Salary package your next car and save on tax, GST and running costs. A smart way to drive—especially for electric vehicles with zero FBT.
Typical benefits
*EVs below luxury car threshold. Individual savings vary.
A three-way agreement that lets you salary package your car and running costs.
Choose your car and enjoy reduced taxable income through pre-tax payments.
Makes payments from your pre-tax salary. No cost to them—just payroll admin.
Owns the vehicle during the lease and receives payments from your employer.
A novated lease "novates" (transfers) your personal car lease obligation to your employer. They agree to make the lease payments from your salary package on your behalf.
The beauty? Your lease payments come from pre-tax income, and you can also package running costs like fuel, insurance, registration and servicing—all GST-free. If you leave your job, the lease simply transfers back to you or your new employer.
There's a reason novated leasing is one of Australia's most popular salary packaging options.
Payments come from pre-tax salary, reducing your taxable income and the tax you pay.
Save 10% on the purchase price and running costs—GST doesn't apply to salary packaged items.
Electric vehicles below the luxury car threshold attract zero Fringe Benefits Tax—huge savings.
Include fuel, insurance, rego, servicing and tyres in one simple payment from your salary.
Change jobs? Your novated lease transfers to your new employer or converts to a personal lease.
Access corporate buying power for better deals on vehicles, insurance and servicing.
The Australian Government's FBT exemption for electric vehicles makes novated leasing especially attractive for EVs. If your EV is below the luxury car threshold, you pay zero Fringe Benefits Tax—maximising your savings.
Fringe Benefits Tax exemption applies to eligible electric and plug-in hybrid vehicles below the luxury car threshold.
Novated leasing works for many employees, but these groups often see the biggest savings.
The higher your marginal tax rate, the more you save with pre-tax payments. Those in higher tax brackets see the biggest benefits.
Zero FBT on eligible electric vehicles makes novated leasing the most tax-effective way to drive an EV in Australia.
More kilometres means more fuel costs you can package from pre-tax income. Running costs add up to significant savings.
One simple payment covers everything—no surprise costs. Makes budgeting easy and reduces your effective outlay.
From first enquiry to driving away in your new car.
Confirm your employer offers salary packaging.
We calculate your savings and package options.
New or used, dealer or private—your choice.
Agreements signed, payroll configured.
Collect your car and start saving!
Quick answers to common questions.
No. Your employer simply deducts payments from your salary and remits them to the finance company. There's no cost to them beyond minor payroll administration.
Your lease transfers with you. You can continue with a new employer who offers salary packaging, or convert to a personal finance arrangement.
Yes! You can novate new or used vehicles, including cars you already own (refinancing into a novated lease structure).
Typically fuel, registration, insurance, servicing, tyres and roadside assist. You budget an annual amount which is spread across your salary payments.
Savings depend on your income, tax bracket, vehicle choice and running costs. We provide a personalised quote showing your specific savings before you commit.
Yes, novated leases have a residual (balloon) payment at the end. You can pay it out, refinance, trade in, or start a new lease on another car.
Get a personalised novated lease quote and see exactly how much you could save on your next car.
Or email hello@mortgagefinanceadvisory.com.au
