Disclaimer:
Vehicle prices may differ in various states. Weekly expenses have been calculated based on the following presumptions:
- A Novated Choice fully maintained lease.
- A 5-year term.
- A residual value of 28.13% of the vehicle purchase price.
- Costs for fuel/electricity, 4 replacement tires, maintenance, roadside assistance, registration, CTP, and comprehensive insurance.
- A gross annual salary of $90,000.
- Vehicle purchased in NSW.
- Annual Km's of 15,000km.
- Salary Sacrifice using Post Tax Deductions (Employee Contribution Method).
The Fringe Benefits Tax Exempt Method is used only for eligible electric vehicles under the luxury car tax threshold of $91,387.
The price given for the novated lease is based on the vehicle quotes received and does not include any optional extras. Adding optional extras will change the lease cost and the car’s residual value. If you buy the car at the end of the lease, GST will be added to the purchase price. The lease offer is an estimate and may change when the final quote is prepared. Your personal situation hasn’t been considered, which could affect the weekly cost and benefits of the lease.
