Let's crunch some numbers
Real Life Example
Nothing beats crunching the numbers for what your savings could look like. Here is a real life example of the difference Novated Leasing can make to your bottom line.
Electrified Savings
Novate a plug-in
Electric Cars are now TAX FREE on a novated lease
| Jessy Gets a Loan | Marty Novates with Clear Lease | Saving | |
|---|---|---|---|
|
Gross Salary |
$90,000 pa |
$90,000 pa |
|
|
Amount Financed |
$74,686 inc GST |
$36,291 GST free |
$5,885 |
|
Vehicle Running Cost pa |
$20,140 inc GST |
$18,309 ex GST |
$9,154 |
|
Income Tax |
$21,528 |
$15,240 |
$31,440 |
| Total Savings | $46,480* | ||
|---|---|---|---|
| Income After Car Costs | $48,925 | $55,450 | That's an 8.3% Pay Rise |
|---|---|---|---|
*GST and income tax savings over a 5 year lease based on \$90,000 income, calculated using electric or plug-in hybrid vehicle options. Includes lease, rego, insurance, servicing & maintenance. All reasonable care has been taken to ensure the content is correct at the time of publication. Clear Lease recommends that you seek independent financial advice.
Tank Full of Savings
Novated Petrol or Diesel Vehicle
| Karen Gets a Loan | Craig Novates with Clear Lease | Saving | |
|---|---|---|---|
|
Gross Salary |
$90,000 pa |
$90,000 pa |
|
|
Amount Financed |
$39,755 inc GST |
$36,291 GST free |
$3,463 |
|
Vehicle Running Cost pa |
$13,409 inc GST |
$12,882 ex GST |
$2,631 |
|
Income Tax |
$21,528 |
$19,764 |
$8,820 |
| Total Savings | $46,480* | ||
|---|---|---|---|
| Income After Car Costs | $55,656 | $57,348 | That's a 3% Pay Rise |
|---|---|---|---|
*GST and income tax savings over a 5 year lease based on \$90,000 income, calculated using petrol/diesel vehicle options. Includes lease, rego, insurance, servicing & maintenance.
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