By salary packaging your next new or second hand vehicle, you can save thousands of dollars every year – pay 100% of your running costs and most of your finance costs tax-free!
It makes a new family car so much more affordable.
John works for a private sector company and wants to purchase a new car for the family. He’s looking at a new Commodore VE11 SV6 Sportwagon Sports Auto and would like to know how much he would save by salary packaging.
The recommended retail price of the Commodore VE11 SV6 Sportwagon. Sports Auto is $51,790. However, Selectus sources vehicles at fleet discounts, so John would only have to finance $37,704 if he salary packaged the vehicle via a novated lease! This saving is the result of the fleet discount provided through Selectus plus savings on the GST on the purchase price.

The cost of finance for this vehicle is: $762.60 per month
John's running costs are: $590.00 per month
If John paid for this himself from his after tax salary he would have $1,142.00 left to take home every fortnight.
If John salary packaged his vehicle expenses he would have $1,276.00 left to take home every fortnight.
By salary packaging his motor vehicle finance and running costs, John has saved himself $134.00 per fortnight, or $3,484 per year, or $17,420 over the 5 years he is salary packaging his vehicle, when compared to him paying these costs from his after tax salary.
*Please read the Motor Vehicle Fact Sheet found on the Selectus web site and listen to the web based voice over presentation for more detailed information.
Buying a new car through a Novated Lease is not difficult when you deal with Selectus. Our Leasing Consultants will assist you through the process and take away all the hard work. Where relevant, Selectus has set up a procedure with your employer establishing the conditions under which you will be eligible to salary package a novated lease.