Toyota Corolla

Lease the

Toyota Corolla

from

$

168 $

168 Per Week

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Car Overview

HURRY! PHEV FBT Exemption Ends March 31 – Order Now.

The fringe benefits tax (FBT) exemption for plug-in hybrid electric vehicles (PHEVs) will end on 31 March 2025. To take advantage of the current exemption, new PHEV leases must be fully settled and delivered before this date. For existing leases, any changes made after 1 April 2025—such as refinancing, extending the lease, pausing due to unpaid leave, or changing employers—will result in the loss of the FBT exemption. If you're considering refinancing, transferring, or starting a new lease, acting before 1 April 2025 could help secure the exemption for the remainder of your lease term.

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Toyota Corolla

Compare Variants

ASCENT SPORT

Sedan

Petrol

From

$

168 $

168

per week

SX HEV

Sedan

Hybrid

From

$

178 $

178

per week

ZR HYBRID

Hatchback

Hybrid

From

$

183 $

183

per week

ZR HEV

Sedan

Hybrid

From

$

194 $

194

per week

Drive a New Toyota Corolla with a Novated Lease from LeaseLab

A popular choice for all types of drivers, the Toyota Corolla pairs reliability and fuel efficiency with a modern, European-inspired design that delivers big on performance. The ideal vehicle for urban commuting or long-distance journeys, the Corolla is known for its comfort and functionality. Securing a new Toyota Corolla on a novated lease with LeaseLab means you can enjoy all the benefits that come with owning this best-selling vehicle model while reaping the significant financial rewards that other financing solutions can’t beat.

Why Choose a Novated Lease for Your Toyota Corolla with LeaseLab?

Choosing a novated lease for a Toyota Corolla comes with a host of enviable financial perks. When you lease a Toyota Corolla, your novated lease payments, as well as running costs like fuel, insurance premiums, tyres and maintenance, are deducted from your pre-tax salary, much like salary-sacrificing. This reduces your taxable income, allowing you to take home more of your earnings. A Toyota Corolla novated lease gives you the option to bundle all vehicle-related expenses into one regular, predictable payment, eliminating financial surprises and simplifying your budget planning.

Save More on Your Toyota Corolla with a Novated Lease LeaseLab

With a Toyota Corolla novated lease you won't pay GST on the vehicle purchase price or any running costs, giving you a 10% saving from day one. And, the flexibility and ease of a novated lease through LeaseLab means you will enjoy all the benefits of driving a brand new Corolla of any kind without restrictions on personal use, unlike some traditional financing solutions.

Novated Lease Calculator

Estimate your annual tax savings

Thousands in potential savings await you every year, and we want to be the ones to deliver the good news! The information you share is secure and only used for the purposes of an estimate. And please remember these figures are indicative only. Get in touch for personalised numbers based on your unique situation.

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The Process

How It Works

A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.

You + Your Vehicle

Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.

You + Your Employer

An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.

You + Leaselab

With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.

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