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All your car costs in one regular payment
Instead of paying for your car from your after-tax income, a novated lease allows you you to bundle most eligible running costs, and payments are typically made using your pre-tax salary (where your employer offers salary packaging). This may reduce your taxable income depending on your circumstances.
In some cases, this option could provide tax benefits compared to buying a car outright or using a standard car loan.
What do you get with a novated lease?
No upfront deposit (in most cases)
No upfront GST on the purchase price*
One regular, simple payment
Bundle most eligible running costs
Flexible lease terms (1–5 years)
Potential tax savings benefits
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A great way to go electric
Eligible electric vehicles (EVs) may benefit from the Australian Government’s Fringe Benefits Tax (FBT) exemption, which can make novated leasing particularly attractive for EVs, and some low-emission vehicles.
This exemption may reduce the overall cost of leasing an eligible vehicle when salary packaged through an employer.
Thinking about a novated lease on an electric vehicle?
Shop electric vehicles
Is a novated lease right for you?
A novated lease can be a convenient way to finance an eligible vehicle, and bundle your car payments, including most eligible running costs for employees who want access potential tax benefits.
However, it’s important to compare your options and understand the total cost over the full lease term before making a decision.
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How a novated lease works
STEP 1
Choose your car
Find the right car for you on easyauto123
STEP 2
Package your salary
Manage payments using some of your pre-tax salary
STEP 3
Pay and drive happy
Eligible running costs are bundled into one regular payment