How To Calculate Csa . This amount is. 14 sets of tyres X $850 per set = $1,819/5 years = $363. From there, you can use the novated lease calculator with a balloon payment (or residual. In our Novated Lease calculator we use this measurement to calculate each fuel budget; (Litres/100kms) X (Your annual kms travelled/100) X (Average fuel cost per litre) = Fuel budget. This is the only payment which GST will apply to, saving you up to $5,000 on the total value of the car; Using a novated lease calculator you can work out what your repayments will be and how long you'll have the lease for; Finance Lease If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit. Well it’s sometimes referred to as a “balloon payment,” and it’s a lump sum of money that you owe to the finance company when the term of your lease is finished. A three-way salary packaging agreement between you, your employer and a financier, it’s convenient and hassle-free – and great for budgeting. residual amounts also need to be paid with post-tax dollars. The ATO provide a scale of Residual Value ‘minimums’ (these are not set in stone in fact). From $232 per week. A novated car lease is an arrangement between three parties – an employee, their employer, and a finance company – wherein the employer agrees to make car lease payments to the finance company from the employee’s pre-tax salary (a form of salary sacrificing). GST) has been included in your operating expenses. Employer Solutions Provide employees the opportunity to salary sacrifice their vehicle. Streamlined Administration: Embrace a hassle-free experience with all administrative tasks managed efficiently by the us your novated leasing provider. Head office. So for a novated lease to not be worth it, the interest, fees and balloon payment (with one year depreciation) would. when the lease ends there is no balloon payment as the car never ceases to be the property of your spouse (an operating lease is a better comparison here than novtated lease). One of the key benefits of a novated lease is the convenience of bundling the vehicle running costs together with the cost of the car – and it makes good sense for people who travel a consistent distance annually. $25,000. For an employee earning a salary it's the smartest way to get a new car. This is the most used novated lease where both the purchase price of the vehicle (as well as any finance costs such as fees and interest) and its running costs (such as fuel, services, registration and car insurance) will be calculated into the repayments your employer takes out of your pre-tax salary. 15,000 X 5 = 75,000kms /35000 = 2. Running cost calculator. Unlike other car leasing arrangements, a novated lease involves an employee and their employer, in addition to the financier. Sets of tyres required X Cost of the set / years of lease = Total tyre budget per year. Model Y Performance $100,206. Use our novated lease calculator to find out how much you could save on a new or used car with a novated lease from Flare Cars. This repayment is calculated with an interest rate of 3. Novated leasing isn't free, your employer might offer it to you as a "benefit" but someone's paying for it, and that someone is you, you'll pay for it through the following: a. This option, helps our time-poor customers, into their new vehicle quicker. SG Fleet has been providing fleet management and leasing solutions in Australia for over 30 years. There’s no need to get a car loan or borrow against your mortgage. Request a quote and we'll secure our very best price on the car you love. Our car broker can also assist you on sourcing the vehicle. Find out how much better off you'll be with a Fleetcare Novated Lease. com The final residual balloon payment is a major consideration when considering the potential savings under a novated lease. A novated lease can also be a great option for those looking for convenience and time-saving. With a Novated Lease, the lease, running costs of the vehicle and Fringe Benefits Tax (FBT) are deducted from your pre-tax earnings, and PAYG income tax is calculated on your reduced salary. Novated Lease Calculator. That’s why we also offer a range of competitive hire purchase options including structured. au experts on 1300 889 669 today. If you purchase the vehicle on termination of the novated lease, GST will apply on the purchase price you pay at that time. Balances. Vehicle. This means that the payments for the first two months are $0. See your participating Kia dealer for full terms and conditions. 6 Balloon payments Credit & Responsible Lending Requirement Balloon Calculation Consumer, Individual Commercial and Commercial Only (for Novated Leases see RV below) A balloon is a lump sum payment that is owed to Macquarie, due at. Select a car type, then use the sliders to input car cost, gross salary and other details. Lease rentals are normally fully tax deductible and treated as lease repayments and interest. 