---

A fully maintained novated lease is nearly the same as a standard novated lease except all the motor vehicle running expenses such as petrol, rego, car insurance, maintenance are included in the monthly lease payment.

Under a fully maintained novated lease arrangement, a fleet management company packages all the running expenses up into one monthly car lease payment. The fleet management company will collect the monthly car lease payment and distribute the funds to the third party providers on your behalf. (ie fuel provider, maintenance provider).

You will receive great hands on personalised service from an experienced car leasing consultant.

A fully maintained novated lease is suitable for any employee who wants to include a motor vehicle as part of their salary package, so long as their employer offers salary packaging as an option for employees.

GST is charged on the monthly fully maintained novated lease payment and as long as the employer is registered for GST, they can claim this back on their BAS. GST is also charged on the residual value on the fully maintained novated lease, and as the Novation reverts back to the employee at the end of the lease, the employee is responsible for paying the GST on the residual. Fringe Benefits Tax (FBT) is payable on the motor vehicle, and this expense is normally passed on to the employee.

The amount of FBT depends on the kilometres travelled each year or amount of business use. The higher the kilometres and business use, the lower the FBT.

---

Pre-Approval