You pay less Tax

Some or all of your car costs are deducted from your gross salary, before your PAYG income tax is applied. This will mean you pay less income tax.

For example; Jenny's employer offers a salary packaging program with nlc.

Jenny earns $65,000 per year, (gross taxable wage), drives 18,000 kms per year and has packaged a car for $35,000 inc GST over a 4 year term (48 months).

Jenny can save $2,471.00 per year, just by using a novated lease.

Go to the "novating with nlc?" presentation to see the assumptions we've used.

You save the Goods and Services Tax (GST) on the purchase price of the car

This is a significant saving, when nlc purchases the car from a dealer or ABN holder, the GST (Goods and Services Tax) on the purchase price of the car is claimed back, nlc then passes that saving on to you.

For most people this represents a saving of about 9% off the purchase price of the car which translates into a lower finance amount compared to someone having to pay the full GST inclusive amount.

You can save the GST on the running costs of the car

Your employer will be making payments on your behalf for fuel, tyres, servicing, repairs, insurance and registration. If your employer is able to claim back the GST associated with those payments, they may choose to pass those credits on to you.

This means if the pump price is $1.20 per litre, you're only paying $1.09.

Check your Employers GST status and their Salary Packaging Policy.

You get your choice of car

You get your choice of car. It can be new or used, or even a car you currently own!
(see Sale and Lease Back, below).

This is your car, so you can choose the make model, colour, options, accessories, engine size, fuel type, everything.

There are just a couple of limitations to be aware of:

1  The FBT Assessment Act defines a "car" as motor vehicle (excluding motor cycles and similar) designed to carry a load of less than 1 tonne and fewer than 9 passengers, and

2  Your employer may have some constraints that you need to work within, which you should be able to find in your employer's salary packaging policy or from your Human Resources Manager.

Novate your existing car - Sale and Lease Back

If you're happy with your current car and don't want to spend money on a new one, we can novate it.

You pocket the equity you already have in the car and receive the tax benefits a novated lease provides.

Think about what you could do with the cash! You maybe closer to paying of that credit card, or paying for that holiday sooner than you think!

We call this a "Sale and Lease Back". To learn more about this product and the conditions around it, click here, or chat with a consultant.

Need help buying a car?

nlc offers a car buying service that provides you with great service and when possible, better than retail pricing.

Our car buying service takes the running around out of the sales process, we'll even bring the car to you once your purchase is finalised!

The nlc car buying service is called Jivve.

Novate more than one car

Many employees salary package more than one car increasing the benefits provided by the program.

It can be your weekender, a car for their partner, or a safe runabout for any inexperienced P-platers in the family as they venture out on the roads for the first time.

This option is dependant on your employer's salary packaging policy.

The convenience of not having to use cash at the pump

Don't worry about having cash or using a credit card to purchase fuel.

nlc provides you with the nlc platinum card, our fuel and maintenance card is accepted at most service providers across Australia.

Where the nlc platinum card is not accepted, you will need to pay for your fuel then claim reimbursement from nlc.

Servicing and Repair - "Better than Retail" pricing

The nlc platinum card provides you with access to our repair and maintenance network.

We authorise all work and servicing prior to the work starting. Our experienced staff scrutinise the quote to ensure no unnecessary work is performed on the car.

We also negotiate the parts and labour costs for you, often securing you "better than retail" pricing.

"Budget-wise" payments

No more inconvenient insurance and registration lump sum payments; nlc takes the painful inconvenience out of your car cash-flow ups and downs!

At the start of your lease, we discuss your car usage with you and add up all the expenses required to run and finance the car. This forms the basis of your monthly payment.

We base these calculations on the annual kilometres of the car, insurance, rego, the purchase price, your annual taxable salary and the term of the lease.

The monthly amount is then divided by your pay cycle and we manage your payments to cover your expenses over the life of your lease.