88% ($14,064), your estimated novated lease payment would be $536 per month However, if you choose a Hyundai Tucson with a value of $48,000 for the same term and residual percentage ($22,502), your monthly payment will jump. Your monthly repayments will be lower than if you had no balloon, however you will still owe the lender $10,000 at the end of the five-year term. 5%, the vehicle will travel approximately 20,000km’s per year, the mortgage rate is 4% and the lease rate is 6. so are not subject to tax (in reality, novated lease payments are often made with a combination of both pre-tax and after-tax dollars). You can extend the lease on your current vehicle and continue to save. A monthly fee for the management of. Specialised Car Loans. . Firstly, enter the purchase price of the vehicle you’re looking to buy. 5k difference. The LCT threshold for ‘fuel efficient’ vehicles will be raised from $84,916 to $89,332, and the LCT threshold for all other vehicles will increase from $71,849 to $76,950. A novated lease balloon payment calculator will show you how much your monthly payments will be based on the terms and length of your lease. You don’t pay GST on the cost of the vehicles leased through dealerships and you could also save on tax dollars, as your employer makes the finance payments, and running costs if selected, from your pre. The Treasury Laws Amendment (Electric Car Discount) Act 2022 [1] has exempted eligible EVs (priced below the luxury car tax threshold for fuel-efficient vehicles, which is $89,332 for the 2023-24 income year) from Fringe Benefits Tax (FBT) along with the removal of the 5% tariff, which can lead to significant tax savings. This can effectively reduce your taxable income. 00 (incl. Both refer to paying a lump sum at the end of a car loan, but they serve different purposes. Total monthly payment. Using our buying power, you can provide thousands of annual savings. I know that I will need to make the residual payment. You don’t have to wait until the end of your lease to extend it. You should expect to pay several fees when you lease any car—some of which may be negotiable. It sure can. The residual payment on a novated lease works in much the same way. Novated lease calculator. A novated lease involves a three-way agreement between you, your employer, and a novated lease provider. You pay no GST on the vehicle purchase price, on fuel or on service and repair costs. The Easi novated lease calculator will provide you with an estimation of your savings per year and cost per fortnight. Acquisition fee: As with most loans, there are administrative costs associated with. Finance brokerage. All your lease payments and vehicle running costs are paid from your RemServ novated lease account using a combination of your pre and post-tax salary. Pay the balloon payment to finalise the loan and take full ownership of the car. low to no payout penalties. 37% of original amount financed to enjoy discount at the presently higher tax bracket - hence achieve more saving. Choose from our range of car finance options. Novated Car Leasing 101: Your guide to owning a car of your choice. as i look at the lease calculator and its saying that its paying roughly for the $70k price. Lease Term. Calculate your savings today!We do it all for you. The only other thing to watch is FTB. It is called a "balloon" because it is very inflated compared to your other payments. Minimum residual value as a percentage of cost = 75%− [ (75% / Effective life ) ), the car’s residual value may also be a significant factor in determining the regular lease payments, and the final payment required to buy the vehicle outright, if you decide to purchase it at the end of the lease term. Supports extra payments and user selectable dates. Under both forms of partial novation arrangements, the finance company is making a taxable lease to your employee. Re-leasing the car – that is, begin a new novated lease to pay the residual amount. With a novated lease, your car payments come out first, and then you pay tax from what’s left – which is a lower taxable income and therefore you pay less tax. Finance for Toyota Corolla, Camry, RAV4, Prado, Kluger, Landcruiser, HiLux and more. If you only want to use a car for a limited time, you may opt for an operating lease. The residual, or balloon, payment is an amount calculated by the ATO at the end of your novated lease and represents the outstanding amount of finance required to purchase the car fully. 52 GST) = $25,055. Calculate. An indicative annual vehicle management service fee of $275. Taxable Income (with a Novated Lease): $112,728 (Tax Payable = ~$27,103) So before Lessor interest and fees, I have saved $2,728 on the car price (due to GST elimination) as well as $9,764 on tax, for a total saving of $12,492. Low rate secured car loans. 63% residual. The novated lease is for $15,000 with a 3-year term at 5% interest with monthly repayments. The vehicle may be sold or re-leased to payout the residual value at the end of the lease term. 00. On a $44,000 car that’s a $4,000 saving straight off the bat. 80 per year. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. 