You Could Save:

TBA / year

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Your Ride

How many days per week will you ride to work?
How far is your work from home?
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Home and work addresses

Let us know where you’re leaving for work from and where you’re going, and we’ll help you work out the distance between them.

Additional kilometres per week

About You

Gross income
Lease term
Your current age
Gender

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You Could Save

TBA / year

Compared to an outright purchase of the with the same full-service package.

Lease Rate

TBA / week

Using salary sacrificing you could ride this e-bike from just TBA per week.

Without salary sacrificing, the full-service lease rate is TBA per week (incl GST).

At the end of your 5 year lease term, you can hand the bike back to us or buy it outright for TBA.

If you switch from driving, you'll save about TBA per week.

Detailed Overview

The following comparison is based on full salary sacrificing of the lease payments.

 
E-stralian Lease
Cash Purchase
Gross Salary
TBA
TBA
Pre tax deduction
TBA
TBA
Taxable income
TBA
TBA
Income tax
TBA
TBA
Post tax contribution
TBA
TBA
Net income
TBA
TBA
Net cost
TBA
TBA
Annual savings
TBA
TBA

Assumptions

The calculations use the following assumptions

Annual kilometres

The split between commuting and other use is for your convenience only. It does not determine your eligibility for salary sacrifice.

Bicycle cost

The amount financed equals the recommended retail price of the e-bike and an insurer-approved lock.

Cost comparison

The following assumptions have been used in the cost comparison.

  • Cash purchase: the same package as the E-stralian full-service lease, i.e., including insurance, service and maintenance and roadside assistance is acquired and paid for in cash.
  • Myki subscription per day $5.18 (2018 figures)
  • 2016 RACV figures for Ford Focus Trend 1.5L Turbo

Deposit rate

For the cash purchase comparison, a deposit interest rate of 3% has been used.

FBT liability

ATO ruling CR2015/80 should be used to determine whether your use of the e-bike falls within the FBT exemption.

Gross annual income

The number you supplied is treated as gross salary, excluding superannuation and other salary packaging deductions, Medicare levy or HECS liability.

Insurance

The lease rate includes an indicative insurance premium for your bike and personal injury based on the details you supplied. Third party property damage and third party bodily injury insurance can be included as an extra.

Maintenance

The maintenance costs are based on the nominated kilometres. E-stralian assumes the risk on these costs, but reserves the right to adjust the costs during the term if the actual kilometres deviate from the nominated kilometres.

Tax

Income tax rates for the current financial year are used.

Term of finance

The term of finance is defined by the number of months you supplied. The residual value (inclusive of GST) at the end of the term is set by the ATO and equals

  • 60% of the retail price (incl GST) for a 1 year term,
  • 45% for a 2-year term,
  • 30% for a 3-year term,
  • 15% for a 4-year term,
  • 0% for a 5-year term.

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RRP

What’s your drive?