Think Leasing is the new generation of salary packaging. While having total transparency to customers, it provides zero fringe-benefits-tax (a.k.a. FBT). Think Leasing is all about more choice for buyers, such as where and how you purchase your vehicle.
The core finance product of Think Leasing is a novated lease, which is a three-way salary packaging (a.k.a. salary sacrifice) agreement between an employer, the financier and an employee.
The primary benefit of using Think Leasing is not only the money you can save by combining both the purchase and running costs, but also the way we lower your taxable income. By using pre-tax funds to finance the running costs of your vehicle, you will enjoy the benefit of significant income tax savings. Money that normally go to the ATO will instead be paying for your vehicle.
Yes, but Think Leasing management fees are fixed at $30 + GST per month.
With the inherent tax savings through competitive lease rates, anyone who’s employed and running a vehicle will benefit from a novated lease, regardless of your annual income.
With the tax benefits that come with a lease, you are likely to save when compared to purchasing a vehicle outright and arranging your running costs out of pocket.
Yes! Fuel can be one of the running costs that can be paid with pre-tax funds.
A new fuel card will be issued and sent to you. If you’ve had any fuel expenses while waiting, you can be reimbursed. Keep all receipts and fill out a designated reimbursement form for simple and easy processing.
A BETTER DEAL ON THE COS T OF YOUR CAR
We sell a large number of vehicles across different dealerships and different brands. At our dealerships, we can offer the best purchase prices and pass this discount on to you. When you finance a new car through Think Leasing, you won’t pay GST on the purchase price. That is an instant saving of 10% to begin with!
CONVENIENCE AND BUDGETING COSTS
We act as the administrator for your lease, making the process hassle free. You can elect to have all financing and maintenance costs of the car paid on your behalf.
Rather than paying large lumps sums out of pocket, e.g. registration renewal or an expensive service, let us take care of it giving you total peace of mind.
A novated lease is fully transferable, if you happen to change employers during the term of your lease, there are a few easy options you can choose from:
No you don’t, you can utilize Think Leasing to purchase a used vehicle as long as it’s less than 8 years old and/or less than 200,000 kms at the end of the lease date, whichever comes first.