4 Year term - 37. My workplace has offered a novated leasing through Kooya for a new car. To achieve parity between employees. So if you save $65 each fortnight you can avoid “bill shock” at lease-end! what is a novated lease? novated leases can be a brilliant way to buy a car. However, she’s hoping to save for an oversees holiday next year. Five years of fortnightly pays equals 130 pays. so over a 3 year period, not only does he fork out $65k, at the end the company still claims he owes another 35k if he wants to buy the car. A Hire Purchase is a rental agreement that differs from a Finance Lease in that the motorcycle automatically becomes yours once all terms of the agreement have been completed. 25 Annual Fuel Budget. 63%. You can structure your car leasing calculation based on a specified loan term (length) in months or years, amount borrowed (financed), specified. By using a novated lease you can salary sacrifice to buy a car. Novated leasing through RemServ could be a convenient and tax-effective way into your next car. Sweet deal! Your novated lease repayments are deducted every pay. This comparison shows the cost financing and running a vehicle over a 5-year period with a novated lease, car loan or paying for it outright with cash. (choose from 1 - 7 year loan term) and. The Australian Tax Office has rules and. You choose the car you want and all the estimated costs to keep that car running are bundled into an agreed, fixed payment that's deducted from your salary. Request a quote Book an appointment. A 50% balloon payment of $25,000 would make for monthly repayments of $575. Balloon payments are usually capped at a maximum 50% of the total loan amount. This value is set by the ATO as follows; 1 Year term, has a residual value of 65. Check out these additional loan scenarios: Want to know what periodic payment will result in a specific final balloon amount? See full list on caranddriver. Vehicle age – max 12 years at end of term. Then at the end of the term, it becomes due as a final payment of sorts. Finance rate of 'buy outright' vs 'novated lease' I tend to find novated leasing companies charge a higher interest rate then one can arrange themselves. Two years allows 45% depreciation offset against 40% FBT (2x20%). the next step: the end of your lease. This is often very clearly stated in a novated leasing quote, however worth asking if you can’t. You simply choose a vehicle; ORIX will then use its purchasing power to get you a great price. 72 a fortnight and more than. Calculate now. In our Novated Lease calculator we use this measurement to calculate each fuel budget; (Litres/100kms) X (Your annual kms travelled/100) X (Average fuel cost per litre) = Fuel budget. Let's say you choose a Mazda CX-5 with a purchase price of $35,000. At no cost and no risk for employers, this is a great retention and attraction tool allowing businesses to effectively give staff a pay rise, without any additional expenses. Toyota Australia acknowledges the Traditional Owners. 67%. As the constant payments go up, the balloon payment falls linearly to zero. That would typically demand $746. From the 1 st of July 2023, the federal government will increase its Luxury Car Tax (LCT) thresholds helping many Australians save thousands on the price of a new vehicle. As the funds in your novated leasing account are considered to be pre-tax money, they. How novated leasing works. Call 1800 277 387 (1800 ASSETS) 8am-8pm, Mon-Fri (Sydney/Melbourne time) Find your nearest business banker. The period of the lease can vary between one to five years. The Easi novated lease calculator will provide you with an estimation of your savings per year and cost per fortnight. It has little to do with the actual value of the car itself. 25 Annual Fuel Budget. The above example is exactly the same for all your expenses. $6. Here's a few novated lease examples to help you understand how it lets you save. But there is another option; a novated lease. Contact us. Before your lease ends, we will be in touch to discuss what you. Fees and charges payable. Loan Balance Chart. These factors include: The length of the lease: Keep in mind that the length of the lease can impact your monthly payments, so it’s important to choose a term that fits your financial goals. The employee has the risk for the residual value (balloon payment); and; Under a novated lease, a combination of pre and post-tax amounts are taken from the employee’s pay to cover the lease costs (and sometimes also running costs), as well as negating any resulting fringe benefits tax (FBT). Our car rental alternative takes the stress out of traditional ownership. Mary signed up for a three-year secured car loan with a 7. With MYOB’s novated leasing, you can get the car you want with no finance deposit, and bundle up all your vehicle finance and running costs like fuel and maintenance into one convenient payment. Buy from: $84,462^. You can make your repayments from your pre-tax salary with approval from your employer under a ‘salary sacrifice’ arrangement. com. Your income