Clear Lease Logo with 'Clear Lease' displayed in text
Quote Reference: 123456
Date: 16/05/2025
Valid Until: 30/05/2025
Consultant: Arrel Aussieker
Email: arrel@clearlease.com.au
Phone: 467709163

Your cost to take home pay per fortnight: $540.76

All-inclusive for your BMW i4 (finance, insurance, registration, maintenance, charging & tyres).
Your fortnightly tax & GST savings:
$331.00
Total saved over 4 years:
$34,452.00

Your Details:

Name:
Trae Kavalinovich
Employer:
Clear Lease
Email:
traeks@icloud.com
Phone:
0467709163
Annual Income:
$120,000.00
Term of Novated Lease:
60 months
Budgeted Annual KM's:
Budgeted Annual KM's
FBT Calc Method:
Statutory

Your Vehicle & Finance:

Make & Model:
BMW i4
Variant:
G26 eDrive35 Gran Coupe 5dr Reduction Gear 1sp AC210kW
Year:
2023 Demonstrator
Fuel Type:
Electric
Accessories:
None
Price (incl GST):
$68,990.00
GST Savings:
-$6,019.02
Vehicle Finance Amount:
$62,979.98
Interest Rate:
6.60%
Financier Setup Fee:
$363.00
Clear Lease Fee:
$0.00

End of Lease Residual:

Residual Percentage (4 year lease):
37.50%
Residual amount:
$23,617.49
Residual amount GST:
$2,361.75
Total Residual payable:
$25,979.24
i
The ATO sets a minimum 'residual value', which is a percent of the car value that needs to be paid at the end of the term, and includes GST.

‍At the end of the lease, you can:
pay this outright to keep the car and end the novated lease
sell the car to cover the residual value, pocketing the profit, or paying the loss
refinance the residual value into a new novated lease
Clear Lease Logo with 'Clear Lease' displayed in text
Quote Reference: 123456
Date: 16/05/2025
Valid Until: 30/05/2025
Consultant: Arrel Aussieker
Email: arrel@clearlease.com.au
Phone: 467709163

The numbers.

See your budgets basedon the kilometers driven per year.

Your Budget/Inclusions (fortnightly):

Maintenance:
$89.23
Registration:
$49.15
Fuel/Electricity:
$15.38
Tyres:
$25.00
Comprehensive Insurance:
$131.23
Administration:
$10.38
Roadside Assistance:
Included*
Finance Budget:
$495.73
GAP Insurance (financed):
$10.03
GST:
$79.23
Total Lease Budget:
$872.03
Employer GST Credit:
-$79.23
Tax Saving:
-$252.04
Total Cost to You:
$540.76

Salary Packaging Calculation:

FBT Calculation (What Needs to be Paid Post Tax:
Vehicle Base Value:
$66,209.20
Fringe Benefits Tax Rate:
20%
Fringe Benefits Tax Value:
$13,241.84
Fringe Benefits Tax Amount per Pay Cycle:
$0 / fortnight
(EV - is exempt)
Pre-tax & Post-tax Payments:
Total Lease Budget (exl GST):
$792.80
Post-tax Payment (ECM):
-$0.00
Pre-tax Luxury Car Charge:
-$0.00
Pre-tax Payment (Salary Packaged):
-$792.80
i
Novated leasing is a 'fringe benefit', and attracts a tax of 20% of the base value of the car, which must be collected each year in post-tax payments/ECM to offset it. Electric Vehicles are exempt. Operating cost method leases are calculated differently, talk to your broker if this is your method.  

Income Comparison:

Category:
Without Lease:
With Lease:
Income (Annual):
$120,000.00
$120,000.00
Pre-Tax Payment (Annual Salary Package):
$0.00
$20,592.78
Taxable Income (Annual):
$120,000.00
$99,407.22
Income Tax (Annual):
$29,118.00
$22,598.00
Post-Tax Payment (Annual ECM):
$0.00
$0.00
Take Home Pay (Annual):
$90,776.00
$76,809.22
Take Home Pay (Fortnightly):
$3,491.38
$2,954.20
Clear Lease Logo with 'Clear Lease' displayed in text
Quote Reference: 123456
Date: 16/05/2025
Valid Until: 30/05/2025
Consultant: Arrel Aussieker
Email: arrel@clearlease.com.au
Phone: 467709163

Terms & Conditions:

  1. The FBT year runs from 1st April to 31st March. Please be aware any dats for which your vehicle was unavailable during any year will not entitle you to a reduction in the annual kilometers you nominate. If you start your novated lease two thirds through the year your kilometers and contributions will be pro-rated from the day you collected your vehicle up to 31st March. If your lease finished before the FBT year-end your kilometers travelled and contributions will be pro-rata calculated ver the period you held the vehicle in that FBT year.
  2. Any deficit in your account when the novated lease is finalised will be recouped by clear lease from you directly. Any failure to pay may result in the matter being handled by a debt collection agency. You agree that you will be liable for all clear lease's costs and charges in relation to debt collection.
  3. This quotation forms the basis of your motor vehicle's allocated running costs. By signing this clear lease quotation you are acknowledging the total vehicle allocated running costs. At the end of the leas term should the actual expenditure be greater than your motor vehicle's allocated running costs, this difference can be paid as taxable salary through your payroll or carried forward into a new salary package benefit. Should the actual expenditure be greater than your motor vehicle's allocated running costs you acknowledge you will need to pay the difference.
  4. All clear lease's calculations shown are for illustration purposes and serve as a guide only to savings that you might achieve from salary packaging a vehicle via a novated lease. These calculations and illustrations do not represent or replace professional financial and tax advice. clear lease accepts no responsibility for reliance on the calculations provided herein.
  5. This quotation assumes you are claiming the tax free threshold and does not take into account any of the following: allotments or deductions taken from your payslip or salary variation advice, your financial situation, investment objectives and specific needs. Before making a decision based on this information, you should consider whether it is appropriate for you in light of your financial situation, investment objectives and specific needs.

Employee Acknowledgement:

  1. The FBT year runs from 1st April to 31st March. Please be aware any dats for which your vehicle was unavailable during any year will not entitle you to a reduction in the annual kilometers you nominate. If you start your novated lease two thirds through the year your kilometers and contributions will be pro-rated from the day you collected your vehicle up to 31st March. If your lease finished before the FBT year-end your kilometers travelled and contributions will be pro-rata calculated ver the period you held the vehicle in that FBT year.
  2. Any deficit in your account when the novated lease is finalised will be recouped by clear lease from you directly. Any failure to pay may result in the matter being handled by a debt collection agency. You agree that you will be liable for all clear lease's costs and charges in relation to debt collection.
  3. This quotation forms the basis of your motor vehicle's allocated running costs. By signing this clear lease quotation you are acknowledging the total vehicle allocated running costs. At the end of the leas term should the actual expenditure be greater than your motor vehicle's allocated running costs, this difference can be paid as taxable salary through your payroll or carried forward into a new salary package benefit. Should the actual expenditure be greater than your motor vehicle's allocated running costs you acknowledge you will need ti ay the difference.
  4. All clear lease's calculations shown are for illustration purposes and serve as a guide only to savings that you might achieve from salary packaging a vehicle via a novated lease. These calculations and illustrations do not represent or replace professional financial and tax advice. clear lease accepts no responsibility for reliance on the calculations provided herein.
  5. This quotation assumes you are claiming the tax free threshold and does not take into account any of the following: allotments or deductions taken from your payslip or salary variation advice, your financial situation, investment objectives and specific needs. Before making a decision based on this information, you should consider whether it is appropriate for you in light of your financial situation, investment objectives and specific needs.