Novated Lease

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Salary package the cost of your car with a novated lease

CarA novated lease is a popular and tax-effective way to afford the car you want.

There are many benefits of a novated lease the main one being that you could save thousands of dollars.  

What is a novated lease?

A novated lease is a three-way agreement - between you, your employer and a financier - to lease your chosen car.

The car is leased in your name, and we pay the lease repayments and car running costs on your behalf, using the pre-tax funds from your salary packaging account.

The car you lease is up to you. You can choose:

  • a new car
  • a used car
  • or your existing car.

If you are considering packaging a used car or your existing vehicle, some conditions may apply.

Generally, you can choose to lease a car for anywhere between one to five years, provided the car is not more than seven years old.

Who can benefit from a novated lease?

Lease novation could benefit almost anyone who has a car. You don't have to be a high-income earner or drive high kilometres to benefit.

By paying for your regular car expenses before you're taxed, you reduce your taxable income. That means you could pay less tax and end up with more money in your pocket.

If you work in the health or charity sector, a novated lease can be packaged on top of your salary packaging cap limit using a combination of your pre and post-tax pay. That's even extra value.

What are the benefits of a novated lease?

Big savings

Because we source so many cars, we get great prices. When you finance a new car through a novated lease, you pay no GST on the purchase price and save on running costs like maintenance, tyres and fuel.

Get more from your pay

With a novated lease, car repayments are made before your salary is taxed, this reduces your taxable income - and you pay less tax. Because you pay less tax, you could end up with more money in your pocket.

Save time

A novated lease can save you time looking for a car and haggling with car salespeople. We manage the finance application process and get you a fast response.

We do the hard work for you

We can provide an obligation-free quote to match your needs and help you find your car - and get a great deal. We can also arrange your finance and comprehensive insurance and provide a maintenance pre-authorisation service (our qualified mechanics authorise work on your car to ensure you don't pay for anything you don't need).

Ready to find out more?

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