FIND OUT IF NOVATED LEASING IS BETTER THAN A CAR LOAN FOR YOU
Answer 5 Simple Questions to get a quote
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Own your car for less!
Why settle for a traditional car loan when a novated lease offers so much more?
Unlike personal car financing, where you cover car expenses post-tax, novated lease finance allows you to pay for your car using pre-tax income. This leads to substantial tax savings each month.
With a novated lease, all vehicle-related expenses—fuel, insurance, maintenance—are included in one easy payment. Not only does this simplify your finances, but it also saves you money. In contrast, a car loan doesn’t provide these tax benefits, meaning higher overall costs.
Ready to make a smart choice? Reach out for a quote today!
Lease Company
You / The Employee
Your Employer
Your Employer Makes The Lease Payments
On Your Behalf
Why settle for a traditional car loan when a novated lease offers so much more?
Unlike personal car financing, where you cover car expenses post-tax, novated lease finance allows you to pay for your car using pre-tax income. This leads to substantial tax savings each month.
With a novated lease, all vehicle-related expenses—fuel, insurance, maintenance—are included in one easy payment. Not only does this simplify your finances, but it also saves you money. In contrast, a car loan doesn’t provide these tax benefits, meaning higher overall costs.
Ready to make a smart choice? Reach out for a quote today!
| Total purchase cost of the car | Novated Leases | Car Loan | Cash |
|---|---|---|---|
| Cheaper purchase price | ✓ | X | X |
| GST savings on vehicle purchase and running costs | ✓ | X | X |
| Reduce taxable income | ✓ | X | X |
| Fixed monthly payment inclusive of vehicle running costs | ✓ | X | X |
| Huge Savings Over Lease Terms | ✓ | X | X |
Upgrade Your Ride In A Tax-Effective Way
A novated lease is the clear winner when compared to personal car financing options. Not only do you save on tax, but you also streamline your expenses by combining all your car-related costs into one payment. If you’re debating between a car loan vs novated lease, consider the tax advantages and hassle-free management that a novated lease offers. Ready to take the next step? Get a quote today!
5 Steps To Get A Novated Lease
SIMPLE + EASY STEPS
Here are some steps to understand how the process works.
5 Steps To Get A Novated Lease
SIMPLE + EASY STEPS
Here are some steps to understand how the process works.
Employee selects vehicle of their choice
Let’s go car shopping!
STEP 1
STEP 2
Employee contacts NFAus and we use our dealer network to source best pricing! We bundle the finance and running costs into one quote
Contact NFAus
STEP 3
NFAus sends novated lease proposal and credit application to Employee
Employee & employer signs NFAus novated lease application
Approval
Vehicle gets delivered by the dealership, an information pack is emailed to driver & fuel card posted out
Vehicle Arrival
STEP 4
STEP 5
Post customer service support
For service and maintenance, an employee books into the dealership, NFAus will take care of payment
Get In Touch Today
Check Out Our Monthly Specials
Pick Any Car & We Will Deliver It
Get the best deals on a range of cars with our latest offers. Whether you're looking to save on a luxury vehicle or a reliable family car, novated lease can make it affordable and convenient. Why settle for a car loan when you can drive more for less?
Check out our specials now!
Frequently Asked Questions
We've compiled a comprehensive list of common FAQs to help you understand why a novated lease might be a better choice than a car loan. If you don't find the answer you're looking for, our dedicated team is just a call away.
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We can get you approved for your novated lease in under 4 hours, often faster than the approval process for a standard car loan. This means you can get behind the wheel of your new car sooner!
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A novated lease offers tax savings, with payments coming from your pre-tax income. A car loan lacks this benefit and requires managing multiple payments for running costs.
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Yes, with a novated lease, your payments can include fuel, vehicle servicing, registration, and insurance, making it a more comprehensive option than a car loan, which typically requires you to manage these costs separately.
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Absolutely! A novated lease is an excellent option for electric cars. It offers the same tax advantages and bundled payments as with any other vehicle, unlike standard car loans, which may not offer the same incentives or ease of management for electric vehicles.
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With a novated lease, upgrading your car is straightforward and often more flexible than with a standard car loan. You can trade in your current vehicle and start a new lease on a different car, making it easier to stay in a car that suits your needs and lifestyle.
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Yes, a novated lease can be used for both new and used cars, offering more flexibility compared to a car loan, which often has more restrictions on the types of vehicles you can lease.
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A novated lease reduces your taxable income because the car expenses are taken out of your pre-tax salary. In contrast, a car loan does not affect your taxable income, meaning you miss out on potential tax savings.
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When your novated lease ends, you can upgrade to a new vehicle with a new novated lease, extend your lease with the same vehicle, or pay the residual amount to own the car outright.
Ready To Drive Smart & Save Big?
The Most Popular Cars Being Novated Right Now
From electric wonders benefiting from government incentives to fuel-efficient models designed to cater to your daily commute needs, all of these vehicles promise an exceptional driving experience.
Employer Benefits
Novated leases are an employee benefit, which can be influential in increasing retention
Retention
A rewarded workforce with perks and benefits can influence and drive better results for your business!
Reward
Novated leasing is a highly sought-
after benefit that can set you apart as an employer of choice. It not only helps you attract skilled professionals but also retains your existing talent by offering them a valuable financial perk
Employee Benefits
Car Purchase
Your employees can access great discounts available by our dealership network
Novated leasing doesn’t cost your business anything. The administration is handled by Novated Finance Australia, and the lease payments are deducted from employees’ pre-tax salaries. It’s a win-win for both your organisation and your staff