• Novated leasing explained

  • What is a novated lease?

    It’s a tax-effective agreement between you, your employer and LeasePlan that lets you lease a vehicle of your choice. You finance the vehicle and its operating costs with a combination of before and after-tax salary. 
     
    The obligation for the payment of lease rentals is transferred (novated) from you to your employer for the term of the agreement. Your employer makes the necessary deductions via payroll and pays the lease rentals and operating costs directly to LeasePlan.
     
    You retain ultimate responsibility to make any payments under the lease in the event that you leave your employer or if your employer fails to make payments on your behalf.

     

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    • Registration and CTP
      Initial registration and annual renewals are managed for you by LeasePlan, with all costs included in your payments. No need to find the cash when that bill is due each year.
       
    • Comprehensive insurance
      LeasePlan offers competitive premiums for quality, comprehensive insurance, included as part of your packaging benefit.
       
    • Roadside Assistance (RA)
      Complementary to any membership provided by your vehicle’s manufacturer, LeasePlan includes this in your lease payments only if and when your manufacturer RA doesn't cover your full lease term.

    What is included?

    • Your vehicle
      Choose the best car to suit your needs, new or even second-hand if you wish. LeasePlan can help you get the best price with our network of preferred suppliers.
       
    • Fuel
      Use your LeasePlan fuel card when you fill up and enjoy cashless driving. All your fuel is covered in your payments.
       
    • Repairs and maintenance
      Vehicle servicing is included your monthly payment and is checked and authorised by our team of qualified mechanics to ensure all work carried out is necessary and done at the best price.​
       
    • Tyres, batteries and windscreen
      Any replacement tyres, batteries or windscreens you may need during the term are also included. Find your nearest provider with our Supplier Finder.
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    What isn't a novated lease?

    • It’s not just for people who drive lots of kilometres
      You get the same tax benefits no matter how much or how little you drive
       
    • It’s not just for employees who earn lots of money
      In fact, the benefits are better for everyone below the top marginal income tax rate 
       
    • It’s not just for new cars
      LeasePlan lets you lease second hand cars too 
    • It’s not too expensive
      If the numbers look big versus other car buying options, don’t forget to include, fuel, insurance, servicing, replacement tyres… it all adds up and novated is cheaper!
  • Savings with a novated lease

    Get a great price on a new car of your choice, pay less income tax, get GST free vehicle running costs and save plenty with LeasePlan’s pre-negotiated discounts.

    Read more

    How to get a novated lease

    Choose your car, order it then hit the road. It really is that easy and LeasePlan will help with every step. From understanding the application to getting your car to support on the road. 

    Read more

  • Let's talk numbers

    You can ask us for help or you can get yourself a better understanding of how it works and why it can save you money with our online calculator.