Quote Reference: {{quote.quote_id}}

Date: {{quote.quote_date}}

Valid for 14 days

Consultant: {{quote.quoted_by}}

Email: {{quote.quoted_by_email}}

Phone: {{quote.quoted_by_phone}}

Your cost to take home pay {{quote.pay_cycle_description_abbreviated}}: ${{quote.packaged_reduction_net_income_per_pay_cycle|formatAccounting 2}}

All-inclusive for your {{quote.make}} {{quote.model}} (finance, insurance, registration, maintenance, charging/fuel, and tyres).

Tax & GST saving {{quote.pay_cycle_description_abbreviated}}:

${{quote.stratton_savings_per_pay|formatAccounting 0}}

Total saved over {{quote.term_months}}:

${{quote.stratton_total_savings|formatAccounting 0}}

Your Details:

Name:

Employer:

Email:

find code

Phone:

find code

Annual Income:

${{quote.not_packaged_taxable_salary_gross|formatAccounting 2}}

Term of Novated Lease:

Budgeted Annual KM's:

{{quote.annual_km|formatAccounting 0}} KM's / Year

FBT Calc Method:

Your Vehicle & Finance:

Make & Model:

Variant:

Year:

Fuel Type:

(quote.fuel_name}}

Accessories:

Price (incl GST):

${{quote.recommended_retail|formatAccounting 2}}

GST Savings:

-${{quote.vehicle_savings|formatAccounting 2}}

Vehicle Finance Amount:

${{quote.depreciable_amount|formatAccounting 2}}

Interest Rate:

{{quote.lessee_rate_percentage|formatAccounting 2}}%

Financier Setup Fee:

${{quote.establishment_fee|formatAccounting 2}}

Clear Lease Fee:

${{quote.originator_fee|formatAccounting 2}}

End of Lease Residual:

Residual Percentage:

{{quote.residual_rate_percentage|formatAccounting 2}}%

Residual amount:

${{quote.residual_net|formatAccounting 2}}

Residual amount GST:

${{quote.residual_gst|formatAccounting 2}}

Total Residual payable:

${{quote.vehicle_residual_gross|formatAccounting 2}}

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

Reference: {{quote.quote_id}}

Quote is Valid for 14 days from {{quote.quote_date}}

Quote Reference: {{quote.quote_id}}

Date: {{quote.quote_date}}

Valid for 14 days

Consultant: {{quote.quoted_by}}

Email: {{quote.quoted_by_email}}

Phone: {{quote.quoted_by_phone}}

The numbers.

See your budgets based on {{quote.annual_km|formatAccounting 0}} KM driven per year.

Your Budget/Inclusions {{quote.pay_cycle_description_abbreviated}}:

Maintenance:

${{quote.maint_per_pay_cycle_net|formatAccounting 2}}

Registration:

${{quote.reg_per_pay_cycle_net|formatAccounting 2}}

Fuel/Electricity:

${{quote.f_per_pay_cycle_net|formatAccounting 2}}

Tyres:

${{quote.t_per_pay_cycle_net|formatAccounting 2}}

Comprehensive Insurance:

${{quote.stratton_total_insurances_per_pay_cycle_net|formatAccounting 2}}

Administration:

${{quote.mfee_per_pay_cycle_net|formatAccounting 2}}

Roadside Assistance:

Included

Finance Budget:

${{quote.stratton_vehicle_fin_cost_per_pay_cycle_net|formatAccounting 2}}

GAP Insurance (financed):

${{quote.gap_ins_fin_cost_per_pay_cycle|formatAccounting 2}}

GST:

${{quote.gst_per_pay_cycle_net|formatAccounting 2}}

Total Lease Budget:

${{quote.total_lease_per_pay_cycle_gross|formatAccounting 2}}

Employer GST Credit:

-${{quote.gst_per_pay_cycle_net|formatAccounting 2}}

Tax Saving:

-$(find)

Total Cost to You:

