Experience the Luxury of a New Mercedes with a Novated Lease from LeaseLab
Mercedes-Benz is synonymous with luxury, innovation, and performance. From the sleek C-Class to the powerful GLE, and now including the cutting-edge EQS electric sedan, the innovative EQB 250+ and EQA 250, Mercedes vehicles set the standard for premium driving experiences.
Securing a Mercedes novated lease through LeaseLab allows you to experience Mercedes ownership for yourself while enjoying the multitude of benefits that only a novated lease can offer.
Discover the Benefits of a Mercedes Benz Novated Lease with LeaseLab
Choosing a Mercedes novated lease offers a range of compelling financial advantages. When you opt for a novated lease for your Mercedes with LeaseLab, your lease payments are deducted from your pre-tax salary. This reduces your taxable income, effectively increasing your take-home pay.
You can bundle your Mercedes running costs, such as fuel, insurance, maintenance, and charging expenses for electric Mercedes models, into your lease as well, further reducing your taxable income while enjoying the convenience of a single, regular and predictable payment covering all of your vehicle expenses.
Additionally, with a novated lease for your Mercedes, you'll avoid paying GST on both the purchase price and the running costs of your vehicle, resulting in even greater savings.
For those choosing an electric model like the EQS, there are further benefits. You may qualify for the federal government's fringe benefits tax (FBT) exemption for electric and low-emission vehicles under the luxury car tax threshold, further enhancing your savings.
Estimate your savings with our calculator
Use this calculator to get an instant estimate on how much you can save. The calculation includes the car, fuel or electricity and on-road running costs to maximise your savings. The information you share here is secure and only used for the purposes of this estimate.
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Frequently Asked Questions
How do I get a novated lease for a Mercedes?
Securing a novated lease for a Mercedes with LeaseLab is straightforward. You can start by requesting a quick, obligation-free quote. If you're satisfied with the quote, we'll assist you with finance pre-approval while you select your Mercedes-Benz. Once you've chosen your vehicle, we'll help you secure it, often at competitive wholesale or fleet prices.
Then, you and your employer sign the necessary paperwork to set up your Mercedes novated lease payments from your pre-tax salary. After final approval, you'll receive a welcome kit and you’re good to go!
How does a novated lease for a Mercedes differ from a car loan?
A Mercedes novated lease is different from a car loan in several key ways. With a car loan, your repayments are made from your post-tax salary, meaning you pay for the loan after taxes have been deducted from your earnings. In contrast, a novated lease for a Mercedes comes out of your pre-tax salary, allowing you to make lease payments before taxes are applied.
This arrangement reduces your taxable income, leading to significant tax savings. Typically, these tax savings surpass the interest costs associated with the lease, making a Mercedes-novated lease a more financially advantageous option compared to a traditional car loan.
What can be included in a Mercedes novated lease package?
A Mercedes novated lease package can cover the vehicle itself plus a wide range of running costs. This includes fuel, servicing, tyres, insurance, roadside assistance, charging, and registration. The more expenses you bundle into your Mercedes novated lease, the greater your tax savings will be. However, we understand that some people prefer to manage certain aspects, such as insurance or servicing, separately. Our flexible plans accommodate various preferences, offering options that range from just the car to comprehensive packages that cover all running costs.
It's worth noting that certain items, like road tolls, parking fees, fines, and accessories added post-delivery, can’t be included as they are not considered legitimate operating costs by the ATO. For detailed comparisons and to choose the best plan for you, explore our Mercedes novated lease options on our plans page.