Associate Lease
Information
Discover how much you could save
Salary Packaging lets you use your Salary (for benefits) before it is taxed, reducing your taxable income & saving a portion of the GST.
Step 1
Calculate your savings.
Step 2
Submit form to get a quote.
Step 3
Review and agree your final quote.
Step 4
Sign off to Start Saving.
EquiLease
– Save $’000s on a car you own
EquiLease allows you to salary package a car you already own, through a sale and leaseback arrangement.
FAQs
No, there is no age restriction
You sell your car to Lend@bility, who pay the purchase price to you monthly, over the period of the lease. Lend@bility then lease the vehicle back to you and you pay the rental in pre-tax dollars, deducted from your pay.
You can package your vehicle running costs and the lease rental on the vehicle
The ATO defines a the residual value of the vehicle based on the term of the contract, implying that would be the value of the vehicle at the end of the term. At the end of the term, Lend@bility still owe you the residual and you owe Lend@bility the equivalent residual. We exchange and you keep your car.
You can save thousands each year in tax and through fleet discounts
Associate LEASE
– Save $’000s on a car you partner owns
An Associate lease allows you to salary package a car your partner or spouse owns, whether still on finance or not, through a lease agreement.
FAQs
Yes, the vehicle should not be older than 10 years
Your partner or spouse would lease the vehicle to your employer and they would pay the lease amount to your partner or spouse from pre-tax dollars, deducted from your pay. The lease amount is then paid to your partner or spouse.
You can package your vehicle running costs and the lease rental on the vehicle
Yes, the money received by your partner / spouse is included in their tax return and can be reduced by the depreciation on the vehicle, usually set at 15% per annum.
Your partner / spouse will need to register an ABN
You can save thousands each year in tax and through fleet discounts
