Flare is thrilled to partner with Talent International, providing an attractive novated leasing program for Talent International contractors.
Considering a car purchase this holiday season? Bypass the hassle and elevate your car-buying experience with Flare’s streamlined novated lease. Not only can you save on GST for both new and used cars, but you can also bundle your running costs efficiently. Arrange a holiday test drive with Flare and drive into the new year with ease.
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EV $139^ Per week
$36,738.00 Total Savings
EV $201.95^ Per week
$37,551.09 Total Savings
EV $230^ Per week
$45,006.00 Total Savings
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Purchasing an eligible electric or plug-in hybrid vehicle through a Novated Lease can save an employee on average $10,000 a year.
Utilising a Novated Lease for any car purchase, you can save on average $6,000 a year.
Over 100,000 Australian businesses use Flare to attract and engage their employees benefits.
A novated lease is an arrangement between you, your employer and a financier for a period of time, between one to five years. You can still leave your employer during that time. If you do, you have the options to pay your car off, pay the financier directly or alternatively, you may be able to take the lease with you subject to your new employer’s approval.
Your employer makes before-and-after-tax deductions (known as salary sacrificing) to pay for your car and running costs, helping to save money on tax.
When you decide on a novated lease with Flare, we’ll arrange everything for you from identifying and sourcing the car at a great price through our network, helping you apply for finance, to buying your car and having it delivered. We’ll manage the arrangement with you and your employer. It’s that easy.
You don’t pay the car off in full over the term of the lease as there must be a ‘residual value’’ amount remaining at the end of the lease period. The amount unpaid is owed at the end of the lease. This is determined using a methodology set out by the Australian Tax Office. When you come to the end of your lease, you have plenty of options:
Trade-up your car and upgrade with a new lease
Re-lease your car and pay the residual amount
Payout the residual amount and own the car outright
Sell the car and use the proceeds to pay the residual amount
You are not tied to your employer because you have taken up a novated lease. If you move on, you have the options to pay your car off, pay the financier directly or alternatively, you may be able to take the lease with you subject to your new employer’s approval.
Yes, you can get a novated lease for an electric vehicle and plug-in hybrid with Flare. Our car experts can help you benefit from the significant saving advantages of a novated lease while you help the planet.
When you go electric, you’ll save on fuel and maintenance compared to an internal combustion engine vehicle.
These savings could be amplified even more with a novated lease. Eligible electric vehicles and plug-in hybrids are now exempt from the 47% fringe benefits tax – only if provided through a novated lease.
This is no longer the case. The Federal Government changed legislation a few years back which made the benefit of leasing universal regardless of kilometres driven. So, it doesn’t matter how much you drive per year, you will still save money. The only thing kilometres impact are your running cost budgets for fuel, servicing and so on.
Flare will try and make sure that your budgets are as accurate as possible, however if your expenditure exceeds what we are taking in budgets – we will contact you about increasing your deductions. Also, if we are taking too much and your actual running costs are less than what we have budgeted then we can look at reducing your budgets.
*Displayed price only available through a Flare Cars Novated Lease. Weekly costs are estimates only based on the following assumptions: 1) Gross Annual Salary of 85,000, 2) 60-month lease term, 3)a residual value of 28.13% of the vehicle purchase price payable at the end of term, 4) Weekly salary payments, 5) lease quotes include like for like running costs for Fuel, Maintenance, Tyres, Registration & CTP and an estimated cost for comprehensive insurance at 2.5% of the vehicle, 6) Vehicle purchased in NSW, 7) 15,000km per annum, 7 ) prices quoted are based on real Flare Car customer orders placed through Macquarie Vehicle Select in the previous 90 days. 8 ) Salary Sacrifice using Employee Contribution Method (ECM). 9) The novated lease offer is based on the assumption outlined above. It is an indicative cost approximation of the selected vehicle and model shown, and the amounts may change at the time the novated lease quotation is completed and finalised. Vehicle discounts & availability is subject to manufacturer production delivery timelines and current stock levels. 10 ) Total Flare Discount Figure is a combination of vehicle discount and GST savings on the purchase price.^The savings shown are indicative and reflect a total of income tax savings, GST savings on vehicle running costs and GST savings on the purchase price of the vehicle over the full lease term. We assume your employer is able to claim 100% GST Input Tax Credits, due to their Input Tax status. The total amount saved compares a novated lease based on the assumption outlined above and the purchase of a vehicle and payment of running and maintenance costs using post-tax earnings. Actual savings will depend on your personal circumstances.The maximum age of the vehicle is 15 years old from the build date at the end of the lease. A motor vehicle qualifies (except a motorcycle or similar vehicle) is designed to carry a load less than one tonne (<1,000Kgs) and fewer than nine passengers for FBT purposes. Promotional period is valid until 31/03/2024.
Unlock Significant Savings with Novated Leasing Flare is thrilled to partner with Talent International, providing an attractive novated leasing program for Talent International contractors. Considering a car purchase this holiday season? Bypass the hassle and elevate your car-buying experience with Flare’s streamlined novated lease. Not only can you save on GST for both new and […]