Novated Leasing, Explained Clearly
Novated leasing can reduce your taxable income — but the structure is often misunderstood. We explain how it works, whether it suits your situation, and manage the arrangement from start to finish.
Start an enquiryWhat we can help with
- Salary packaging a new or used vehicle
- Employer arrangement setup guidance
- Fringe Benefits Tax (FBT) considerations
- Running costs bundled into the lease
- Electric vehicle novated leasing
- End-of-lease options explained
- Personal and business use vehicles
How it works
Check employer eligibility
Novated leasing requires your employer to participate in a salary packaging arrangement. We can help you understand what to ask your employer and whether your situation is suitable.
We explain the structure
We walk you through how a novated lease works — pre-tax salary deductions, running cost bundling, and what happens at the end of the lease term. We explain the finance structure clearly. For the tax implications specific to your situation, we recommend speaking with your accountant or financial adviser.
Vehicle selection and application
Once you have confirmed employer participation, we help structure the lease and manage the application process. Typical documents include employment confirmation and vehicle details.
Settlement and ongoing support
We manage settlement and remain your point of contact throughout the lease. Direct communication — no call centres.
Common questions
What is a novated lease?
A novated lease is a three-way arrangement between you, your employer, and a finance provider. Your employer makes lease payments from your pre-tax salary, which can reduce your taxable income. The vehicle remains yours if you change jobs — the lease simply reverts to a standard arrangement.
Does my employer need to be involved?
Yes. Novated leasing requires your employer to agree to salary packaging. Not all employers offer this. We can help you understand what to ask and whether your workplace is likely to participate.
Can I novate an electric vehicle?
Yes. Electric vehicles may have different FBT treatment — speak with your accountant or financial adviser about the tax implications for your specific situation. We can help with the finance structure.
What happens at the end of the lease?
At the end of the lease term you typically have options: pay a residual amount to own the vehicle outright, refinance the residual, or return the vehicle. We will explain these options clearly before you commit.
What if I change jobs?
If you change employers, the novated arrangement ends and the lease reverts to a standard finance agreement in your name. We will explain the implications before you proceed.
How does broker remuneration work?
We charge a brokerage fee for our service. We may also receive a commission from the lender when a loan is settled. Both will be disclosed to you before you proceed.
Can you advise me on the tax benefits of a novated lease?
We can explain how the finance structure of a novated lease works, including how pre-tax salary deductions are typically arranged. However, we are not registered tax agents and cannot provide tax advice. The tax implications of a novated lease — including Fringe Benefits Tax (FBT) — depend on your individual circumstances. We recommend speaking with a registered tax agent or accountant before proceeding.
Interested in a novated lease?
We will explain whether it suits your situation before anything is lodged.
Credit products are subject to lender eligibility criteria, credit assessment, and approval. Applicants may or may not qualify. Whether a product is suitable for you will depend on your individual circumstances. Novated leasing also requires employer participation — not all employers offer salary packaging arrangements.
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