Your novated leasing questions, answered.
The questions employees, employers and leasing providers ask us most.
What is a novated lease?
A novated lease is a three-way agreement between you, your employer and a leasing company. Your car and its running costs are paid from your salary — part of it before tax — which can reduce your taxable income.
How much can I save with a novated lease?
Savings depend on your salary, the car and how far you drive. Paying costs pre-tax plus GST savings on the purchase price and running costs typically saves thousands per year. Use our calculator for an indicative figure.
Why are electric vehicles so popular with novated leasing?
Eligible EVs under the luxury car tax threshold are exempt from Fringe Benefits Tax, which means the entire lease can usually be paid from pre-tax salary — the single biggest saving available in salary packaging.
What happens if I change jobs?
The lease is tied to you, not your employer. You can transfer it to your new employer, continue payments personally, or pay the lease out.
What is included in the weekly payment?
Typically finance, fuel or charging, servicing, tyres, registration, CTP and comprehensive insurance — bundled into one regular deduction.
What is the Novated Quoting Engine?
It is our quoting platform for leasing providers and salary packaging companies: ATO-aligned FBT and ECM calculations, Redbook vehicle data, financier and insurer integrations, and full approval workflows.
Can employers offer novated leasing at no cost?
Yes. Novated leasing is generally cost-neutral for employers — payments are deducted from the employee’s salary, and setup and administration are handled by the leasing provider.
Is the calculator on this site a formal quote?
No. The calculator provides indicative figures only and is not financial advice. A formal quote depends on your employer, financier rates and the FBT method that applies to you.