SalaryPackagingPLUS - Novated leasing

What is a novated lease?

A novated lease is a financial arrangement used to salary package a vehicle. It means your employer pays a portion of your ongoing car costs using your untaxed salary – so amounts you would normally pay as tax instead go towards funding your car!

With a novated lease you can choose a new or second hand vehicle. You can even take out a novated lease on a car you’re currently driving.

Because you are accessing tax-free salary, a novated lease can save you thousands on the purchase price and running costs of your vehicle. You enjoy the convenience of cashless motoring, plus fleet discounts and deals on finance, fuel, maintenance and repairs.

How does novated leasing work?

With novated leasing, you can have the peace of mind knowing that all your vehicle expenses are taken care of in one simple payment. Here's how it works:

Your vehicle expenses are all conveniently managed through an automated deduction from your salary each pay cycle. This deduction comprises a combination of pre-tax and post-tax amounts, covering various costs such as vehicle finance, fuel, servicing, insurance, tyres, and registration.

Novated leasing is designed to be a simple and tax-effective way to pay for a vehicle. In many cases, it can be more cost-effective than other options such as paying cash, taking out a car loan, or using mortgage finance – making it both a cost-effective and stress-free way to enjoy your dream car.

Why choose a novated lease?

Do you currently pay these vehicle expenses? If so you could save thousands with a novated lease.

Fuel

Registration & CTP

Maintenance & Servicing

Roadside Assistance

Tyres

Car Insurance

Vehicle

How much will you save?

Try the novated lease calculator

Benefits of a novated lease

Reduce the tax you pay
No GST to pay on the purchase of your vehicle
Access to exclusive fleet discounts, for even greater savings
Simplified budgeting, with all your vehicle costs included in one payment
Typically more affordable than other finance options, so you can enjoy
your dream car without breaking the bank