A Novated Lease is a three-way agreement between the employee (driver), their employer and the leasing provider. It allows the employee to bundle finance and running costs into one easy regular payment, while also reducing the income tax paid on their salary.
A Novated Lease lets you enjoy significant savings on eligable vehicles. Explore the options that offer the greatest savings.
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.
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.
Get in touch with an expert from one of our select retailers to find out more about Novated Leasing.
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