Novated Leasing

Novated leasing is a popular, tax-effective way to finance a car. It’s a three-way agreement between you, your employer, and a finance provider, where your employer deducts the lease payments from your pre-tax salary—lowering your taxable income and reducing your overall tax burden.

You choose the vehicle and agree on the lease terms, which typically include bundled running costs such as fuel, maintenance, insurance, registration, and servicing. Your employer then makes the lease payments from your pre-tax income, making the process straightforward and convenient.

The key benefits include substantial tax savings by using your pre-tax income, access to discounts on fuel, servicing, and insurance, and GST savings on the purchase price. Additionally, many packages offer fuel card discounts and special rates on electric vehicles, making car ownership both affordable and environmentally friendly.

In most cases, a novated lease covers all running costs—including fuel, maintenance, insurance, registration, and servicing—so you benefit from a single, manageable monthly payment that simplifies budgeting and keeps your expenses in check.

Absolutely. A novated lease provides the flexibility to use your car for both work and personal purposes, and you can even allow other drivers to use it. Plus, you get to choose the car that best fits your lifestyle.

It’s subject to approval by the financier of course, but yes, as long as you can comfortably make repayments, there are no limits on the make or model of the car you prefer. You can choose a new or used car through a dealership (and save GST) or a used car from a private seller or the one you are currently driving.

Some employers prefer that their employees don’t lease luxury vehicles, so have a chat with us and we’ll speak with them.

The ATO are particular about this, you’ll be leasing the vehicle therefore there is a residual value at the end of the lease term. When you get to the end of the lease, you’ll have a range of options to finalise the lease. You can pay the residual amount and own the car outright, refinance the residual and extend the lease, sell the car, pay the residual and start a new lease or trade the car in and start a new lease.

We’ll be there for you to talk through your options.

Simply contact CBB for a personalised quote. We’ll work directly with your employer to handle all the necessary paperwork, ensuring a smooth, stress-free process so you can quickly start enjoying the benefits.

We offer an easy-to-use novated leasing calculator that lets you input your details to see exactly how much you could save each month. It’s a great tool to demonstrate the boost to your take-home pay and overall affordability of your new vehicle.