What is a Novated Lease?
A car costs more than its purchase price – fuel, tyres, insurance, maintenance, rego, and finance all add up. A Novated Lease lets you pay for these from your pre-tax salary, slashing your tax and boosting your take-home pay, as shown with the State Custodians Novated Leasing Calculator.
Think of it as a salary packaging arrangement between you, your employer, and a leasing company. Your employer uses part of your salary to cover finance repayments and all the running costs. You get full control of the car for 100% personal use, without any additional tax
Even better? No GST on the vehicle purchase or running costs. That’s an instant 10% saving. Plus, under the new government policy, eligible electric vehicles are 100% tax-free – no fringe benefits tax, no luxury car tax threshold on EV below $91,387, just pure savings.
Drive smarter. Salary sacrifice is your way to a cost-effective, tax-friendly car.
What Are the Benefits of a Novated Lease Arrangement?
Convenience and no more big car bills!
You have the choice of including all vehicle running costs to maximise your tax savings. So you will never have to worry about vehicle bills again. A fuel card pays for fuel, tyres and servicing. When your registration and insurance fall due, simply send them in for payment. A Novated Lease is a great budgeting tool, whilst saving you thousands in tax.
New, used or multiple cars can be packaged?
A Novated Lease is available on any new, demo or used vehicle. The general rule is the vehicle can not be any older than 12 years at the end of the lease. For example a 7 year old car can be leased for 5 years. You can even take advantage of significant tax savings by arranging a Lease-back on a car you currently own or an existing car you have on finance. There is also the option to have multiple Novated Leases to maximise your vehicle tax for the whole family.
Who can drive the Car?
You can allow anyone to drive your car. As long as the driver is lawfully covered under your insurance policy, they are free to drive the car.
How much will a Novated Lease save me in tax?
Use our Novated Lease calculator, it’s free and we don’t ask for your personal details. This means you can do as many quotes as you like on as many different car prices and salary levels you need.
Can I get a Fleet Discount?
Absolutely. Vehicle Solutions gives you fleet discounts on new cars Australia-wide. But why stop there? Our sister company, MotorBuys, lets you crowdsource the best deal from every dealership Australia-wide. Simply submit an anonymous request for a new or used car, and dealerships compete to give you the best price.
The result is a lower purchase price, lower lease payments and even bigger savings.
Want a better deal?
What’s The Process of Establishing A Novated Lease?
Get a quote on the car of your choice
Use our online calculator and download a fact sheet to understand exactly how Salary Packaging can save you thousands on driving a car.
The calculator only needs a few simple details and you can get a quick quote immediately. No personal details required.
Get finance pre-approval
Apply for a pre-approval online by clicking HERE or call us on 1300 990 880 to do an application over the phone and get an approval that day.
The pre-approval is free and simply means you can shop with more confidence, it does not constitute ANY obligation. The approval will also assist in shortening the final steps in getting your new car delivered, and importantly can lock away the current fixed rate for up to 3 months.
Documents and delivery
We produce all documents and personally go through each document in detail with you.
We make sure that you understand the entire process before you enter into any agreement. Once signed and settled you can pick up your car and enjoy the drive knowing your saving tax and all budgeted expenses are covered.