You can change the lease early, but will still be liable for the current lease before starting a new one.

If you leave your employer, you must notify StreetFleet in writing immediately. The Novation Agreement with your employer will be terminated and you become the lessee of the vehicle. This means that you will become responsible for making all lease payments. You may also contact us on 1300 273 359 to discuss alternative arrangements such as transferring the Novated Lease to a new employer or paying the lease out early. StreetFleet will provide your employer with a package reconciliation that includes FBT to assist them in preparing your final payment. As some costs may not be known on the date the novation is terminated, it may take up to 5 days to complete the reconciliation to calculate your final payment or refund.

FBT is a tax paid by employers on some benefits provided to their employees. This tax applies to your lease, however electric and plug-in hybrid vehicles are exempt as long as they meet certain criteria.

FBT is calculated as follows: ($30,000 {FBT Base value} x 20% {Statutory Method Percentage} – $0 {Post Tax Contributions ECM}) x {Days/365} {number of days held/in FBT year} x 47% {FBT Rate} x 2.0802 {Gross up Factor} = $5,866.16 FBT payable

Only permanent employees with a good credit history and whom have completed any probationary employment period are eligible for a novated lease. Contractors are bound by the contract period and can only have a lease term as long as their contract period e.g. if you have a 3 year contract and you have been employed under this contact for 2 years, you can only enter into a Novated Lease for the remainder of the contract term, being 1 year. Our standard terms and conditions apply.

If your vehicle is written off, the lease will need to be finalised, with a final payment as determined by us and is then terminated. If your insurance payout does not cover the finance payout, you will

have to make the shortfall / gap payment to us to finalise the lease. Gap insurance covers you for this event up to certain limits. Please refer to the product disclosure statement (PDS), which is made available with the initial lease quotation or by visiting streetfleet.com.au/insurance. Depending on policy terms and conditions, and if your insurance covers your new replacement vehicle, we may be able to continue the lease with the replacement car.

All leased vehicles must be comprehensively insured. StreetFleet will arrange insurance through our preferred supplier at competitive rates with features designed with Novated Leasing in mind.

If you end up driving more or less than you estimated, contact us to adjust mid-lease. Any unused funds can be given back to you or put towards next years costs.

A novated lease allows you to use pre-tax dollars to pay for your car’s repayments and many of the running costs that you’d ordinarily have anyway – including registration, insurance and servicing – which could lower your taxable income while delivering a whole lot of budget convenience.

StreetFleet’s Novated Lease products include an accident management service. Simply call our office and we can assist you to deal with the accident, make an insurance claim, have the vehicle repaired, etc.

No. The ATO guidelines state that tolls and parking infringements cannot be included in a Novated Lease.

On average, a vehicle typically drives around 40 kilometers per day.

If your employer is interested in providing charging for employees, please contact EVSE to arrange a consultation with your building manager. Charging systems can be installed in as little as a day (site-dependent) and will suit all domestically available Plug-in Hybrid Electric Vehicles (PHEV) and full Electric Vehicles (EV).

Fully charged in 5-8 hours depending on the power of your charger. Enough for overnight.

Three months prior to the end of the lease term, we will contact you to remind you that the end of your lease term is approaching and outline the alternatives that are available to you. You may choose to either trade in your current vehicle for a newer model, refinance your remaining balance into a new lease, or pay out the final amount owing and own your vehicle outright.

To determine the appropriate charger, consider your home's power supply and your vehicle's charging demand. This ensures you select a charger that meets your specific needs efficiently.

We will ask you to sign a Privacy Statement which outlines how we use your personal information. This includes disclosing information to a credit reporting agency, your employer and the dealer to the extent each of them needs to know the information or to undertake a search of your credit history. We may also use your details to tell you about our products and services in the future.

YouNovate is a novated lease retail offering from industry leader StreetFleet. With over 25 years of expertise in the novated leasing space, the team at StreetFleet offers dedicated one on one consultant service to ensure you are supported on every step of your novated lease journey. StreetFleet is 100% Australian owned and operated, and is part of the One SMG group of companies.

You can choose a used vehicle as long as it is less than 12 years old when your lease ends. You must also purchase the vehicle from a licensed dealer.

The average charging time for a regular user ranges from 1 to 2 hours per day.

80-90% of charging is done at home, as this is where your vehicle will spend most of its time. Most EVs come with a home charger (except Tesla), which plugs into any standard 10-amp home powerpoint. Charging Speed: 10km/hr of charge (Overnight Charging) If you feel this will not be enough based on your daily travel, EVSE (StreetFleet’s recommended supplier) can install a high capacity 15 amp charger and this will increase your nighty recharge to approx. 200 kms.

Destination Charging Stations

Destination Charging Stations (Café, Shopping Centres, Etc.) Many venues offer free (and some paid) charging stations where you can recharge while shopping or dining. Most of these stations do not come with a charging cable, but you can purchase a Type 2 charging cable from EVSE (evse.com.au) starting at $176 for a 32A single-phase cable, or $220 for the faster charging 32A three-phase cable. You may need to download an app to start charging - some common apps are Exploren & Chargefox. Charging Speed: 40-80 km of range per hour

Public Fast Charging

Examples include Tesla, Chargefox, and NRMA, which are ideal for longdistance travel and will satisfy about 10% of your charging needs. These stations range from 50 kW to 300 kW of DC power and can fully charge your EV in under an hour. No need to bring your own cable, as all DC chargers have permanently attached charging cables. You will need to download an app to start charging, some common apps are: Exploren & Chargefox. Charging Speed: 250-600 km of range per hour

Luxury car tax (LCT) is a 33% tax on any luxury vehicle as determined by an ATO nominated value. Currently 2018/2019 the LCT limit is $66,331 so any vehicle with a value above this amount will be taxed at 33%. For ‘green’ vehicles this limit has been increased to $75,375. Taking out a Novated Lease on a vehicle above this limit can have an additional impact on your salary (over a nonluxury vehicle) as the tax treatment changes for vehicles above this limit. We strongly recommend you speak with a financial advisor or tax professional if you are looking at a Novated Lease on a luxury vehicle.