What is Novated Leasing?

A novated vehicle lease is an arrangement between you, your employer and LeasePlan where the obligation for the payment of lease rentals is transferred (novated) from you to your employer for the term of the agreement.

Your employer pays your lease rentals and operating costs directly to LeasePlan by deducting an agreed, fixed amount from your salary.

You enjoy:

  • Significant discounts on new vehicle prices through LeasePlan’s buying power
  • Great savings above retail on vehicle operating costs (fuel, maintenance, repairs, etc)
  • Significant pre-tax savings on lease and operating costs
  • Choice of an extensive range of vehicles
  • GST free motoring
  • Eliminated FBT liability with Employee Contribution Method (ECM)
  • A vehicle registered in your name, no stamp duty if it is purchased at lease end
  • A potential income tax-free lump sum benefit at lease expiry

Included in your fixed salary deduction payments:

  • Maintenance and repairs
  • Tyres
  • Registration
  • Roadside Assistance
  • Fuel
  • Comprehensive insurance
  • Miscellaneous operating costs

Before you make a decision, have clear information on all of these:

  • Interest Rate
  • Management Fees
  • Lease establishment fees (nil with LeasePlan)
  • Unnecessary fees (extended warranties, car care, etc)
  • End of lease costs and charges

Is your employer already a customer? 

Log on now to find out how novated leasing can work for you.

You can also try our leasing calculator, and tell your employer how much more successful they can be with LeasePlan. 

Grow is for small business, just for small business.

Grow removes the daily distraction of managing vehicles, allowing you to focus on what you need to do - grow.

Want to Grow? Visit the website, play with the calculator, understand a bit more about how Grow works, and ask us how we can help you.

Find out more