The pricing, interest rates, calculations, and budgets outlined in this Proposal are based on the information provided and prevailing rates at the time of the quotation. Please note that these prices and rates may fluctuate upon actual delivery.

This proposal utilises the Employee Contribution Method (ECM) with a statutory percentage of 20%. ECM is an approach for Novated Leasing of motor vehicles, involving both pre-tax and post-tax contributions from your salary to your employer. It aligns with the estimated taxable value of the vehicle, determined using the statutory formula method. Your pre-tax contribution is equal to the estimated annual lease and operational costs of the vehicle, reduced by your post-tax contribution. A GST of 1/11 applies to the ECM contribution, except for Hybrid or Electric Vehicles, which have no FBT liability.

The Novated Leasing Fees mentioned here relate exclusively to the packaging of a Novated Lease and may vary based on other items included in your Novated Leasing arrangement.

When you opt for a Fully Budgeted Novated Lease, you commit to leasing the vehicle for a predetermined period. It is crucial to align the lease duration with your intended vehicle ownership period. Otherwise, if you decide to terminate the lease prematurely, the payout figure may exceed the current market value of the vehicle and include fees and charges imposed by the financier.

MBM Financial Services Pty Ltd, trading as Novated Finance Australia, provides administrative and referral services on behalf of employers but does not offer financial, taxation, or financial product advice to employees, including advice on package programs. While some general information regarding taxation matters may be provided to illustrate potential advantages, it is highly recommended to seek independent financial advice before making any financial decisions related to a vehicle lease. MBM Financial Services Pty Ltd, t/a Novated Finance Australia, may receive commissions, rebates, and interest on funds held in connection with certain services it provides or arranges through third parties. Please note that tax laws concerning Novated Leasing benefits may change, potentially affecting financial, taxation, or welfare benefit decisions.

For our Privacy Policy, please visit our website at www.novatedfinanceaustralia.com.au. The policy details the types of personal information we may collect, how we may use and disclose it, and provides information on accessing or correcting your personal information held by us. Additionally, our Privacy Policy outlines the process for making a complaint if you believe we have breached our obligations under the Privacy Act 1988. We intend to use your personal information to facilitate the delivery of our novated leasing services and keep you informed about our latest products and services. This may involve disclosing your personal information to our third-party providers and alliance partners. If you wish to prevent your personal information from being disclosed to third parties or alliance partners and avoid receiving their marketing materials, please email customerservice@nfaus.com.au.

The running cost allocation is an estimate based on the type of vehicle and annual mileage. You are responsible for actual costs. If actual costs exceed the budgeted allocation, Novated Finance Australia will provide reports on budget allocations to keep you informed about your budget status. Any surplus funds at the end of the lease can be paid as taxable salary or rolled over to a new package benefit.

Novated Finance Australia reserves the right to adjust the lease rental if there is any manufacturer price increase, applicable interest rate change, or government charges at the time of delivery.

The Comprehensive Insurance Quote from Novated Finance Australia (if applicable) is indicative and subject to change. Please read and understand the insurance product disclosure statement (if applicable) and be aware of the coverage levels offered by the Comprehensive Insurance included in the lease (if applicable). Note that the comprehensive insurance quoted is an annual policy and will be reviewed for pricing and coverage on the policy maturity date.