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Time to upgrade your car?

Access a novated lease on top of your salary packaging for even more tax savings.

Save thousands on your next car...

Considering buying a new, ex-demo, or used car? Good news: with a novated lease*, you can save thousands on your next vehicle (and the running costs, too – but we’ll talk about that in a moment).

Novated leasing is a car finance option approved by the Australian Tax Office (ATO) where your repayments are calculated using the perfect mix of your pre-tax and post-tax dollars, helping you maximise your tax savings as you won’t pay any fringe benefits tax. A novated lease gives you access to fleet pricing, and the vehicle is financed with no GST, saving you even more money.

Your novated lease can also include car accessories: a towbar, a roof rack, floor mats, and even window tinting. By now, the savings are starting to really add up!

The best part? You can access a novated lease in addition to your salary packaging.

Close up of a person filling their car with fuel

... and on your running costs!

Your eyes aren’t playing tricks on you: a novated lease can include your running costs, too. Imagine the relief of knowing these costs are already budgeted for – no more big financial surprises when you suddenly have to pay for servicing or new tyres on top of your car loan. It’s just one less thing to worry about!

Using an ATO-approved mix of your pre-tax and post-tax dollars, you’ll make one regular payment that covers your:

  • Fuel
  • Registration and insurance
  • Repairs, tyres and maintenance
  • Roadside assistance membership

*Accessing a novated lease is subject to your organisation’s salary packaging policy.

Running the numbers

In 5 years, you could save over $5,000 on your car and running costsLet’s say you:

  • Earn a $60,000 annual salary
  • Purchase a medium-sized $30,000 car
  • Estimate your average annual driving distance to be 20,000km
  • Choose a five year novated lease
  • Continue to salary package as normal for the lease term.

† Based on the parameters described above, in five years you could save over $5,000 on your car and running costs. Don’t forget that’s in addition to your extra take-home pay through salary packaging.

 

Client testimonials

Meet StreetFleet

Want to know why we choose StreetFleet to provide novated leasing to our customers? It’s simple: like us, the StreetFleet team are committed to providing excellent and highly personalised service. You’ll work with a dedicated consultant throughout your entire novated leasing journey, from acquisition through to delivery, so your case is always managed by the person who understands your needs.

StreetFleet are a 100% Australian owned nationwide Vehicle Leasing and Fleet Management company, with over two decades of experience specialising in the not for profit sector.

Additionally, through their Native Pathways Project, StreetFleet has surrendered 100 tonnes of carbon emissions by purchasing Australian Native Reforestation with Carbon Neutral. StreetFleet works with Carbon Neutral to measure, reduce and offset carbon emissions from vehicles to invest in the future sustainability of our planet. The inclusion of this offset in your novated lease enables the purchase of more trees, removing existing carbon from the atmosphere to restore a healthy, functioning ecosystem.

Learn more about StreetFleet

StreetFleet logo with two cares in the foreground and the sun shining in the background

Novated leasing - frequently asked questions

StreetFleet answer the most commonly asked questions about novated leasing. For more, visit their website.

All leased vehicles must be comprehensively insured. StreetFleet will arrange insurance through our preferred supplier at competitive rates with features designed with Novated Leasing in mind.

If your vehicle is written off, the lease will need to be finalised with a final payment as determined by us, and is then terminated. If your insurance payout does not cover
the finance payout, you will have to make the shortfall/gap payment to us to finalise the lease. Gap insurance covers you for this event up to certain limits. Please refer to the product disclosure statement (PDS), which is made available with the initial lease quotation or by visiting here. Depending on policy terms and conditions, and if your insurance covers your new replacement vehicle, we may be able to continue the lease with the replacement car.

StreetFleet’s Novated Lease products also include an accident management service. Simply call our office and we can assist you to deal with the accident, make an insurance claim, have the vehicle repaired, etc.

It is completely up to you; however, there may be restrictions from your insurer or employer on who can drive the vehicle.

StreetFleet will organise your fuel card through Motorpass, which will arrive approximately 7 days after delivery. If you need to fill up during this period, complete our online reimbursement form and we will reimburse you from your lease provisions if fuel has been included.

Just book the vehicle into your local MTA approved service centre. When dropping the car off, let them know that StreetFleet manages the vehicle and they will contact us for work authorisation. Our decals will also be on the service books to remind the dealer. Once the service is complete simply collect your vehicle and all invoices will be sent to our office for payment. If there are any issues with the vehicle (such as required repairs etc) we will contact you to discuss.

Just visit the StreetFleet website, where you can log on to our secure online system to view your expenditure 24 hours a day, 7 days a week.

There are three ways that we can collect km readings on your lease vehicles:
1. When you give your kms reading at petrol stations
2. When your vehicle is serviced
3. If you manually enter your reading in our online system.
At any stage, you can log into the system to track your actual kilometres against your kilometre limit.

StreetFleet will arrange for the vehicle to be registered with our mailing address. The cost of registration is included in your lease and will be paid by StreetFleet. We will send you the registration papers each year and you are responsible for ensuring the new label is attached to the vehicle (if required to do so by state law). If the vehicle becomes unregistered, your authority to use the vehicle is withdrawn and you must make sure that nobody drives the vehicle.

If you leave your employer, you must notify StreetFleet in writing immediately. The Novation Agreement with your employer will be terminated and you become the lessee of the vehicle. This means that you will become responsible for making all lease payments.

You may also contact StreetFleet on 1300 273 359 to discuss alternative arrangements such as transferring the Novated Lease to a new employer or paying the lease out early. StreetFleet will provide your employer with a package reconciliation that includes FBT to assist them in preparing your final payment. As some costs may not be known on the date the novation is terminated, it may take up to 5 days to complete the reconciliation to calculate your final payment or refund.

Three months prior to the end of the lease term, we will contact you to remind you that the end of your lease term is approaching and outline the various options that are available to you.

If you involuntarily leave your employment or cannot work due to certain circumstances, you will still be required to make the lease repayments. Loan Termination Protection insurance allows you to hand the vehicle back should one of the designated life events occur (up to certain limits). A product disclosure statement (PDS) is made available with the initial lease quotation or by visiting here.

Explore your options

Contact StreetFleet on 1300 273 359 or visit their website to find out more.