What is Novated Leasing?
A Novated Lease is an easy and cost-effective way to finance a new or used car.
A novated lease is a type of salary packaging arrangement that you can make with your employer, where you agree to set aside some of your pre-tax salary to pay for a new or used car of your choice and all the running costs that come with it. At Fleet Network by Paywise, we offer novated leases for employees across a wide range of industries, and we can help get you in your next new or used car sooner (whilst potentially saving thousands).
A novated lease can get you the new or used car of your dreams
Fleet Network is one of Australia’s leading Novated Leasing companies.
We help government and private employees in Australia secure their dream vehicle through a novated car lease. This means you can finance, salary sacrifice and save on the car of your dreams and all the costs to run it. A novated lease works by allowing you to finance a car using pre-tax income, which can significantly reduce your taxable income.
How do we do this? Through salary sacrificing a new or second-hand car via a novated car leasing program! It’s time to say goodbye to regular car loans and say hello to a novated lease – the simplest and most cost-effective way to purchase your car and cover all the running costs that are associated with owning a new or used car.
Get A Quote!
4 hour response time!Why is a Novated Car Lease right for you?
We know you want to spend more time doing the things that make you happy, not budgeting and trying to figure out the things you don’t understand. This is where novated leasing comes in.
Whether you are looking to upgrade or thinking about purchasing a luxury vehicle, a novated lease can help you secure your next car. A novated car lease includes more than just the finance.
Using our novated lease calculator, you can see examples of how the purchase price of the car and its running costs t are calculated into the lease for you into one easy repayment in line with your pay cycle. So, spend less time budgeting and more time doing the things you love.
With novated leasing, not only will you be getting the best deal on the purchase price of your next car, but all your car-related running costs are also covered with a single monthly payment from your pre-tax salary. This can include:
- Finance Payment
- Fuel or charging cost
- Comprehensive Insurance
- Registration
- Tyres
- Servicing
How does Novated Leasing work?
- It’s a three-way lease agreement between an employee, employer and a novated lease provider like us, Fleet Network. This agreement allows government and most private employees to finance a car of their choice and all the running costs that come with it, using pre-tax income.
- A novated car lease term can be anywhere between 1 and 5 years. Each monthly payment goes towards reducing the balance of your lease. Because each payment is automatically deducted from your pre-tax salary, you won’t need to worry about remembering to make payments.
- With a novated lease and salary packaging, you’ll receive significant tax savings and benefits, compared to financing the car on your own.
Because the lease payments are deducted from your gross (pre-tax) income, you effectively reduce your taxable income, which can lower the amount of income tax you pay. This can result in tax savings, making a novated lease a popular choice for employees looking to drive a new car, while maximising their salary.
No matter what type of car you’re looking for, where you live in Australia, or what you do, when you choose Fleet Network for your novated lease, we’ll make it our mission to find the car you want at the best possible price.
From trying out our novated lease calculator, to your initial novated lease enquiry, car purchase and finance, right through to administration and novated car lease payments, we’re here for you. Our expert salary packaging consultants manage the entire process for you, with nothing for you to do but sit back and enjoy the seamless experience and our personalised service (whilst in your new car of course).
Select your make and model
Browse our wide range of auto brands to choose either a new or used car.
Submit an enquiry
Get in touch with one of our expert consultants to discuss your finance needs and current employment situation.
Receive your quote
We’ll come back to you with a quote on your chosen car, monthly lease payments, and expected annual savings.
Gain finance approval
Once you’ve gained finance approval and are happy to go ahead, we’ll work with your employer to set up regular payments on your behalf from your pre-tax salary.
Drive away in your new car
Enjoy your new car while saving more on income tax, fuel, registration, servicing, and other running costs.
Calculate how much you’ll save when you switch to a novated lease with Fleet Network
Do you have a car loan? Switching to a novated lease could save you thousands. Simply use our novated lease calculator to see how much you’ll save.
Testimonials
Extremely professional!
Mitch and Helena are both a pleasure to deal with and were always happy to help with my enquirers. I have dealt with other leasing companies over the years but none of them were as professional and helpful as these two guys. I can’t speak highly enough of them, an asset to the business. Thanks guys, great work.
John Rekia
WA Police
The service has been outstanding
From my first enquiry to the delivery of my new car, the service has been outstanding. I would highly recommend Fleet Network to anyone considering salary packaging.
Frequently Asked Questions
What is included in a novated lease?
With a novated lease, typically, your lease payments include your finance repayment, fuel or charging costs, comprehensive insurance, registration, servicing, and tyres.
Does the car I lease have to be new?
No, the car doesn’t have to be new, but it does have to be less than 12 years old at the end of the lease. For example, if you want to lease a car that is 8 years old at the time of leasing, the maximum lease term would then be 4 years.
When it comes to a novated lease, leasing new cars is a preferrable option. As a major part of the cost of the lease is the running costs (such as maintenance and fuel), there is often very little difference in the reduction of your take home salary between new and second-hand vehicles.
Whilst purchasing a second-hand vehicle offers the opportunity to find a reliable car at a more accessible price point, important parts such as tyres, may not be in premium condition when you purchase second-hand compared to when they would be purchased new. This means over time they will almost certainly need replacing for more than the lease budget would allow.
When arranging a car through a novated lease, can I use my own insurance provider?
Yes, of course. While offering you options, Fleet Network also allows our Members to maximise the benefits of a novated lease by having the freedom to choose the insurance provider that suits them best.
Can I salary package my own car via a novated lease?
Yes, you can. If you have an existing vehicle on finance, we can arrange to transfer that vehicle and the loan to a novated lease, allowing you to take full advantage of the tax savings and benefits of novated leasing.
Can I lease a privately owned vehicle?
Yes, you can lease a privately owned vehicle. A Fleet Network consultant will help you through this process from start to finish.
Do I earn enough to benefit from a novated lease?
We’ll outline what benefits you’ll receive depending on your income at the time of receiving your personalised novated lease quote. However regardless of your income level, novated leasing a vehicle can offer you significant tax benefits. You won’t need to pay GST on a new car purchased through a dealership with a novated lease which can potentially save you thousands, in addition to GST savings on certain running expenses. Speak to us to see what savings are available to you.