Lease with ease

Novated leasing for employees

Discover the benefits of novated leasing and enjoy the convenience of managing your vehicle expenses. Get a quote today!

Employee benefits

Benefits of novated leasing

With a novated lease, you can enjoy reduced taxable income and gain access to
fleet discounts, saving you money and providing greater flexibility in vehicle choice.

Increased income

By paying for vehicle costs directly from pre-tax salary, novated leasing delivers substantial tax savings. This enhances a salary package by an average of 15% per vehicle, effectively increasing net income without changing base pay.

Affordable new cars

Novated leasing makes new cars more affordable by reducing the purchase price, finance, and running costs. This affordability extends to electric vehicles, where the savings are even greater, making them comparable in cost to standard vehicles.

Simplified car ownership

Novated leasing eliminates the hassle of managing car expenses by bundling all costs into one convenient, pre-tax deduction—making car ownership simpler and stress-free.

Environmentally-friendly

Opting for an electric vehicle through novated leasing enhances savings even further. EV's are paid 100% pre-tax + no GST to pay. With an EV a salary package can increase up to 33%.

Summary

Employees

There are really just 2 choices:

  • Pay for everything without any savings and pay more tax, leaving you with less take-home salary, and struggle to get ahead on your own
  • Or reduce your car costs and pay less tax

Salary Package Increases by 15%, often more

and up to a 33% salary package increase with electric vehicles.

Process

How your novated lease works

Choose and apply

Select your dream car, apply for finance and sign the lease documents.
A novated lease can work with a new or used car or even one you already own.

Pay

Your novated lease payment is deducted from your salary before it is taxed. This payment includes running costs: fuel, tyres, servicing, insurance and registration.

Save

Reduce your income tax and maximise your take-home pay.

Enjoy

Experience peace of mind with our comprehensive servicing and maintenance program. Then use your extra take home pay to do more, see more and have more!

FAQs

Get answers to your questions about novated leasing.

Can I pay for my existing car as a novated lease?

Yes–it can be owned or under finance.

What's the minimum and maximum value of car I can get?
  • The minimum is $5,000
  • The maximum depends on your income
With a lease, do I ever own a car?

Yes, you can. It’s a lot like a home loan, the home is yours to use as you like and then becomes completely yours when you make the final payment. A car lease is much the same.

If my car is under finance, can I still receive the tax savings from a novated lease?

Yes. The finance type needs to be changed to a ‘lease’ and then a good portion (if not all) of your repayments and running costs can be paid pre-tax. This can still happen even if the amount owed exceeds the value. Speak to an Innovated Leasing consultant to find out more.

How long does the finance application take?

Formal approval takes up to 24 hours, often on the same day (dependent upon when the application is received).

Find your new car today

Don’t be the one left behind, get a quote and see how much you can save.