What's in your $165/wk
Everything below is included. We tally it monthly and reconcile annually so the weekly number stays honest.
| Finance repayment | $98.84 |
| Fuel (Plus Visa Card) | $51.92 |
| Comprehensive insurance | $19.23 |
| Rego & CTP | $13.46 |
| Servicing (MG) | $6.73 |
| Tyres | $5.77 |
| Management fee | $6.92 |
| - Less income tax saved | - $37.87 |
| Net cost per week | $165.00 |
Your out-of-pocket savings
Compared to financing the same car on a 5-year car loan + paying running costs from your post-tax salary.
Car loan + cash
$222/wkNovated lease:
$165/wkYou're better off by $57 / week.
That's $2,964 a year. Over 5 years: $14,820.
Still saves you tax.
Finance and running costs come out of your pay before tax. FBT is covered by an after-tax contribution that’s already inside your $165/wk.
$52/wk · all fuel in
Fill up anywhere and pay with the Visa card. It’s bundled into the one pre-tax payment.
5.7 L/100km
Combined cycle. Around 880 km from each 50 L tank.
FWD · Continuous Variable
84 kW / 150 Nm
5.7 L/100km
5 seats · 4 doors
Petrol
205/55 R16
10 yr / 250,000 km
Full specifications
| Drive away price | $21,700 |
|---|---|
| Body type | Sedan |
| Fuel | Petrol |
| Engine | 1.5 L · 4 cylinders · 1,498 cc |
| Power | 84 kW |
| Torque | 150 Nm |
| Transmission | Continuous Variable |
| Drive | FWD |
| Fuel consumption | 5.7 L/100km |
| Fuel tank | 50 L |
| Seats | 5 |
| Doors | 4 |
| Kerb weight | 1,260 kg |
| Wheelbase | 2,670 mm |
| Front tyres | 205/55 R16 |
| Warranty | 10 yr / 250,000 km |
How do you want to move forward?
We’ve drafted the email for you. With this car in it.
Most employers say yes within 48 hours. We’ve made it un-awkward – copy the email, send it, we handle the rest.
Subject: Quick HR thing - novated lease
Hi Sarah,
I've been looking into a novated lease for the MG MG5. It works out at $165/wk all-in and there's no cost or admin overhead for the business - Positive SP handle everything. I've attached a one-pager…
Or one of these in the same space
Any make, any model. Yes, including the second-hand one your mate's selling.
