Novated Lease for Employers
Novated Lease for Employers
A novated lease can be a simple and cost effective way for your employees to purchase their next car
This popular salary packaging tool could offer employees a tax-effective way to free up their cash. It includes running costs with flexible terms and is simple to set up. What’s more, there’s no impact on your business’s balance sheet.
Why offering novated leases is great for employers
Reward your staff
A novated lease is a great way to attract and retain staff, helping you add more value to their remuneration package.
Easy to manage with no cost to your business
Everything is handled with one, simple monthly invoice, and there’s no impact on your business’s balance sheet.
Full support
Chat with our novated lease experts any time from Monday to Friday, 8.45am to 7pm AET.
Lower overheads
Boost your team’s mobility with this off-balance sheet product, which can help to reduce your payroll tax.
What's included
Just one monthly payment covers all the big-ticket costs of owning the car.
| Upfront costs: | Running costs: |
|---|---|
| ✓ Car price and accessories | ✓ Mechanical repairs, maintenance and servicing |
| ✓ Dealer delivery charges | ✓ Replacement tyres |
| ✓ First year registration and CTP insurance | ✓ Fuel |
| ✓ Purchase stamp duty | ✓ Roadside assistance |
| ✓ Novated lease establishment fee | ✓ Comprehensive car insurance |
| ✓ Personal Property Security registration fee | ✓ Registration/CTP renewals |
| ✓ Luxury Car Tax (if applicable) |
What's not included
• Tolls
• Fines
• Insurance excess
Like to know more, or are you ready to get started?
Our novated lease experts are on-hand to answer any questions and talk through your options.
Frequently Asked Questions
| Why choose Toyota Fleet Management for your novated lease? Toyota Fleet Management is part of the Toyota group of companies, so trust is embedded in our DNA. We believe strongly in being open and honest with our customers and making sure they get the best deal on their novated lease. |
| What are the tax benefits of a novated lease? A novated lease lets you take advantage of a range of tax benefits including: • GST credits (input tax credit), on the initial vehicle purchase (capped in accordance with the Luxury Car Limit) • GST credits on vehicle running costs including maintenance, tyres and fuel • Fringe Benefits Tax (FBT), which can lower your tax liability when you package all or a significant amount of the vehicle lease and running costs through your pre-tax (gross) salary. |
| How do I know I am getting a good deal? We don't believe in disguising our rates, as we have nothing to hide. Unlike other novated lease providers, all our rates, fees and charges are fully disclosed on our quotes and on our comprehensive online calculators. That means it's easy and convenient for you to compare, so you know you are getting the best deal on your novated lease. |
| How else can I save with a Toyota Finance novated lease? You can save and enjoy discounts on: • The purchase price of your car • Fuel Negotiated parts and labour rates using Toyota Finance buying power for: • Maintenance • Servicing • Tyres |