The following case studies show in detail the effect that salary packaging using a novated lease has on the purchase price and running costs of various vehicles. We have selected a range of vehicles and salaries to highlight the fact that a novated lease can benefit a wide range of people.
An inexpensive car on an average salary
Savings can still be achieved on a novated lease for those on an average salary. In this case study, Our employee earns a gross salary of $50,000 per year. We explore a Toyota Corolla worth around $22,000, travelling 20,000kms per year.
Our employee in this example saves over $10,000 over the 48 month lease term.
A popular sedan on a comfortable salary
Explores a novated lease on a popular sedan worth around $33,000 and travelling 25,000kms per year. Our employee in this case earns a gross salary of $80,000 per year.
Our employee in this example saves over $12,000 over the 48 month lease term.
A luxury car on a higher gross salary
For higher income earners, tax savings can be significant. In this case sudy we explore a luxury vehicle worth around $90,000 and travelling 25,000 kms per year. Our employee in this case earns a gross salary of $150,000 per year.
Our employee in this example saves around $30,000 over the 48 month lease term.
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