${{quote.packaged_reduction_net_income_per_pay_cycle|formatAccounting 2}}

Salary Packaging Calculation:

Vehicle Base Value:

${{quote.fbt_value|formatAccounting 2}}

Fringe Benefits Tax Rate:

{{quote.fbt_statutory_rate_percentage|formatAccounting 2}}%

Fringe Benefits Tax Value:

${{quote.original_taxable_value|formatAccounting 2}}

Fringe Benefits Tax Amount {{quote.pay_cycle_description_abbreviated}}:

${{quote.fbt_payable|formatAccounting 2}}
(EV's are exempt)

Total Lease Budget (exl GST):

$(find)

Post-tax Payment (ECM):

-${{quote.ecm_per_pay_cycles_per_year|formatAccounting 2}}0.00

Pre-tax Payment (Salary Packaged):

-${{quote.total_lease_gross_net_of_ecm_per_pay_cycle|formatAccounting 2}}

Pre-tax Luxury Car Charge:

${{quote.luxury_charge_per_pay_cycles_per_year|formatAccounting 2}}

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):

${{quote.not_packaged_taxable_salary_gross|formatAccounting 2}}

Pre-Tax Payment (Annual Salary Package):

$0.00

${{quote.total_lease_gross_net_of_ecm|formatAccounting 2}}

Taxable Income (Annual):

$(find)

Income Tax (Annual):

${{quote.not_packaged_tax_payable|formatAccounting 2}}

${{quote.with_ecm_tax_payable|formatAccounting 2}}

Post-Tax Payment (Annual ECM):

$0.00

${{quote.ecm_per_pay_cycles_per_year|formatAccounting 2}}

Take Home Pay (Annual):

${{quote.not_packaged_net_salary|formatAccounting 2}}

${{quote.package_net_salary|formatAccounting 2}}

Take Home Pay (Fortnightly):

$(find)

${{quote.package_net_salary_per_pay_cycle|formatAccounting 2}}

Reference: {{quote.quote_id}}

Quote is Valid for 14 days from {{quote.quote_date}}

Quote Reference: {{quote.quote_id}}

Date: {{quote.quote_date}}

Valid for 14 days

Consultant: {{quote.quoted_by}}

Email: {{quote.quoted_by_email}}

Phone: {{quote.quoted_by_phone}}

Other Notes:

Additional Broker Notes (if any): {{quote.comments}}

Terms & Conditions:

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.
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.
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.
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.
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:

I acknowledge that clear lease is not a financial advisor and recommends employees seek independent financial advice. By signing the Vehicle Salary Package Quotation the Employee also acknowledges:

This vehicle salary package quote is a guide only and does not take into consideration my personal circumstance
The Quote is valid for 14 business days
Clear Lease reserves the right to revise the lease rental in the event of any manufacturer price increase, applicable interest rate or government charges at the time of the delivery
Clear Lease Comprehensive Insurance Quote (if applicable) is indicative only and subject to change

I have read and understood the insurance product disclosure statement (if applicable) and I am aware of the coverage levels available

Clear Lease Comprehensive Insurance (if applicable) is an annual policy and will be reviewed for price and content on the policy maturity date

I am irrevocably bound to accept the delivery of the vehicle as specified, with failure to do so incurring a cost of up to 10% of the purchase price of the said vehicle

I acknowledge Clear Lease is not responsible for delivery of the said vehicle
I have considered the appropriateness of the products offered based on my own needs

Ready to Proceed?

If you wish to proceed with your novated lease, please sign below and return by doing so you are instructing clear lease to order your new vehicle subject to your novated lease application being approved and vehicle availability. Please read and carefully check all the information within this quotation, clear lease will not accept any liability for costs arising from changing or modifying your order. By signing this quotation, you are confirming having read, understood and acknowledged its terms and conditions

Name

Signature:

Date:

Company Name:

Your Name:

Job Title:

Signature:

Date:

Reference: {{quote.quote_id}}

Quote is Valid for 14 days from {{quote.quote_date}}