Novated Leases.
Drive more car for less, using pre-tax dollars.
Overview
A novated lease bundles your car, finance and running costs (fuel, services, tyres, rego, insurance) into your salary package. Payments come out of your pre-tax income, saving you tax on what you'd be spending anyway. For eligible electric vehicles, the FBT exemption makes the savings dramatically larger, often $10,000-$30,000+ over a 3-5 year lease.
We arrange novated leases for any compliant employer, with quotes that show the real number, not just the marketing math. We'll also tell you when a novated lease isn't the right call, because sometimes it isn't.
Total savings depend on income, vehicle, term and EV eligibility. We model your actual numbers, not generic examples.
Who this is for
Key benefits
- Pre-tax savings on the car and running costs
- FBT exemption on eligible EVs (huge saving)
- No GST on the purchase price
- Fixed monthly budget covering everything
- Bundled fuel, services, tyres, rego and insurance
- Compare lenders, novated providers vary widely
How it works
A guided process.
- 1Discovery
A short call to understand the asset, your situation and the outcome you actually want, not just a rate quote.
- 2Compare
We benchmark across our lender panel for rate, fees, structure and credit appetite, then put the best two or three side by side.
- 3Submit
We package the application properly the first time, so credit teams approve faster and with fewer conditions.
- 4Settle
We coordinate documents, payouts and dealer or vendor settlement and remain available post settlement whenever you need us.
Structuring options
Different structures suit different situations. We'll model the right one for yours.
All running costs (fuel, services, tyres, rego, insurance) bundled into the package. One pre-tax deduction covers everything.
Finance only, you pay running costs yourself. Less convenient but sometimes financially better for low-km drivers.
Eligible EVs under the LCT threshold are exempt from FBT, dramatically lifting the tax saving. Currently the most efficient way to own an EV.
Required by ATO based on lease term. Typically 28%-46% of vehicle value, you can pay it, refinance it or trade.
Real-world scenarios
Recent deals we've structured. Names removed, numbers real.
$70k EV, 4-year lease, $120k salary. FBT-exempt structure saves over $25k vs buying the same car outright with after-tax dollars.
$55k SUV, 5-year lease, fully maintained. Saves approximately $11k over the lease vs outright purchase, simpler monthly budgeting included.
Modelled fully-maintained vs non-maintained and showed non-maintained was $2,400 better over the term for this driver's usage pattern.
What you'll need
Standard documents. We'll tell you exactly which ones up-front.
- Photo ID (driver licence or passport)
- Two most recent payslips
- Recent bank statement showing salary credits
- Details of the asset being purchased
- Employer's novated lease policy (or employer contact)
- Recent payslip showing employer
- Vehicle quote or specification
Lenders we compare
We're not tied to any single funder. Different lenders win different deals.
Plus many more great lenders on our wide panel
What to watch out for
Where deals go wrong and how we keep yours out of trouble.
Most novated quotes come from one provider. We benchmark across providers, fees and interest rates vary materially.
Some providers pad fuel and servicing budgets, you end up over-contributing and getting it back as a refund (interest-free loan to them). We watch this.
The lease becomes your personal obligation. We structure with this in mind so you're not stuck with a payment you can't novate.
ATO rules on home charging cost claims are specific. Worth understanding before you sign.
Common questions
Ready to Elev8 your finance?
Let's structure something that actually fits your situation. No upfront cost, no pressure.