Getting a Novated Lease 

Keen to explore a RemServ novated lease? With more than 25 years’ experience as one of Queensland’s leading novated leasing providers, RemServ is here to make the process simple.

From researching your options and requesting a quote through to collecting the keys, this is a practical step-by-step guide to getting a novated lease.

Does your employer offer novated leasing?

It’s an important question to ask before you do anything else. If they do, ask if they have any restrictions (such as the vehicle type, price range, or eligibility rules). We also recommend discussing your individual financial circumstances with your financial advisor, to understand how salary deductions may affect your tax and take-home pay.

Get your estimated savings and a quote

Decided a novated lease is right for you? Next step is to request an obligation-free quote from RemServ. Start by using our novated lease calculator for your estimated tax savings. Once you submit your details, our team will be in touch with a personalised quote.

It will help if you have a few basics ready – such as the type of car you want, your estimated annual kilometres, and some salary information. If you haven’t chosen a vehicle yet, we can tap into our nationwide network of dealers to help narrow down your options.

Got a car in mind?

We’ll work with our dealer networks to help you source your ideal vehicle at the best possible price. We can place the order for you and lock in a pick-up date. If you’ve already found the car you want, that’s no problem either, just let our team know and we’ll get all the lease administration done.

Get approved for finance

Like with any car loan, you will need finance approval. You will need to provide information about your income, expenses and living circumstances to the finance provider, as well as undergo a credit check.

Complete the lease paperwork

Once your finance is approved, a deed of novation – a tri-party agreement between you, your employer and the financier – will be drawn up.

Settle the lease and have your car delivered

Once all the paperwork has been completed, we’ll manage the settlement on your behalf and confirm when, where and how to collect your new car. You will then receive your lease documents, and your employer will begin deductions as agreed.

A recap on the pros and cons of novated leasing

There are advantages and disadvantages to any type of vehicle finance, and novated leasing is no exception. The benefits include:

• Potential tax savings
• Budget convenience
• Access to great deals through RemServ’s nationwide dealer network
• No upfront payment
• GST savings
• Exclusive Fringe Benefits Tax (FBT) exemptions on electric vehicles
• End-of-lease flexibility

There are also some considerations for novated leasing which might be relevant to you. These might be:

• You must be employed
• Restrictions on some vehicles based on age, size and carrying capacity
• Your employer may also place restrictions on some cars, such as value, vehicle type or safety ratings.
• A novated lease may result in a Reportable Fringe Benefits Amount (RFBA) being reported, which could affect income-tested government benefits and obligations.
• A residual payment is required at the end of the lease.

This article digs into the pros and cons of novated leasing in more detail.

Novated Leasing with RemServ

Novated leasing can seem complex, but that’s why RemServ are here: to help unpack the complexity for you. Want to know more about novated leasing? You can read our FAQs here. Or if you’re ready to set the wheels in motion, contact us.

Things you need to know: This general information doesn't take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. RemServ may pay and/or receive commissions in connection with its services.