Motor vehicle leasing

The University strongly encourages staff members to seek independent financial advice if contemplating motor vehicle leasing.

The following information should be read in conjunction with the Motor Vehicles  Guide to employees (pdf).

The Approved Vehicle Listing  has been prepared as a guide for you to make a decision on the type of vehicle that best suits your needs.  The list may not include all vehicles available under the scheme.  The Salary Packages Officer can be contacted with any enquiries.

The motor vehicle arrangement is provided to employees on a strictly 100 percent private-use basis with all costs including Fringe Benefits Tax met by the employee. The University will administer the arrangement and charge a one percent fee based on the pre-tax fortnightly payroll deduction.

The motor vehicle lease arrangement is based on a fully maintained operating lease. This means all scheduled servicing, fuel, insurance, registration, tyres and auto-club membership are included for the term of the lease. Vehicles are also covered by manufacturers' new car warranties. The lease contract also includes all fees and charges associated with the supply of vehicles from the lease provider. Fringe Benefits Tax payable on employer provided benefits is included.

 

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