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A novated lease is a way to finance a car via ‘salary sacrifice’ or salary packaging. Simply put, it means that your employer agrees to pay for your car lease and car running costs out of your salary package through a combination of pre-tax and post-tax salary deductions.
A novated car lease allows you to drive the car you want - any make or model, without compromising your lifestyle. You could save money on the purchase price and running costs of a new or used car – or even the car you currently drive.
Just one monthly payment covers all the big-ticket costs of owning a car.
 Tolls |
| Fines |
| Insurance excess |
| Car parking |
An employee chooses a car, and a ‘salary sacrifice’ novated lease is set up between the employee, employer and Toyota Fleet Management.
An employer makes repayments to Toyota Fleet Management on an employee’s behalf from the employee's salary.
The employees gets the car they want, saving on tax, car price and running costs such as fuel, maintenance and tyre purchases.
At the end of the lease, the employee can extend the lease, buy the car outright or return it and get another novated lease for a new car.
With benefits for both employees and employers, discover the advantages of leasing a car through salary packaging, as well as how you can save.
Before choosing a car, check if your employer has an agreement with us. If not, no problem, we can guide you on how to get one in place.
Select your lease car from the Toyota range. You can use your lease car for personal use.
Get the car of your dreams and save on tax, car price and running costs such as fuel, maintenance and tyre purchases.
You can enjoy the convenience of cashless motoring from behind the wheel of your new car.
Next step
If your business doesn’t have an agreement, Toyota Fleet Management can guide you on how to put one in place.
Request a call
If you know your employer offers novated leases you can use our novated lease calculator to get a simple and comprehensive breakdown of the costs involved.
Calculate costs
If your business doesn’t have an agreement, Toyota Fleet Management can guide you on how to put one in place.
Set up the finance lease and novation agreement, stating that you’ll make payments on your employee’s behalf while they’re employed by you.
Toyota Fleet Management will provide the pre-tax and post-tax deduction to enter in your payroll system (e.g. MYOB, Xero, etc). You simply enter this and you’re done.
Your business starts making repayments to Toyota Fleet Management on your employee’s behalf, from the employee’s salary.
Next Steps
Our novated lease specialists are on hand to answer any questions and talk through your options. If you’d like to see what your employees’ monthly payments could be, use our handy novated lease calculator.
Log in to view balances, payouts and manage your budget and expenditures.
Speak to your local Toyota Dealer to find out more about a Novated lease.
Great news. You're eligible to apply. Your next step is to get an estimate.
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