tax is then calculated on your now reduced salary, meaning. Say you borrow $30,000 at a rate of 6% p. 50%. Get into the car you love for less. Novated leasing. With a car salary sacrifice agreement and employer contributions, Ben’s taxable income is reduced to $74,106. A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your car loan's term. Balloon payment = $50,000; Constant Payment = PMT(r = 6%/12, nper = 12*10, pv = -200,000, fv = 50,000) Constant Payment = $1,915. There can be a balloon payment at the end of the loan term. 5% interest rate. if you’re leasing your ride, then this means that funds within your novated lease account can’t be put. There are even advanced options to select the state of registration and information about the employer. About Us; Calculators; Claims; Qld Gov Novated Lease;Novated leases are suitable for most Australian employees (they’re certainly not just for high fliers) and the vehicle can even be for 100 per cent personal use. Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Residual value $12,500. The amount that you don’t pay is the residual, and this is owed at the end of the novated lease. Novated operating lease. A novated lease is a finance arrangement used with salary packaging. 3 Year term - 46. In comparison to purchasing a car via a consumer finance loan which involves two parties – the seller and the buyer, novated leasing. Car subscription offers most of the benefits of a novated lease with the flexibility of a week-to-week plan. Employer – the organisation you work for. Novated lease calculator Suggest us to your employer Plans. HelloCars Subscription is the more affordable and flexible alternative to a novated car lease that allows you to drive for an affordable week-to-week payment. Information. How Are Novated Leases. These calculations and illustrations do not represent or replace professional finance and tax advice. At the end of the lease, there will be a residual (also called balloon) payment due to the financier, which is based on the original purchase price and lease term. Now print colorful charts. As Queenslanders serving Queenslanders, we’re all about helping our customers understand the benefits of novated leasing – and how salary packaging a car could be a great way of making your money work for you. This is called a salary sacrifice or salary packaging arrangement and it means you end up paying less tax on your income. 8k. 25%. An ORIX Novated Lease offers flexibility, transparency and our expertise to help you maximise the benefit you receive. Borrow up to $150,000. Vehicle Solutions – Simple, competitive and transparent Novated Lease option for employees Australia-wide Tristen 2023-11-16T16:29:41+10:30Full terms and conditions will be included in our loan offer. So when you make that balloon payment at the end, that's the sale to you for it's value at that time. 13 per annum. through a deed of novation, the car is leased to you under a finance lease, while your employer is assigned the novated lease. Choose from weekly, fortnightly, or monthly loan repayment options. Mazda 3. Salary Package Calculator; Vehicle Offers. See a full breakdown of novated car lease savings - and start saving today!A chattel mortgage is a common way Australian businesses finance cars. These payments are made at a set agreed rate over the period of your choice (you can choose between 1 & 5 years). You won’t even have to wait to start saving – immediately save thousands in GST on the purchase price and then even more savings when running it! So, make that dream car a reality. 1. novated leases are easily one of the most cost-effective ways to buy a car in australia. also known as a balloon payment, is an amount that is agreed upon at the beginning of a lease agreement, which represents the anticipated value of the vehicle at the end of the lease. CarMoney Used Car Loan. 25. Click here to estimate how much you can save today! Essentially, a novated lease means that your employer is a party to your purchasing agreement, and allows you to pay for your vehicle as part of your salary package (handily saving them some money as well), by paying your car payments for you out of your pre-tax earnings. Balloon Payment Calculator. Under a Westpac novated lease arrangement, Billie could save $4,700 a year in income tax, an equivalent of $23,000 in savings over five years. Additional Tax savings. You may have heard of the residual, or balloon payment, at the end of a novated lease. In our Novated Lease calculator we use $500 as a miscilanious for the fuel cost because we have. Body type. Any difference is yours to keep, tax free. We're RemServ. The Residual Value is your novated lease payout figure at the end of your lease agreement and is inclusive of GST. The Administrator. Both refer to paying a lump sum at the end of a car loan, but they serve different purposes. Without you lifting a finger, your employer makes the payment to Clear Lease and our team then. 15,000 x 5 = 75,000kms /35000 = 2. , with a residual value of 46. