Novated leasing for Fire and Emergency Service employees

Find out how much you could save on personal vehicle costs with a novated lease.

We can help members of the fire and emergency services get a great deal on a novated lease, even if your employer has an existing salary packaging provider.

What are the benefits of a novated lease for emergency services employees?

  • The vehicle you novate can be used 100% for personal use.
  • Finance a new or used vehicle to suit your needs.
  • Enjoy a saving of up to $6,191 in GST on the purchase price of the vehicle, plus accessories.
  • Use your pre-tax salary to make your lease repayments (i.e. salary sacrifice your vehicle).
  • Use your pre-tax salary to cover vehicle running costs too.
  • Enjoy a GST saving on regular car running costs.
  • Pay $0 fringe benefits tax on eligible electric or plug-in hybrid cars up to the Luxury Car Tax threshold.
  • Your lease can be transferred to a new employer if you change jobs.
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Emergency services novated lease savings example

You may be wondering what the novated lease tax savings could add up to.

Let's imagine an emergency services worker getting a Tesla Model 3 RWD with a purchase price of $66,100 and a finance term of five years. The example includes vehicle running costs (servicing, insurance, tyres and registration).

As you can see, the savings with a novated lease can be significant compared to buying that same vehicle with a car loan, or even paying for it outright with cash.

We've assumed a driver in NSW with an annual pre-tax salary of $120,000 with car running costs based on 15,000kms driven annually. The car loan interest rate used in the comparison is 7.5% p.a.

Electric vehicle novated lease fringe benefits tax saving example compared to car loan and buying car outright
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No FBT for EVs and PHEVs

An increasingly popular option for members of the fire services we work with is to novate a zero or low emission vehicles. This is due to the generous fringe benefits tax (FBT) exemption that applies. It means there is $0 FBT to be paid by you or your employer which adds up to thousands of dollars in extra savings.

You can view a full list of the vehicles that are eligible for the FBT exemption to see what options are available.

How can Novated Lease Australia help emergency service workers?

Depending on the situation, we may be able to help employees of fire and emergency services across Australia get a great deal on a novated lease, even if your department has an existing salary packaging provider.

This is called a self-managed novated lease, with the same benefits and potential savings.

Our expert team works to secure highly competitive novated lease deals for public sector employees, compared to what other salary sacrifice providers offer.

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

Here's what we can do for you

  • We use our extensive dealer network to help you find the vehicle you need and negotiate discounts on the sale price (on top of the up-front GST saving).
  • We’ll help you secure the best novated lease deal you can from a range of finance providers.
  • We’ll use your estimated car usage to create a budget for your car running expenses and build that into your lease repayments.
  • We handle all the admin for you and work with your employer and salary sacrifice provider to make sure your novated lease is set up correctly and maximises your tax savings.
  • We’ll help you with the process the whole way through, including at the end of the lease when it's time to decide whether to renew it, or pay out the vehicle’s residual value.
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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

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VIC

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Company

Novated Lease Australia Pty Ltd

ABN: 69 659 639 004

ACN: 659 639 004

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