It is a 3-way agreement between the employee (driver), their employer and the leasing provider. The Lease enables the employee to bundle finance and budgeted running costs into one easy regular payment. The Lease also reduces the income tax the customer pays on their salary as some of the costs are paid from pre-tax salary.

The savings can be up to $6,334* in upfront GST savings on the new car purchase price. There may also be extra GST savings in servicing, maintenance, tyres and other running costs. Speak to a Novated Leasing expert for more information. 

*GST saving up to $6,334 (as per ATO guidelines; current as at 01.07.2024)

You must be working in Australia for an employer that is agreeable to offer Novated Leasing or already offers Novated Leasing as an employee benefit. You’ll also need to be able to meet the required credit criteria.  

You can select your dream Mercedes-Benz vehicle and calculate an estimate of your payments by using the Novated Lease calculator, or you can submit an enquiry  online, and a Novated Leasing expert will be in touch. 

You have the option to keep your car by paying the residual value amount and taking full ownership of the vehicle, refinancing the residual for an additional lease term and continue to get the tax savings on running costs or, you can pay out the residual value, sell the vehicle and upgrade to a new vehicle with a new lease. If you sell the vehicle for more than the residual value, you can keep the difference and it is tax free.

The monthly payment covers the finance and a budget for running costs including fuel or charging, servicing, replacement tyres, registration, CTP and comprehensive insurance.*

*You have the right to choose your inclusions based on what is applicable to you and you can adjust your running cost budgets throughout the lease if your driving patterns change.