Salary Packaging - FAQ
How do I start the process of Salary Packaging a Motor Vehicle?
Firstly and most importantly, you must consult with your Employer to agree to implement Salary Packaging (if a Salary Packaging policy is not already in place) as your Employer will take responsibility for the finance lease and associated operating expenses by means of a Novation Agreement. The process cannot proceed without your Employer’s authority. Motorpac will consult with your Employer if requested to discuss the Novated Lease process.
My Employer agrees to Salary Packaging, how do I start?
Contact Motorpac and one of our Account Managers will discuss with you your vehicle requirements and budget, to personally tailor your vehicle packaging costs. Once the appropriate amount to Salary Sacrifice is determined, we can advise you how much to budget for the vehicle purchase and organise a credit approval for the desired amount.
Are there any restrictions on the vehicle I intend to Lease?
The vehicle can be new, used or a demonstrator vehicle purchased from a licensed motor dealer and generally cannot be older than 9 years old at the end of the Lease Term. Motorcycles are excluded from our Novated Lease due to not being classified as a car for F.B.T purposes.
How do I pay for the vehicle expenses?
We will organise for you to be sent a Caltex Star Fleet Card and/or WEX Motorpass Card, which takes approximately 2 weeks from vehicle delivery.
The StarFleet card is used to purchase fuel from all Caltex & Woolworths fuel stations Australia wide. It will also be used to pay for routine maintenance and tyres. When you receive your Star Fleet card you will also receive a user guide.
A list of approved repairers and service station locations can be found on the Caltex website.
Simply go to www.caltex.com.au and click on the ‘Site Locator/Trip Planner’.
Accepted at over 90% of service stations, WEX Motorpass is Australia's most widely accepted fuel card. With over 5,800 locations available, you can take to the road with the confidence of knowing that anywhere you are, you won't be far from somewhere to fill up. To find out more, visit www.motorpass.com.au.
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Understanding Novated Leasing
Reduce Administration Burden: - A Lease & Asset managed Novated Lease relieves your organisation of the administration burden, as the employee pays our management fee as part of the
vehicle operating expenses.