Novated Leases

Save thousands on your next car with pre-tax salary packaging. EVs with zero FBT.

Save $3,000–$8,000/yr

Pre-tax salary deductions reduce your taxable income

Zero FBT on EVs

Electric vehicles under the luxury car tax threshold pay no FBT

All-Inclusive Payments

Finance, fuel, insurance, servicing, and rego in one payment

What is a Novated Lease?

A novated lease is a three-way agreement between you, your employer, and a finance company. Your employer deducts lease payments directly from your pre-tax salary, reducing your taxable income and saving you thousands each year.

Unlike a standard car loan, a novated lease bundles all your vehicle running costs — finance, fuel, insurance, registration, servicing, and tyres — into one convenient pre-tax payment. You choose the car, negotiate the price, and we handle the rest.

Available to any PAYG employee whose employer offers salary packaging

The Three-Party Agreement

You

You (the Employee)

Choose your car, negotiate the price, and enjoy the tax savings

E

Your Employer

Deducts lease payments from your pre-tax salary and remits to the finance company

F

Finance Company

Provides the lease, manages payments, and handles the vehicle's running cost budget

Everything Bundled in One Payment

A fully maintained novated lease covers all your vehicle costs, paid from your pre-tax salary

Vehicle Finance

The lease payments for your chosen vehicle

Fuel or Charging

Petrol, diesel, or EV charging costs budgeted and included

Comprehensive Insurance

Full comprehensive car insurance included

Registration & CTP

Annual registration and compulsory third party insurance

Servicing & Maintenance

Scheduled servicing, repairs, and tyre replacements

Roadside Assistance

24/7 roadside assistance for peace of mind

How It Works

Getting a novated lease is simple — here's the step-by-step process

1

Pre-Qualification

Submit the pre-qualification form or give us a call — we check your eligibility and identify up to 3 matched lease providers.

Time: ~10 minutes
2

Choose & Apply

Select your preferred provider. We gather the required documentation and submit the application on your behalf.

3

Assessment & Approval

Your chosen provider assesses the application and we keep you updated throughout.

Time: Varies by provider
4

Drive & Save

Sign documentation, salary deductions begin, and you drive away saving on tax.

Time: As fast as same day

Why Choose a Novated Lease?

Significant tax savings, bundled running costs, and the flexibility to choose any car

Income Tax Savings

Lease payments come from your pre-tax salary, reducing your taxable income. The higher your tax bracket, the more you save — typically $3,000–$8,000 per year.

GST Savings

Save the GST on the car purchase price and all running costs. On a $50,000 car, that's an immediate $4,545 saving on the vehicle alone.

Zero FBT on EVs

Electric and plug-in hybrid vehicles under the luxury car tax threshold are exempt from Fringe Benefits Tax, dramatically increasing your savings.

Simplified Budgeting

One regular payment covers everything — no surprise bills for servicing, tyres, insurance, or registration. Budget with certainty.

Portable Between Jobs

If you change employers, your new employer can take over the novation. Most employers are happy to — it costs them nothing.

No Cost to Your Employer

Your employer simply redirects part of your salary — there's no cost or risk to them. It's a staff benefit that costs nothing to offer.

Vehicles You Can Lease

Novated leases work with new and used vehicles from any dealer or private seller

Electric Vehicles

Zero FBT, lower running costs, and maximum tax savings

Plug-in Hybrids

FBT exempt if first used after 1 July 2022 and under the LCT threshold

New Cars

Any new vehicle from any authorised dealer across Australia

Used Cars

Quality used vehicles typically up to 5–7 years old accepted

Lease Terms

Flexible lease terms designed to maximise your savings

Lease Term

1–5 Years

Choose a term that suits your needs

Annual Savings

$3K–$8K+

Depending on salary and vehicle

GST Saving

10% Off

On car price and running costs

EV FBT Rate

0%

Zero FBT for eligible EVs

End-of-Lease Options

At the end of your lease, you have full flexibility to choose what happens next

Buy the Car

Pay the residual value and keep the car. It becomes yours outright with no further payments.

Best for: Those who love their car and want to keep it

Upgrade to a New Car

Trade in or sell the car to cover the residual, then start a new novated lease on a newer vehicle.

Best for: Those who want the latest model every few years

Refinance the Residual

Extend the lease or refinance the residual amount into a new lease period to keep payments manageable.

Best for: Those who need more time before deciding

Am I Eligible?

Simple requirements to get started with a novated lease

You Need

  • Be a PAYG employee (full-time, part-time, or fixed-term contract)
  • Employer that offers salary packaging or salary sacrifice
  • Australian citizen or permanent resident
  • Valid Australian driver's licence
  • Reasonable credit history

Employers That Commonly Offer It

  • Federal, state, and local government
  • Public and private hospitals, healthcare providers
  • Universities and education institutions
  • Large corporates and ASX-listed companies
  • Not-for-profit and charity organisations

Novated Leases FAQs

Common questions and answers about novated leases

A novated lease is a three-way agreement between you, your employer, and a finance company. Your employer deducts lease payments from your pre-tax salary, reducing your taxable income. The lease covers the car's finance, running costs (fuel, insurance, maintenance, registration, and tyres), all bundled into one regular payment. At the end of the lease term, you can buy the car for its residual value, refinance, or upgrade to a new vehicle.

Still have questions?

Our team is here to help you find the right novated leases solution

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