Novated leasing for government employees

Find out how much you could save on vehicle costs with a novated lease as a government employee.

We help government employees get the best deal on a novated lease, even if your department has an existing salary packaging provider.

Novated lease benefits for government employees

  • Vehicle can be used 100% for personal use.
  • Finance a new or used car.
  • Bulk discounts on regular vehicle prices.
  • GST saving of up to $6,191 on car purchase (plus accessories and add-ons).
  • Use your pre-tax salary for the lease payments so you save in tax – this is known as salary sacrificing your car.
  • Bundle car-running costs (fuel/electricity, insurance, registration, servicing, tyres) into your pre-tax repayments.
  • Save GST on car running costs.
  • EVs and PHEVs are exempt from fringe benefits tax.
  • The lease can be transferred to a new employer if you move job.
  • Flexibility at the end of the lease term.
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Potential savings for government employees with a novated lease

The ability to pay for a vehicle through a novated lease is a big benefit of being employed in the public sector. It means your salary can go a lot further. Here’s an example of the novated lease savings on a Tesla Model 3 RWD with a purchase price of $66,100.

The calculation assumes a 5-year lease/finance term, a driver based in NSW with an annual pre-tax salary of $120,000, a car loan interest rate of 7.5% p.a, car running costs based on 15,000km driven per year. Car running costs include insurance, registration, servicing and tyres. The car in the example is eligible for the FBT exemption.

Electric vehicle novated lease fringe benefits tax saving example compared to car loan and buying car outright
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FBT exemption for EVs and PHEVs

Novated leases for zero or low emission vehicles are increasingly popular for employees of government departments due to the generous fringe benefits tax (FBT) exemption that applies.

This means there is NO FBT to be paid by you or your employer. If this is something you’re interested in, you can view a full list of the vehicles that are eligible for the FBT exemption.

How Novated lease Australia can help government employees

We may be able to help you get the best deal on your novated lease, even if your department or organisation has an existing salary packaging provider.

Our expert team works with you to give you a competitive quote based on your needs.

We can help government employees at federal level and across state, territory and local governments in the ACT, New South Wales, Northern Territory, South Australia, Tasmania, Victoria and Western Australia.

people

"The other companies were quite satisfied in quoting excessive costs and simply failed to follow up in a prompt manner, if at all. NLA, Eddie and their support team have been excellent to deal with and all in all I have had a very easy and painless introduction to novate leasing. I have no hesitation in recommending NLA and Eddie." - Chris Kalmar

What we offer government employees

  • We’ll help you find a vehicle to purchase at the best possible price.
  • We’ll help you secure the best novated lease deal through our great partnerships with a wide range of financiers.
  • Our experts will calculate your estimated car running costs and build them into your lease budget for you to share with your salary sacrifice provider.
  • We will support you through the process of setting up with your department and your salary sacrifice provider.
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Written by

Bevan Guest - NLA CEO

CEO

Bevan Guest

Reviewed by

Sean Callery Editor Novated Lease Australia

Editor

Sean Callery

NovatedLeaseAustralia.com.au
Our Office Locations

NSW

Level 3, 201 Miller St, North Sydney, NSW, 2060, Australia

VIC

Suite 3, Level 2, 1 Taylor Street, Moorabbin, VIC, 3189 Australia

Company

Novated Lease Australia Pty Ltd

ABN: 69 659 639 004

ACN: 659 639 004

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