Novated Lease Assumptions

Your Estimated Savings is the amount you will potentially save if you salary package your vehicle through our Novated Lease Program compared to not salary packaging your vehicle and paying running and lease costs from your post-tax funds. For the comparison to be accurate, we have assumed that the financing arrangement for both options is identical. ‘Motor vehicle under Novated Lease’ cost includes an average administration fee and Goods and Services Tax (GST) on Employee Contribution Method (ECM).