Unlock Savings with Novated Leasing
Discover how Australian employees can save up to $50,000 on their vehicles with a novated lease.
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What Is A Novated Lease?
A novated lease is a specialised financial arrangement in Australia that allows employees to lease a vehicle through a salary packaging scheme. This means that the employee-novated lease is facilitated by an agreement where the employer takes responsibility for the lease payments directly from the employee's pre-tax salary.
The novated lease benefits for employees include tax savings and the flexibility to drive a new car without upfront costs. This novated lease meaning reflects a tri-party agreement between an employee, an employer, and a finance company, making it a unique and beneficial finance option for acquiring and maintaining a vehicle.
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What Are the Benefits of a Novated Lease for Employees
The savings people around Australia are making on novated leases are the real deal.
Here’s why it’s smart to get a Novated Lease for your vehicle →
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A novated lease for employees allows you to make payments from your pre-tax salary, lowering your taxable income and delivering significant tax savings.
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Through Novated Leasing Australia, you gain access to a wide network, ensuring competitive pricing and great deals on a range of vehicles.
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With a novated car lease in Australia, you enjoy the peace of mind that comes with one predictable, manageable weekly payment, making financial planning easy.
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Fuel, servicing, and registration are included in the novated lease, significantly reducing your ongoing vehicle costs and eliminating unexpected expenses.
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80% of customers are surprised to learn that their dream car comes with the same weekly cost as a car they would typically settle for, thanks to the novated lease employee benefit.
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Get into the driver’s seat faster with our 4-hour approval process*, streamlining the entire novated lease experience for employees.
Looking for a cost-effective way to drive the latest vehicles? Novated leasing offers unbeatable benefits, combining tax perks with reduced running costs. With a novated lease for employees, you can drive electric or hybrid cars while enjoying a seamless experience with insurance, maintenance, and more covered.
Get the Best Novated Lease Deals
Reasons Why People Choose a Novated Lease Over a Car Loan
| undefined | Novated Lease | Car Loan | Cash |
|---|---|---|---|
| Affordable Purchase Price | ✓ | X | X |
| Tax Saving | ✓ | X | X |
| Fixed Monthly Payments | ✓ | X | X |
| Ongoing Vehicle Running Costs Covered | ✓ | X | X |
| Flexibility with Vehicle Upgrades | ✓ | X | X |
| Quick Approval Process | ✓ | X | X |
Novated Lease vs. Car Loan/Cash
Novated leases from Novated Finance Australia offer a more affordable purchase price and significant tax savings on vehicle purchases and ongoing running costs. By reducing your taxable income and providing fixed monthly payments that cover all vehicle expenses, a novated lease ensures you enjoy huge savings over the term compared to traditional car loans or outright cash purchases.
Explore the novated lease benefits for employees and see why it's the smartest way to achieve car ownership in Australia.
How To Set Up Novated Leasing?
Setting up novated leasing is surprisingly simple.
1. CONSULTATION
Begin by scheduling a consultation with Novated Finance Australia. During this consultation, you'll receive all the necessary onboarding documentation to kickstart the process. We will guide you through the paperwork and ensure you have everything you need to proceed with setting up novated leases for employees.
2. SETUP AND ONBOARDING
Work closely with us to complete any required paperwork and input necessary details into your systems. This step ensures that all parties are aligned and ready to move forward with the novated lease employee benefit arrangements.
3. SELECT DELEGATE OF AUTHORITY
As the final step, select a delegate of authority or designate a person within your organisation who will be responsible for signing the novated leases with employees. This individual will act as the point of contact between your organisation and us, ensuring smooth communication and coordination throughout the process.
How To Set Up Novated Leasing?
Setting up novated leasing is surprisingly simple.
1. CONSULTATION
Begin by scheduling a consultation with Novated Finance Australia. During this consultation, you'll receive all the necessary onboarding documentation to kickstart the process. We will guide you through the paperwork and ensure you have everything you need to proceed with setting up novated leases for employees.
2. SETUP AND ONBOARDING
Work closely with us to complete any required paperwork and input necessary details into your systems. This step ensures that all parties are aligned and ready to move forward with the novated lease employee benefit arrangements.
3. SELECT DELEGATE OF AUTHORITY
As the final step, select a delegate of authority or designate a person within your organisation who will be responsible for signing the novated leases with employees. This individual will act as the point of contact between your organisation and us, ensuring smooth communication and coordination throughout the process.
Huge Extra EV Savings
Take the driver’s seat with huge savings through a novated lease for employees. Enjoy flexible terms, predictable payments, and the freedom to upgrade to the latest electric vehicles (EVs) from top brands. With all running costs covered, experience seamless driving and unmatched convenience while keeping more of your salary in your pocket.
Ready to Save on Your Salary?
Employed in a Government Department? We're Here to Assist You!
If any of the following government departments employ you, we can assist you in obtaining a novated lease for your vehicle:
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.
Have Any Questions?
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A novated lease for employees is a financial arrangement where your employer takes responsibility for your vehicle lease payments from your pre-tax salary. This allows you to benefit from tax savings while enjoying a fixed weekly payment for your vehicle.
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Yes, a novated lease offers great savings on electric vehicles (EVs) for employees. With top brands like Tesla, BYD, and Kia available, you can drive an eco-friendly car while enjoying all the tax benefits and flexible terms of a novated lease.
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A novated lease reduces your taxable income, which can lead to significant tax savings. Additionally, the fixed weekly payments cover all vehicle expenses, including servicing and registration, helping you save on ongoing costs compared to car loans or outright purchases.
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