Novated Car Lease

What is Novated Car Lease?
A novated car lease is a smart way for employees to finance a vehicle using their pre-tax income, creating significant tax savings while keeping repayments simple and manageable.
This three-way agreement involves the employee, their employer, and a financier. The employee selects a vehicle, and the financier provides the lease. The employer then makes the lease repayments on behalf of the employee by deducting them directly from their pre-tax salary.
By using pre-tax income, you reduce your taxable income—helping you save money while enjoying the use of your car.
How Does a Novated Lease Work?
Here’s the typical process:
- Choose your car – Select a new or used vehicle that suits your needs.
- Set up the lease – A financier purchases the vehicle and establishes a lease agreement.
- Salary sacrifice – Your employer deducts the lease payments from your pre-tax salary and pays them to the financier.
- Drive away and save – You enjoy your car while benefiting from reduced taxable income.
Lease terms usually range from 1 to 5 years, with repayments scheduled weekly, fortnightly, or monthly—providing flexibility to suit your financial situation.

Benefits of a Novated Lease
Tax-effective vehicle financing
No deposit required
Simple budgeting
Employer benefits
Flexibility

Fixed Interest Rates for Stability
At Natloans, our novated leases feature fixed interest rates.
This means your repayments stay the same for the life of the lease, giving you greater certainty and making it easier to plan your budget.
Fees and Charges
When setting up a novated lease, some fees apply:
Establishment fee
Cash booklet fee
GST on repayments
Note: Establishment fees cannot be included in the finance amount and must be paid when the lease is set up.
Why Use Natloans for Your Novated Lease?
- Wide panel of lenders: Access competitive lease options from multiple financiers.
- Tailored advice: We help you structure a novated lease that maximizes your tax benefits.
- End-to-end support: From car selection to paperwork, we handle the details.
- Expert guidance: We simplify the process, ensuring you get the best outcome for your situation.
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