The Best Sedans for Novated Lease: Comfort Meets Value

Leasing a sedan on a novated lease is one of the most convenient ways to enjoy the comfort of a new car without the financial strain of traditional car ownership. Sedans offer the ideal blend of practicality, comfort, and value, making them a popular choice among drivers in Australia. If you're considering a novated lease, the added advantage of tax savings and bundled vehicle expenses only makes it more appealing.

Whether you’re commuting to work, embarking on a road trip, or simply running errands, a sedan on a novated lease ensures you have a reliable vehicle without worrying about the ongoing costs of fuel, insurance, and maintenance. At Novated Finance Australia, we provide a streamlined process with approvals in under 4 hours, offering fully maintained leases where all significant expenses are included.

Why Choose a Sedan for a Novated Lease?

Sedans are well-known for their excellent balance of performance, fuel efficiency, and comfort. When you choose a sedan for your novated lease, you can expect an affordable weekly payment that includes all of the running costs—fuel, insurance, tyres, and maintenance. This is ideal for professionals and families who need a reliable car for everyday use.

Here are a few reasons why sedans are perfect for a novated lease:

• Comfort & Space: Sedans typically offer plenty of legroom and boot space for long drives or family trips.

• Fuel Efficiency: Sedans generally have excellent fuel efficiency, reducing your ongoing operating costs.

• Cost-Effective: With all-inclusive weekly payments, a sedan makes budgeting easier.

• Brand Reliability: Many top sedan models, including Toyota, Honda, and Hyundai, are known for their reliability and long-term value.

Best Sedans for Novated Lease in Australia

Several models stand out for their comfort, features, and overall value in sedans for a novated lease. Below, we highlight some of the best sedans to consider, which offer excellent leasing options for Australians.

2024 Toyota Camry

The Toyota Camry is known for its comfort, reliability, and excellent resale value. The 2024 model brings a sleek design, advanced safety features, and a fuel-efficient hybrid option. Whether you're after a petrol or hybrid version, the Camry is a solid choice for anyone looking for an affordable, comfortable ride.

• Fuel Economy: 5.2L/100km (Hybrid)

• Key Features: Apple CarPlay, Lane Keep Assist, Adaptive Cruise Control

• Comfort: Spacious interior with premium seat upholstery

• Running Costs Included: Fuel, maintenance, tyres, and insurance

This makes the Toyota Camry an excellent option for anyone looking to save money while enjoying a comfortable driving experience.

2024 Honda Accord

The Honda Accord offers a perfect combination of performance and luxury. The 2024 model brings a more refined design, advanced technology, and superior comfort, making it an ideal option for professionals or families. The Accord’s well-built interior and high-tech features provide a premium feel while minimising costs with a novated lease.

• Fuel Economy: 6.5L/100km (Petrol)

• Key Features: 8-inch Display Audio, Honda Sensing Safety Suite, Wireless Apple CarPlay

• Comfort: Leather upholstery, spacious cabin with high-quality materials

• Running Costs Included: Fuel, maintenance, tyres, and insurance

The Honda Accord is a standout choice for a sleek, luxurious ride without breaking the bank.

2024 Hyundai Sonata

The Hyundai Sonata provides a comfortable, feature-packed ride with a stylish design. The 2024 model offers excellent fuel efficiency and a smooth, quiet ride, all while providing plenty of interior space and cutting-edge tech features. This sedan offers incredible value for money, especially on a novated lease.

• Fuel Economy: 7.2L/100km (Petrol)

• Key Features: Panoramic sunroof, Apple CarPlay, Blind-Spot Monitoring

• Comfort: Spacious rear seats and high-tech entertainment system

• Running Costs Included: Fuel, maintenance, tyres, and insurance

The Hyundai Sonata delivers excellent value for anyone looking for a reliable and comfortable sedan on a budget.

