Choose your plan

A novated lease needn’t just include your car. Maximise savings by including your running costs.

Novated lease plans

The guide below will give you a good idea of the options available to you. Remember, a novated lease can do more than simply cover your car. You can cover all your running costs in the package to maximise your savings.

 
Most popular

Basic

Just the car

No running costs

Fuel card
Servicing costs
Tyres
Car registration
Insurance costs
Roadside assistance

Won’t pay GST on the purchase of your car
Access to wholesale pricing

Estimated savings on a $36,000 car over 3 years:

$6,000 to $16,000

Ideal for you if:

You only want the car and nothing else included

Why this plan is great:

You can keep your preferred providers for servicing, insurance and other running costs.

Things to consider:

You’ll save less overall, including no savings on petrol.

Tailored

The car + your choices

Pick and choose your running costs

Fuel card
Servicing costs
Tyres
Car registration
Insurance costs
Roadside assistance

Won’t pay GST on the purchase of your car
Access to wholesale pricing

Estimated savings on a $36,000 car over 3 years:

$10,000 to $24,000

Ideal for you if:

You only want some running costs included

Why this plan is great:

You can keep your preferred providers or use ours wherever you want.

Things to consider:

You won’t save on the items you don’t include, so less savings overall.

Fully covered

The car + everything

All running costs in one payment

Fuel card
Servicing costs
Tyres
Car registration
Insurance costs
Roadside assistance

Won’t pay GST on the purchase of your car
Access to wholesale pricing

Estimated savings on a $36,000 car over 3 years:

$12,000 to $26,000

Ideal for you if:

You want to minimise tax as much as possible

Why this plan is great:

This rolls everything into your pre-tax salary, so you save on all car expenses.

Things to consider:

Our fuel cards cover 93% of stations. If yours isn't covered, you can always claim it later.

Which novated lease plan is right for me?

The right plan for you depends on your preferences and unique circumstances. In most cases, a fully covered plan works best for those looking to reduce their tax as much as possible. But we understand that many folks would rather pick and choose based on what works for them.

Over years of experience, we’ve honed our knack for finding the most cost-effective novated lease package for each person. We like to think we’re pretty good at turning over every stone and maximising savings when we look after each person’s individual needs.

In addition to saving on tax and GST, you’ll also be eligible for fuel discounts and fleet pricing on parts and labour. As specialists in novated lease management, we secure compelling discounts for you, on both your vehicle and running costs.

Easy budgeting with our novated lease plans

As all vehicle costs are accounted for in a novated lease, budgeting is simple, and you won’t get bill shock when your rego or insurance costs arrive. At the start of your lease, we accurately budget the future running costs of your vehicle based on your needs and historical usage. This allows for an easy payment that’s the same amount every pay cycle throughout your lease. You can adjust the forecast however you’d like at the start, and if you have a surplus at the end of your lease, the funds are returned to you.

We provide you with a card to use when you buy fuel and a card to pay for all of your servicing costs – and these costs are simply deducted from your account, which means no money out of pocket. On top of that, we provide you full support throughout your lease, so you can track all of your vehicle expenditure and keep full transparency of your vehicle usage.

Expert management for your novated lease

No matter which plan you choose, we’ll closely manage your lease, processing any expenses, checking all charges on your account from third parties, ensuring your invoices are paid on time, and offering transparent account reporting that is near real time (as close as can be done). All of this makes your life much easier at tax time. Most novated lease providers outsource this critical aspect of lease account management, leading to frustration for clients and lack of clarity around account security.

FAQs about novated lease plans

  • Log books are for calculating the business use on a car – so if you don’t use your car for business, you don’t need to keep a log book. If you do use your car for business, you’ll only need a log book if you choose the operating cost method to calculate your fringe benefits tax (FBT). Under this method, you’d need to keep a log book for 12 weeks during the lease term (so if you have a 5-year lease, that’s 12 weeks in 5 years). We’ll ask you a few questions to assess your situation and let you know which FBT calculation method is the best option for your unique situation.

  • As long as your car is less than 10 years old at the end of a lease agreement or is a classic car, you can get what we call a ‘Sale and Leaseback‘ novated lease, keep your own car and start reducing your tax bill. Don’t think you need to get a new car to jump on board.

  • New cars, used cars and even currently owned vehicles are eligible as novated lease vehicles. There are some minor rules from the ATO to be aware of:

    • The car can’t have a carrying capacity of more than one tonne

    • The car can’t be designed principally to carry a large number of passengers (i.e. it can’t be a minivan). Anything with the carrying capacity of less than 8 seats is fine.

    • Generally, financiers don’t like to finance cars that are older than 10 years at the end of the lease (so for a 3-year lease, the car can be a maximum of 7 years old). There are exceptions for classic cars.

  • Under a novated lease, the financier owns the car – you’ll be leasing it off them for the lease term. However, it’s registered in your name and you can drive it like it’s your own. And at the end of your lease, you can choose to pay off the remaining balance (called the ‘residual’) and own your car.

  • In short, no. We’ll always need your employer approval to get you onto a novated lease – because your employer needs to make the payments on your behalf out of your pre-tax income. By “employer” we mean that you are a PAYG employee - so if you are a small business owner, provided you pay yourself through PAYG and not directors fees, you will satisfy the “employer” requirement.

    If you don’t have an employer, you might like to look at a chattel mortgage or a secured car loan to get into a new car, but it’s important to know that you won’t make any tax savings on these products.

    If you’re on a novated lease and you leave your job for any reason, you’ll need to keep making the regular payments yourself until you find a new role. For that period you won’t make any tax savings, but when you get a new role you can transfer your existing lease to your new employer (we can help with that too).

  • No, a novated lease doesn’t add tax complexity because your payments are handled by your employer. Come tax time, all you need to do is submit your tax return as you normally would. All your vehicle expenses are rolled into your novated lease and are taken care of by your employer in your payslips. In addition, our vehicle reports will help you to complete your tax return if you’d like to go a bit deeper. We’re happy to talk you through the process if you have questions, just give us a ring.

Get in touch

If you’re still thinking “what the heck is it?” after browsing our plans, give us a call on 1300 888 594 and we’ll be more than happy to chat it all through.