Fuel prices are biting harder than ever – but if you’re filling up through a Paywise Novated Lease, the price you actually pay is far lower than what’s printed on the bowser.
Because fuel is paid using pre‑tax salary and without GST, your real cost per litre drops by nearly 40%!
Let’s break that down.
Why Petrol costs less with a Paywise Novated Lease
With a novated lease:
- You don’t pay GST on fuel
- You effectively only pay the aftertax cost of the GST free amount
No discount apps. No queueing on cheap Tuesdays. No loyalty cards.
Just real savings, every time you fill up.
Real Example Based on a $75,000 Salary and $2.40/L Fuel Cost
- Without a Novated Lease – you pay: $2.40 per litre
- With a Paywise Novated Lease – your real cost: $1.48
You save 92 cents per litre!*
What 92c saving means over a year
If you use 50 litres per week:
Weekly saving:
$0
Monthly saving:
$0
Annual saving:
$0
That’s a holiday. Or a chunk off your mortgage. Or just less pressure week‑to‑week!
*Based on marginal tax rate of 30% plus Medicare Levy of 2% on Salary of $45,001 – $130,000. The higher your tax bracket, the more you save!
Petrol savings are just the beginning
The savings we’ve highlighted here relate only to fuel – but with a Paywise Novated Lease, you can use your pre‑tax salary to cover all your car’s running costs.
That includes:
- Finance payment
- Registration
- Insurance
- Servicing
- Tyres
- Roadside assistance and more
So while saving 92 cents per litre is a huge win on its own, it’s actually just the start when it comes to a Novated Lease!
When you salary package the entire cost of running your car, the tax benefits multiply – and the savings become even more meaningful across the year.
Why Choose a Paywise Novated Lease?
With Paywise, you get:
- Mate‑level care from our local team
- Fastest response times imaginable
- Hassle‑free salary packaging
- The ability to package fuel, rego, servicing, tyres, insurance, and more