Novated Lease Management

How do I pay for fuel and how is it calculated?

After the delivery of your Leased vehicle, Interleasing send you a Starcard to use for any fuel purchases. This can be used at any Ampol, Caltex or Woolworths/Safeway fuel sites. Interleasing has negotiated a national fuel purchase agreement with Caltex and Ampol that offer attractive discounts at over 2,000 retail sites Australia wide.

These discounts are reflected in the cost of fuel to your Interleasing Novated Lease and you can monitor this through your monthly statements.

Budgeted fuel usage will be provided in the vehicle package and is calculated by:

Formula
( Fuel Price x Fuel Consumption x Annual KM’s ) / 100

Fuel Price
Cost in Cents per Litre (estimated average over lease life)

Fuel Consumption
As displayed on vehicle (plus 10%)

The odometer and fuel readings collected from the fuel data allow us to report to you the difference between the budget fuel amount and actual usage. It also assists us to monitor your FBT liability.

If actual costs vary significantly from budget, we will notify you and your employer and arrange the appropriate budget modifications. This provides you with the most cost effective means to control fuel costs and your employer with a simplified approach to payroll deductions.

How do I have my vehicle maintained?

Maintenance is the Scheduled and Unscheduled repairs to a vehicle and do not include the costs associated with the restoration or rebuilding of a vehicle.

Our extensive network of maintenance partners allow us to:

Negotiate substantial discounts on labour rates and spare parts
Ensure that only the required maintenance work is completed by the service provider, therefore preventing the completion and charging of unnecessary maintenance
Enforce and extend warranty claims
Accurately forecast service and maintenance costs, which are factored into lower monthly charges
Offer a broad repair and service network to minimise inconvenience when vehicle servicing is required
Ensure the use of like-for-like manufacturers specified parts thereby protecting the future value of your vehicle

These factors, combined with the use of our approved repairers, prevent over servicing whilst maintaining vehicles to a high standard, thereby protecting the employee’s investment in the motor vehicle.

How do I arrange for my tyres to be replaced?

Our policy regarding tyres is that in order to maintain consistency, performance and safety, we require ‘like for like’ tyres to be fitted. The cost of Tyre replacements is calculated using this method.

Under a Full Budget Lease, you can nominate the tyre make and type however the cost for these will need to be taken into consideration in the quote. You can also nominate the tyre make and type after delivery and an adjustment can be made to the Full Budget Lease.

Our nominated tyre supplier is Bob Jane T-Marts. Should they not stock the required tyres, you will be able to contact us directly for assistance.

How do I have my registration & CTP renewals paid?

A Interleasing Novated Lease includes the cost to renew registration and CTP insurance in the monthly lease amount. In states where CTP can be purchased separately, our buying power can achieve very competitive rates.

We identify upcoming registration and CTP renewals well in advance of their due dates and arrange renewal. However it is your responsibility to ensure that the vehicle is registered at all times.

With a Finance Lease the vehicle is registered in your name however the postal address will be ours. With an Operating Lease the vehicle is registered in our name and the postal address is also ours.

This ensures that the Registration Renewal occurs in the most efficient manner. After renewal, the current Registration label is mailed to your home address.
Should we receive parking or traffic infringements for your vehicle, we will have these redirected to you for payment. Fines and infringements are not considered by the ATO as a vehicle operating cost and as such are not able to be part of the Novated Lease.

What do I need to do if I need to replace my windscreen?

Should you select our Comprehensive Insurance offer, one windscreen per year is incorporated into this coverage and is excess and cost free.

Should you select your own Comprehensive Insurance cover, you will need to investigate windscreen coverage directly with the insurer.

Should you break or damage your windscreen, our supplier is O’Brien Glass

Am I able to transfer my lease to a new employer?

Yes, Interleasing can arrange for a Deed of Novation to be signed with your new employer provided they agree to our standard documentation.

Can I add any accessories to my car after delivery?

It is very important that you establish the options and accessories you require prior to the establishment of your Novated Lease. By doing this, all options and accessories can be funded as part of the Lease and the correct calculations are made for Fringe Benefits Tax.

You are not able to claim a reimbursement from your lease for any options and accessories as the ATO do not deem them to be Operating Costs.

Your Interleasing consultant can provide you with guidance on this matter.

What happens if I don't travel much for business?

The FBT Statutory Formula Method doesn’t require you to differentiate between Business and Private kilometres. In fact, it assumes that all the kilometres you travel are for Private purposes.

How will I know if I am overspending my budget?

A standard feature of a Interleasing Novated Lease is that you will be provided by e-mail each month a detailed report that shows you:

Actual expenditure vs Budget
Details of actual expenditure on Fuel & Operating Costs
Your current and estimated FBT kilometre position
FBT Budget vs Projected FBT Liability

Should any of the above be significantly out of balance, Interleasing will make contact with you directly to determine whether a Lease modification is required or whether the outcomes are a result of unusual vehicle expenses and usage.

Contact us

To discuss any aspect of the Interleasing Novated Program or to obtain a tailored Lease Quote, please contact one of our Lease Consultants by any of the following:

Telephone: 1800 980 500
Fax: 02 8899 4874
E-mail: enquiry@motorvatevp.com.au

Once you have established direct contact with one of our consultants, that person will be your individual contact throughout the entire Lease set up process.