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. 91. Generally, the longer the lease, the smaller the residual payment at the end of the lease. com. Both deals also feature a five-year term with an interest rate of 6%. The car and operating costs do attract GST, but LeasePlan claims the. A 40% balloon payment of $20,000 would make for monthly repayments of $649. Just give us a call and we can discuss. MYOB’s novated leasing is a car financing arrangement between the employer, employee and a lender, powered by Flare. com. 15,000 X 5 = 75,000kms /35000 = 2. Weekly costs have been determined based on the following assumptions: 1) The lease is a RemServ fully maintained lease, 2) a 5 year term, 3) a residual value of 28. However, some lessors do not require. I rolled negative equity onto the last 2 or 3 and was lucky not to have a balloon payment at the end because when I handed the keys back, I got lucky that the used car market was hot as hell. What will a car cost me from my current take home pay (after tax)? A good Novated Lease calculator will provide this information up front. When using any Novated Lease calculator, it's crucial to know what's included and what's not. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. To calculate how much will be deducted before tax you need to do two separate calculations; Total vehicle annual running cost minus the FBT employee contribution = $5,800. If you have a five-year lease, your residual percentage would be 28. With a novated lease the calculation has two extra components. GST on the above $5,800 = $5,800/11 = $527. GST on the above $5,800 = $5,800/11 = $527. Second year I shopped around and got the same coverage for $300. Rental Payments; Calculators. It represents the remaining (residual) value of the vehicle at the end of the lease term. This calculator has not taken into account any FBT exemptions you may be entitled to as a result of. Salary packaging a car, also known as a novated car lease, is one of the easiest and most cost-effective ways to buy and run a car. Moreover, you can check the monthly or yearly balances in the amortization schedule with the balloon payment at the end of the repayment term given. 63% of the purchase price ; 2 Year term has a residual value of 56. 82 per month. With our Car Lease Calculator, you can calculate your lease repayments to match your pay cycle. 51. After your final monthly payment, you pay a lump sum of £5,000 to the lender and the vehicle is all yours. In the meantime, learn more about Flare Cars by downloading our comprehensive brochure. 5% interest rate. 550 / 100 = 5. Constant Payment. 5. If you. com. Some great info. Plus, the calculator also includes an option for including a monthly prepayment amount, as well as an option for displaying an amortization schedule with the results. Now you can compare all FBT exempt EV's, then calculate the cost of any EV to your current take home pay in seconds, EV Novated Leasing. Use our novated lease calculator & see for yourself. They can extend the lease for a further period. Once you receive a VIN, you will receive a copy of your final invoice in your Tesla Account. Unlike buying a car outright, with novated leases you save on GST, as it doesn’t apply to the product. Add in. most of the providers have online calculators. If you’re thinking about getting a vehicle but don’t have enough money saved, you might be considering a choice between taking out a car loan or a novated lease (also known as “salary. This one-off final payment can account for a large proportion of your car loan which means your regular car loan repayments are a lower. 17. 87. The employer makes the lease payments (rentals) on behalf of the employee. Reason #1: You can tap into your pre-tax income. Calculate. Using the ECM this will pay for a portion of the finance payment, rego, fuel, maintenance, tyres, insurance etc. A FleetPartners Novated Lease is a stress-free, cost-effective way to get, and run, a new or used car. Novated leases are leasing options exclusive to salaried. In a novated lease, the lease company owns the car, and you rent it from them. No GST. 5) X (15,000/100) X $1. A novated lease of the kind frequently used to package a motor vehicle benefit is a form of contract which is popular with employers and employees notably because it allows for of the legal portability of the lease. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. Novated lease for employers. Novated leasing is an ATO-approved way of reducing tax for both employers and employees. The residual value, also known as a balloon payment, is the payment required by the Australian Tax Office at the end of a novated lease term. a. See some more examples here or estimate your own tax savings with our novated lease calculator – it’s free and gives you your results in a few clicks. 24% and weekly repayments. Salary Packaging Calculator. A novated lease is an agreement between you, your employer and SG Fleet, that lets you choose the car you want and bundle the finance and all the expected running costs into a single payment that’s deducted from your salary and saves you time and money. 