As a Regional Australia Bank employee you can save $’000 in tax

by salary packaging a car

The cost of financing and running a car via a conventional car loan is expensive.

Here is an example of a 2017 BMW 125i M Sport $36,900 drive away price

Cost per month on a 3 year secured car loan

Car finance repayment per month – $1,165
Car running costs per month – $441
Total car running costs per month – $1,606

A 2017 BMW 125i M Sport – cost on a 3 year Novated Lease

Total car running costs per month – $1,157 *

SAVE $449 per Month

Save $5,388 per YEAR

A novated lease is flexible and allows choice of vehicle, lease term and provides savings through fleet pricing and income tax and GST savings.
 You get all of the benefits and avoid the hassles of car ownership.

Choice

Tired of driving the same old car?  With a novated lease, you select a vehicle that best suits your lifestyle and budget.  From a new or demonstrator to a used vehicle (including pre-loved prestige cars).

Pre-Tax Benefit

As your novated lease is paid from your pre-tax salary you get a tax deduction for your car, even with no business use and also save on GST.

Fleet Vs Retail

Instead of paying full retail pricing on new and used cars, access our huge network of vehicle dealers to secure the best fleet pricing.  You also get access to lower costs to service your car through fleet discounts on labour and parts rates.

Budgeted Running Costs

Fuel cards to make filling your car up a breeze.  Pre-authorised servicing to ensure you are not overcharged. We also manage the payment of your CTP, registration and annual comprehensive insurance.

Want to know more about novated leasing then check out our extensive list of Frequently Asked Questions,

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* Note – example above assumes $75,000 annual pre-tax salary. Running costs budget includes fuel, re-registration and CTP, comprehensive insurance, servicing, tyre replacements and roadside assistance.  Speak with one of our consultants to understand what the cost and savings are for you with your salary and vehicle of choice.