Tax savings on any tax bracket - Case Study

A common misconception around salary packaging cars, is that you have to be on a high salary for it to be effective. Because we've dedicated oursleves to novated leasing, we can enable tax savings at virtually any income level.

In the example below we'll detail how much you can save by paying for a Suzuki Swift with a novated lease, as opposed to personal finance.

The next step is to determine the running costs of the vehicle. This is part of the first step in our five-step lifecycle model.

The total cost of running the Suzuki for a year is $11,076. The costs don’t change, but how you cover them makes a big difference.

As you can see, whatever salary you're on, salary packaging with Autopia is the cheapest way to own a car.

By sacrificing part of your salary you reduce your taxable income, and your income tax. By paying for a proportion of the costs after tax, through employee contributions, you don’t even have to pay FBT.

Although your take home pay has reduced, you’ve already paid for the Suzuki, so you’re actually now better off to the tune of $2,743 a year.

Over the term of the lease, that’s a massive saving of $8,229.

Summary

All of the above costs include GST