Get a car as part of your salary with a novated lease

You can put almost any car under a novated lease: New, used, even currently owned, as long as it is under ten years old at the end of the lease term (exceptions can be made on referral).
Types: Petrol, hybrid, electric, plug-in hybrid with a carrying capacity under one tonne. Cars cannot be used for rideshare, taxi or delivery or carry 9 passengers or more.

Just like other forms of car finance, novated leasing involves regular payments over a fixed term, with a residual payment due at the lease's end. But unlike other forms or finance leases, these payments come out of your pre-tax salary, reducing your taxable income. You also save GST on the car as it is not included in the amount financed (up to a maximum amount) and your running costs are budgeted and paid in one easy regular payment.

Almost everything involved in having a car: finance, insurance, registration, fuel, charging, tyres, and servicing. We also help with sourcing the car and end-of-lease options.

You can lease a car anywhere between one to five years. Novated leasing is a fixed-term lease and not designed to be broken early, otherwise you may incur additional fees and could end up paying more than the market value of the car.

No. You can drive as little or as much as you want. Estimated distance driven is only important for forecasting running costs.

There are three options available: 
1. Contact us to adjust the budget 
2. Unused money can be sent back to you via your employer payroll at the end of the novated lease 
3. Money can be rolled over to you if you intend to get a new novated lease car or to extend your lease

There are two options available: 
1. We can make a one-off request to your payroll to have an additional amount deducted from your pay 
2. We can make an ongoing adjustment to your running cost budget

No. The post-tax component (Employee Contribution Method (ECM)) removes the need to pay FBT.

The ATO does not allow a novated lease to be paid down to zero. The amount you need to pay at the end of the lease is calculated according to ATO rules applied to amount financed.

There are three options available to you:
1. Pay the balloon payment plus the remaining lease payments and buy the car outright
2. Pay lease payments directly to financier and running costs with post-tax dollars
3. We can organise transfer of the lease to new employer if they allow this

There are three options available to you: 
1. Upgrade to a new car and start a new novated lease 
2. Pay out the residual amount and own the car 
3. Lease the same car again (re-lease) for another period of time

No. You can go to any licenced and registered service provider. Simply attach your receipt to your on-line portal as instructed and you will be refunded for the cost of works conducted.

Yes. Not only do you get all the other benefits of a novated lease, such as saving the GST on the purchase price of the car and packaging the running costs, under the government’s EV discount, your electric car will not attract fringe benefits tax (up to the luxury car tax threshold). This means the whole novated lease payment is made from your pre-tax, rather than post-tax salary, reducing your taxable income.