Prosperity Smart Drive for employers
Prosperity Smart Drive is an innovative comprehensive vehicle leasing and management service.
Our experienced team of consultants manage every aspect of the arrangement, from sourcing the best price for your employee’s vehicle choice, through to the management of ongoing running costs.
A novated lease is an arrangement between an employer, an employee and a finance company, allowing the employee to salary package the lease payments and running costs of a car of their choice, for 100% private use.
The lease payments for the vehicle and running costs are paid from pre-tax pay, therefore your employees benefit from paying less tax. This type of lease is a tax effective alternative to buying a car outright.
Our services include:
- Procurement of new and used vehicles
- Sourcing of competitive finance
- Access to a full suite of vehicle protection products
- Administration of a fuel card
- Administration of service maintenance
- Discounts on vehicle and operating costs
- Ongoing monitoring and reporting of costs
Our program can assist you to improve morale and attract and retain high quality employees.
Prosperity Smart Drive was established in 2001 and is one of the leading providers of vehicle leasing services in Australia. With offices in Sydney, Newcastle and Brisbane and employing over 150 staff, Prosperity has the necessary resources and capacity to service the financial needs of our clients.
Our salary packaging and vehicle leasing business services the diverse needs of its individual employer clients throughout Australia. Our clients range from public hospitals, aged care facilities, charities, religious organisations, government agencies (local and state), universities, private schools, listed corporations and private businesses.
Our team has grown extensively since 2001, to a current team of highly skilled employees. We pride ourselves on the longstanding relationships we develop with our clients and their employees.
In addition to the full range of salary packaging and vehicle leasing services, Prosperity also offers the following services:
- Independent lending advice
- Wealth management
- Business advisory
- Corporate assurance
Smart Drive is an innovative vehicle management service, looking after everything, from sourcing the best price for your employee’s choice of vehicle, through to the management of the ongoing running costs.
The lease payments for the vehicle and running costs are paid from pre-tax pay, therefore your employees benefit from paying less tax.
- We tailor our approach to meet your specific needs and requirements.
- We are committed to developing strong relationships with you and relevant employees.
- We will visit your organisation as regularly as required, to be available for questions and to assist interested employees.
- We undertake annual strategic planning sessions to discuss ‘take up rates’, future employee education and our marketing activities.
- We invest in quality resources, engage in ongoing training and development of our staff, to ensure their technical and customer service skills are at high levels.
- Its complex
- It creates reams of paperwork
- It requires payroll, finance and human resources
- It requires systems to automate FBT and GST calculations
- It requires systems to administer payments and reimbursements
Benefits to you as an employer
Organisations are realising that salary packaging is a key component of an effective remuneration and benefits strategy.
Prosperity Smart Drive’s services offer real advantages to both you and your employees, without increasing costs or burdening administration.
Whether you are looking at ways to reduce the number of company vehicles on your books or simply allowing your employees the best options for buying their next car, novated leasing has something for everyone.
Our program can assist you to improve morale and attract and retain high quality employees, without increasing costs or burdening administration.
Benefits to your employees
A novated lease provides a range of benefits to employees, including;
- They choose the vehicle and the lease period that best suits their needs.
- They won’t pay GST on the purchase of their car or on its operating expenses.
- A novated lease reduces their income tax through salary packaging the lease payments and running costs.
- Budgeting for all of the running costs is simple, with all costs managed directly through regular payroll deductions.
- Leases can be transferrable between your employers.
- Flexible contract terms are available, ranging from one to five years.
- A dedicated Prosperity Smart Drive consultant will manage the whole process for them,
- Ensuring we do all the running around, not you!
Prosperity is an authorised representative of both Swann and IAG insurance. Our relationship with these organisations allows us to provide the full range of insurance products at competitive prices including;
- Comprehensive insurance
- Compulsory third party insurance
- Tyre and rim
- Walkaway insurance