Your car, your choice - without the financial headache
How novated leasing works for drivers
If you’re thinking about buying your next car, we have a smarter way without compromises. Our personalised novated vehicle leasing solution puts more freedom, time and money back into your hands.
How novated leasing works for employers
Do you want a compelling perk that will help attract and retain more staff, and all without costing you an extra cent? Your staff save thousands every year, you claim all the credit, and you never have to lift a finger.
What is a novated lease?
Novated leasing through Leaselab gives you the freedom to choose any car you want while paying less tax. You also don’t have to pay the GST on the purchase price of the car, instantly saving you thousands of dollars.
Your repayments are fixed, so you always know what you’ll pay each month. Crunch the numbers on our novated lease calculator to discover how much you could save based on your salary and preferred vehicle.
How does a novated lease work?
Novated leasing through Leaselab gives you the freedom to choose any car you Novated leases are very straightforward. You pick your car, agree to a lease (usually 1–5 years), and your employer takes care of the payments before tax. It really is that easy.
Explore all the vehicles from your favourite manufacturers and newer entrants, all available on a novated lease.
Save more when you switch to electric
A novated lease can make owning an EV far more affordable, with potential tax savings worth thousands annually. Combined with the EV FBT exemption, many electric cars can actually end up costing similar to (or even less!) than cheaper petrol models.
Frequently Asked Questions
Why us for your novated lease?
We believe novated leasing should be mainstream – no longer a well-kept secret for the “in the know.” We’re here to show you that this isn’t just a way to finance a car – it’s an opportunity to maximise your tax savings, and we’ll be with you every step of the way.
Unlike the traditional, jargon-filled approach, we focus on educating you about how a novated lease actually works. This way, you can make informed decisions without all the confusion.
From your first quote to the end of your lease, we promise full transparency, fast support, and flexibility tailored to your situation.
Still curious? We’ve got answers. Or explore our current novated lease deals to see what's available now.
Who owns the car during a novated lease?
The finance company is the legal owner during the lease term (similar to a traditional car loan), but the vehicle is registered in your name and you have full use of it for work or personal purposes.
You drive it, fuel it, service it and look after it as if it were your own. At lease end, you can pay the residual to take ownership, refinance it or upgrade to a new car.
Is there a minimum salary required for a novated lease?
Approval depends on your borrowing capacity, similar to traditional finance. You need to demonstrate the ability to meet regular repayments. As it depends on your living situation, expenses and dependents, we’ll assess each application individually.
How long does a novated lease run?
Lease terms are flexible, typically ranging from 1-5 years depending on what suits you. Shorter terms mean higher residual (balloon) payments at the end, while longer terms spread costs more evenly.
Use our novated lease calculator to compare payments across different lease lengths and find what works for your budget.
Can I get a novated lease on a used car?
Absolutely. Many people choose used cars through novated leasing, especially with current new car wait times. Buying a used vehicle from a dealership still saves you GST on the purchase price.
The car generally needs to be under 12 years old at lease end and worth at least $5,000-$10,000 minimum (varies by lender).
Do I pay GST on the car or running costs?
No. With a novated lease, you generally don't pay GST on the purchase price of a new or used car (the leasing arrangement allows GST to be claimed back up to the luxury car tax limit). You also don't pay GST on running costs included in your lease, as the GST is claimed and passed to you through the lease structure.
Does my company need to offer novated leasing?
Check with your HR or payroll team. Many employers already offer it through staff intranet, onboarding packs or employee benefits programs. Some only set it up when employees request it. If your company doesn't currently offer novated leasing, we can work with your employer to put an arrangement in place at no cost to them.
Can I get a novated lease if I work for my own company?
Yes, if you're employed by and receiving a PAYG salary through your own company (e.g., Pty Ltd structure). This can be set up when commencing a new novated lease. Sole traders are not eligible as they're not considered employees receiving a traditional salary.
If you're self-employed without a company structure, you might need to consider alternative vehicle finance options or speak to a financial advisor about converting to Pty Ltd.
