Yes–it can be owned or under finance.

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.

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.

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

There will always be a difference. Whatever isn’t spent remains your money. Unused funds at the end of a lease (less any applicable tax) will be returned to you.

There is nothing to do as your tax savings are received every pay day. Your employer provided Group Certificate / Payment Summary will identify the reduced tax paid.

No. In fact, due to the savings, a novated lease can put you in a car that would otherwise not be affordable. Select here to do a quote and see for yourself.

Drivers Licence fees, Tolls, Parking, and infringements.

Yes. Someone just like you, who only uses the vehicle for personal (non-business) reasons is exactly who novated leasing was designed for.

No. Just use your car as you normally would.

1 – 5 years (total of 7 years) e.g.: at the end of a 5 year lease, you can extend the lease for a further 2 years.

Yes. The requirements are straightforward and depend upon whether the vehicle being purchased is from a dealer or a private purchase. We’ll help you know what needs to be done.

Absolutely. There are couple of additional checks to confirm the ownership and condition – to protect you. An Innovated Leasing consultant will help you know what needs to be done.

Yes, provided your car is no more than 10 years old at lease end. Now, instead of you experiencing the full cost of depreciation and fully paying for your car expenses yourself, you can share those costs with the government. Speak to an Innovated Leasing consultant to find out more.

Yes. You’ll need to provide us with your policy details so we can include it with your vehicle budget

Not as a pre-tax expense. You can still pay for them yourself but you can’t be reimbursed for the cost.

Your normal choices remain the same. You can:

1. Replace the car and commence another novate lease
2. Extend the lease (total of 7 years)
3. Sell the car (trade in or privately)
4. Keep the car (after paying the final payment).

Prior to your lease ending, we’ll contact you to discuss the options with you.

Easy. You can either:

1. Transfer the lease to your new employer (the most common option).
2. Continue paying the finance and running costs yourself.
3. (If the car is no longer needed) Payout the amount owed and keep any amount above what is owed.

Maintenance cost and savings.