A new way to reward your employees
MyCarBudget enables employers to offer their employees a facility to manage and control their individual car related expenses.
MyCarBudget offers employers a new and unique employee benefits program, enabling your staff to better manage their motor vehicle expenses.
Until now, car related employee benefits and incentives have been limited to services such as Novated Leasing. MyCarBudget changes all that. All your employees can now access many of the savings and benefits traditionally reserved for Novated Leasing customers without the need to buy a new car (ie using their existing car).
Stand out from the crowed by offering your employees a benefit that is new and unique.
Frequently asked questions...
Click on the questions to find out the answers
Employees can choose from a range of MyCarBudget options. They set a budget for each of the selected options based on the distance they expect to travel over the coming year. You, the employer, make a regular deduction from their after tax pay. MyCarBudget then meets all selected expenses and using FleetPartners purchasing power generates real savings. The range of available MyCarBudget options includes:
Starter Pack:
• Discount fuel - choice of either Shell, Caltex or BP fuel card and a 6c a litre discount on all fuel purchases (unleaded fuels and diesel).
• Roadside Assistance - complimentary 24/7 Roadside Assistance nationwide for all MyCarBudget customers.
Additional Options:
• Registration Renewal - automatic payment of your registration renewal.
• Discount Servicing - access the OneCall service for discount servicing, repairs and maintenance.
• Discount Tyres - purchase tyres at FleetPartners corporate rates.
• Insurance - bring your existing insurance along or access a quote from the MyCarBudget team.
MyCarBudget is fundamentally different to Novated Leasing in a number of ways. Firstly, customers are not obliged to purchase a new or used car, they can bring their own car. Therefore there are no lease repayments and with payments being after tax, there is no messy end of Fringe Benefits Tax year reconciliations. Secondly the agreement is between the employee and FleetPartners directly. You the employer are not liable for any outstanding monies upon termination of the agreement.
MyCarBudget offers your employees some of the key benefits offered by Novated Leasing namely car expense budgeting and access to FleetPartners purchasing power without the worry about Fringe Benefits Tax, Employee Contribution Method and meeting mileage hurdles.
Finally, Novated Leasing has been around for a long time and most employers offer it, so there is not much that is unique about it from provider to provider. MyCarBudget is unique, no other organisation is offering this service. By offering it to your employees your organisation can now also be unique and set yourself apart from your competitors. Atleast in terms of employee benefits offered.
FleetPartners will create an agreement directly with each accepted employee. Therefore upon termination of the agreement, should the employee have a shortfall, FleetPartners will work directly with the employee to establish a repayment arrangement. This removes any liability or administrative burden for you.
Similarly, should the employee have accumulated monies within their budget, they will be paid directly to the employee by MyCarBudget.
MyCarBudget's flexibility means that you can continue to manage your employees the way you normally do.
In order to make the program successful we will work with you to develop a communication plan that will ensure your employees have the opportunity to access material regarding the MyCarBudget package as well as speak to FleetPartners staff regarding how it works and how to sign up.
Your role will also include approving each application and ensuring that regular after tax deductions are established for each participating employee.
There is no cost in offering MyCarBudget to your employees. In order to make the program successful we will work with you to develop a marketing plan that will ensure your employees have the opportunity to access material regarding the MyCarBudget package as well as speak to FleetPartners staff regarding how it works and how to sign up.
You may however consider paying for all or part of the $9.95 monthly fee on behalf of each participating employee. If this is something that you might be interested in, MyCarBudget would be happy to develop a proposal for you covering pricing and payment options.