Australian Novated Lease/Salary Sacrificing Car calculator
Novated Lease
A novated lease works like this:- You choose a car and lease it from a finance company.
- You novate the lease to your employer. Your employer assumes all the your rights and obligations under the lease, including responsibility of meeting the lease rentals.
- The contract is in your name and you remain the registered owner throughout the lease and keep effective control of the vehicle at all times.
- If you leave the company, you keep the car. In most cases, you would take over the lease payments, or get your new employer to take over the payments.
Fully Maintained Novated Lease
A fully maintained novated Lease generally includes all of the operating costs, such as fuel, lease rental, servicing and maintenance, registration, tyres and insurance. All of these items are covered by a single monthly payment. The amount is initially calculated based on a budget. Each month (or quarter) the actual expenses are tracked against the budget, and the budget is then adjusted if required.
Salary Packaging
Salary Packaging is an Australian Taxation Office approved means of allowing your employees to effectively restructure their income. As an employee, you can choose to receive your salary as a combination of cash and approved benefits. These benefits are either tax free or taxed at concessional rates. Replacing some of your cash salary with benefits enables you to lower your taxable income to increase your overall after-tax pay.
The Right Salary Packaging
It is very important that you salary package your car correctly. Getting the right advice regarding the size of the residual and the term can make the difference between saving and losing money! If you are considering salary packaging and/or a novated lease, we can help you. Either as part of the process of pricing your new car, used car or if you’re looking for pre-approved finance. We are also more than happy to work with your existing salary packaging company. Some of these are very focused on the financial aspects of the purchase and not so good at getting the best price for the car itself. We regularly get clients that are using some of the largest salary packaging providers in Australia and manage to save them significant amounts on the car purchase.
Testimonials
We saved around $1500 which was absolutely fantastic given that it resulted from only one web enquiry and five minutes of our time! Thankyou so much. And, yes, we will tell others of your service.
J.T., Canberra
I know what you mean when you say 'buyer's remorse'. I've had it each time I bought a new car except this time. It's a great feeling to a) get a great price b) avoid the huge stress. Seeing things from 'the other side' has made me a convert: This is the way to buy a car! Thanks for a great business.
M.W., Perth
Thanks to Chris and the guys at Carbroker.com.au we took delivery of a top of the range model for the same price as a dealer had quoted for the base model. No haggling, no hassles, no hesitation in recommending this service.
M.F., Perth
Chris, You are a champ. Your advice on the trade-in worked a treat. I have a buyer at $14,280. A cool $2280 above the original figure! Thanks mate!
B.M., Melbourne
I just want to say thank you for all your effort in getting me a good deal on the car. I managed to save close to $6,000 from the initial quote given to us by a Toyota car dealer. I am very happy with your service and will surely recommend you to all my friends who are keen to buy a new car.
N.A., Victoria
Fast replies, great service and most importantly, extraordinary prices. Anyone buying a new car not using this service is not fair dinkum about getting the best price and probably paying too much. The service saved me thousands. Will definitely be using it again when next buying a new car and have been telling all my friends about it. Keep up the good work.
J.G., Perth
A short note to say thanks for the professional and profitable service that you've just delivered to me. Getting the best price from the city and then translating to a country dealer in a small town made it a lot easier. You'd be surprised how many times we bump into each other, and taking the local personality out of the negotiation was much appreciated by both the dealer and myself.
K.P., Armidale
I am impressed by your professional approach with your customers. Therefore, I have already recommended your service to my collegues, friends. I would again use your service in the future when I buy the next car for my wife. I will continue support you and your dealers in the future as you all are doing wonderful jobs!
L.I.I., Brisbane
I'd like to take this opportunity to say that this is a fantastic service you offer, especially for a woman as it takes away the pain of dealing with car salesmen. Using your service saved me thousands of dollars and I will definitely recommend you to all my friends and colleagues, in fact one has already logged on to get a quote today.
S.T., Sydney
I was pleasantly surprised when I saw the discounts of RRP that the dealer was putting down, more than made up for the cost of the fog lights and the paint protection which I optioned in! I signed the dotted line and bought my first brand new Hyundai. I will take delivery less than a week after signing, which I find quite impressive.
S.B., Sydney