Elite’s salary packaging solutions are based on an end-to-end service capability meaning all costing is inclusive of vehicle quotes, finance, insurance, maintenance and management. This is captured and reported using Elite’s purpose built Salary and Vehicle Analysis system, SAVY®.
Employer benefits of packaging
- Simpler, more cost effective motor vehicle administration
- Reduced motor vehicle administration time
- Reduced payroll tax
- Reduced Work Cover expenses
- Attract and retain preferred employees through improved net income and flexibility
- No motor vehicles on balance sheet affecting borrowing ratios
- No unwanted vehicle problems when employees leave
- Improved motor vehicle and FBT reporting
Employee benefits of packaging
- Choice of vehicles
- Choice of finance term and residual
- Potential income tax savings increases net disposable income
- Portability of lease when changing employer
- Retain control of vehicle
- Retain profit in resale
- Actual costs rather than inflated projected costs reduces the vehicle cost in the package (unused portion of package allocation is returned to employee rather than the finance company or fleet manager)
- Option to change over the vehicle when it’s most suited rather than being tied into the employers finance term