2024 Mazda 6

The Mazda 6 is a performance-focused sedan that combines comfort, style, and fuel efficiency. The 2024 model continues the Mazda brand's tradition by offering a dynamic driving experience and a premium interior. With features like leather seats, a large infotainment screen, and an upgraded sound system, the Mazda 6 is perfect for those looking for a sedan with a touch of luxury.

• Fuel Economy: 6.5L/100km (Petrol)

• Key Features: 7-inch touch screen, Rear Cross Traffic Alert, Smart City Brake Support

• Comfort: Premium interior with heated and ventilated seats

• Running Costs Included: Fuel, maintenance, tyres, and insurance

For those who want a sedan with a little more sporty flair, the Mazda 6 offers exceptional value and quality.

2024 Tesla Model 3 (Electric)

If you want to drive an electric sedan, the Tesla Model 3 is the perfect choice. It provides all the benefits of a sedan and qualifies for the FBT exemption on novated leases, making it even more affordable. The 2024 Model 3 offers an impressive range, fast acceleration, and cutting-edge technology.

• Fuel Economy: 15.0kWh/100km (Electric)

• Key Features: Autopilot, Premium Interior, 15-inch touchscreen

• Comfort: Spacious cabin with a minimalist design

• Running Costs Included: Charging, maintenance, tyres, and insurance

The Tesla Model 3 is an ideal option for an environmentally friendly vehicle that still offers luxury, comfort, and cutting-edge tech.

Is a Novated Lease Right for Me? Here’s What You Need to Know

Before deciding on a sedan for your novated lease, it’s essential to ask yourself a few key questions to determine if this is the right option for your needs:

• Do you drive low to medium kilometres?

A novated lease is ideal if you mainly drive in the city or make short trips. Novated leases often come with fixed weekly payments that include all your vehicle’s running costs.

• Are you looking for tax benefits?

Novated leases allow you to reduce your taxable income by deducting payments directly from your pre-tax salary. This can lead to significant tax savings over the course of the lease.

• Do you want a car that fits your lifestyle?

Sedans are perfect for those who need a reliable, comfortable, and efficient car for commuting or family trips. With a novated lease, you can enjoy a new sedan without the financial burden of a traditional car loan.

Criteria for Choosing Novated Lease Sedan Cars

When choosing a Sedan for a novated lease, several key factors must be considered to ensure it aligns with your financial and lifestyle needs. 

First, assess the purchase price of the Sedan and its resale value, as these factors will impact your end-of-lease options. Sedans with higher resale value offer better financial returns when the lease ends. Fuel efficiency and running costs are also crucial, as they can help reduce long-term expenses like fuel and maintenance costs, contributing to overall savings. 

The presence of advanced driver assist technology and safety features is vital for a comfortable and secure driving experience, while accessories can further enhance the vehicle's appeal. 

Additionally, consider how the car will affect your insurance premiums and the potential tax savings through vehicle salary packaging. By choosing a Sedan with the right features, you'll enjoy a cost-effective lease and peace of mind with a wise financial decision.

Final Thoughts 

A sedan is a perfect choice for a novated lease due to its blend of comfort, efficiency, and affordability. Whether you're interested in the Toyota Camry, Mazda 6, or the electric Tesla Model 3, there's a sedan that fits every budget and lifestyle. By opting for a novated lease with Novated Finance Australia, you can drive away with the car of your dreams, knowing that all the running costs are covered in one easy, fixed weekly payment.

Ready to start your journey with a sedan on a novated lease? Get started with Novated Finance Australia now and find the perfect sedan for you.

Frequently Asked Questions

• Can I return the car at the end of the lease?

  No, with a novated lease, you must pay the residual value (balloon payment) to own the vehicle outright.

• Can I lease a used sedan on a novated lease?

  Yes, you can lease a used sedan that is under 15 years old at the end of the lease term.

• Are there any other costs associated with a novated lease?

  No, all major expenses, including maintenance, fuel, tyres, and insurance, are included in the fixed weekly payment, so you won’t face any surprise costs.