The ability to pay for a vehicle through a novated lease is a big benefit of being employed in the public sector. It means your salary can go a lot further. Here’s an example of the novated lease savings on a Tesla Model 3 RWD with a purchase price of $66,100.
The calculation assumes a 5-year lease/finance term, a driver based in NSW with an annual pre-tax salary of $120,000, a car loan interest rate of 7.5% p.a, car running costs based on 15,000km driven per year. Car running costs include insurance, registration, servicing and tyres. The car in the example is eligible for the FBT exemption.
Novated leases for zero or low emission vehicles are increasingly popular for employees of government departments due to the generous fringe benefits tax (FBT) exemption that applies.
This means there is NO FBT to be paid by you or your employer. If this is something you’re interested in, you can view a full list of the vehicles that are eligible for the FBT exemption.
We may be able to help you get the best deal on your novated lease, even if your department or organisation has an existing salary packaging provider.
Our expert team works with you to give you a competitive quote for a self-managed novated lease based on your needs.
We can help government employees at federal level and across state, territory and local governments in the ACT, New South Wales, Northern Territory, South Australia, Tasmania, Victoria and Western Australia.
"The other companies were quite satisfied in quoting excessive costs and simply failed to follow up in a prompt manner, if at all. NLA, Eddie and their support team have been excellent to deal with and all in all I have had a very easy and painless introduction to novate leasing. I have no hesitation in recommending NLA and Eddie." - Chris Kalmar