00. If the value of the vehicle is. To submit a claim to Vero, contact the claim department on 1300 619 033, or via Vero’s app, Vero Drive Claims. 13% of $30,000, which in this case would be $8,439. A novated lease is a three way agreement (novation agreement) between an employer, employee and lessor (normally a bank or finance company), under which the employee leases a vehicle and the employer agrees to take on the employee’s obligations under the lease. The cost of a set of her tyres is $850. This car finance calculator helps you assess your monthly payments when using hire purchase to finance your new vehicle. This means that you don’t make lease payments for the whole car amount over the term of a novated lease. Once the lease ends, you will turn the car back into the financier or dealer. Novated Leasing A vehicle salary packaging solution where you can bundle your costs and save a packet! Electric Vehicles Make the switch to an electric vehicle with a Fleetcare Novated Lease. If you are getting a car loan with a residual/balloon payment, the loan balance will only reduce to the agreed residual amount. A 1 yr lease takes full advantage of the very high 35% depreciation allowed on the vehicle in the first year of the lease offset against the 20% FBT rate. On the average car loan amount of $34,827, according to Money. optional balloon payment at end of term. Sets of tyres required X Cost of the set / years of lease = Total tyre budget per year. If you have more questions regarding Balloon Payments, contact our CarFinance. If you opt for Hire Purchase or Car Leasing your payments are evenly spread. 15,000 X 5 = 75,000kms /35000 = 2. by striking up a deal between you, your employer, and your financier, you can easily save thousands of dollars over the course of your lease. Simply use our novated lease calculator to find your estimated savings and then get a FREE no-obligation quote on a vehicle of your choice. Plus you save an extra 10% as we can claim back the GST on salary packaged items. A = Total operating costs. Pros of novated lease. Why RemServ. If your novated lease term is 60 months but you want to terminate the agreement after 36 months, you have to pay the remaining 24 months. a. The longer your lease, the lower the residual payment will be. benefits of fingo's car finance. when this contract ends, you will need to determine a next step. At the end of the lease term there is a residual value amount owing, the value of which is set by the ATO as follows: 1 Year term, has a residual value of 65. Novated car leasing benefits for personal use. 5) X (15,000/100) X $2. 80 per year. The employee uses and maintains the car while the employer deducts the lease payments from the employer’s salary to repay the financier. Fleet Finance. After the term of the lease ends, the employee has three choices: 1. You keep the car you have on lease and RemServ works with you to establish a new lease and budget. Use this Car Lease Calculator to calculate monthly, fortnightly or weekly repayments on Car Lease (Finance Lease) agreement for a car or other passenger vehicle. Get an estimate in 30 seconds. Technically speaking, a novated lease is a three-way finance arrangement between you, your employer and Clear Lease. See our novated lease example and find out how novated leasing works. If you had a 50% balloon on a $50,000 vehicle loan, you'd have to pay a balloon payment at the end of the loan of. A novated car lease allows you to drive the car you want - any make. Making the balloon payment work for you. Novated Lease Calculator; FUEL SAVING CALCULATOR; 1300 303 357; Book A Consultation; Beyond Bank Login; Member Login; 161 Donald Street, Brunswick East, VIC 3057;. 5 year loan term: 40% balloon. Five years of fortnightly pays equals 130 pays. A before tax salary sacrifice amount and an after tax contribution towards the FBT to reduce the FBT to $0. Pay at least 10% less than other drivers, just like that. When it. 63% of the amount financed. Novated leasing; Novated leasing calculator; Car search; Novated lease How to get a novated lease Steps to get a novated lease; Lease used cars; Car trade-in service; End of novated lease; Salary packaging; Novated lease insurance; Novated vehicle accessories; Novated leasing FAQs; Driver support. The novated lease is for $15,000 with a 3-year term at 5% interest with monthly repayments. 00 (incl. Now you can compare all FBT exempt EV's, then calculate the cost of any EV to your current take home pay in seconds, EV Novated Leasing. Repayments are cheaper: Compared to a monthly car loan repayment, a monthly lease payment is often cheaper. ; 5) 60-month lease term; 6) calculated using the Employee Contribution Method (ECM); 7) Assumed residual value based on residual percentage outlined by ATO guidelines as 01. 13%. The Residual Balloon Payment Explained. 532668. The Lease Calculator can be used to calculate the monthly payment or the effective interest rate on a lease. Call 1300 73 14 29.