Motor Vehicles & Salary Packaging

1. Lease Information
2. Running Costs
3. Estimating Annual Distance Travelled
4. Tax Considerations
5. Novated Leases
6. Associate Leases
7. Motor Vehicles & FBT
8. Employee Contribution Method
9. Motor Vehicle Procurement

Lease Information

Set out on this page are the guidelines to the Motor Vehicle Policy.

Employees may choose to include one or more motor vehicles in their package. Business use is not a prerequisite and new or used vehicles may be acceptable under the plan.

In summary, the motor vehicle will be made available through either a Novated Lease or an Associate Lease arrangement. Income Essentials can arrange Novated Leases through a suitable finance company at competitive interest rates.

Deductions will be made from gross salary for all lease payments, running costs and FBT liability.

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