Does my employer have to agree?

Yes. A novated lease requires your employer to participate in the arrangement.

What happens if I change jobs?

If your employment changes, the lease agreement may need to be restructured or managed differently. We explain how this may work.

Is a novated lease only for new vehicles?

Some providers may allow both new and used vehicles, subject to criteria.

Are repayments made from my salary?

Repayments are typically arranged through salary deductions under the agreement with your employer.

What happens at the end of the lease?

There are usually options at the end of the lease term. We explain what these may involve before you proceed.

Is novated leasing right for everyone?

Suitability depends on your employment arrangement, financial position, and goals. We assess your situation before making recommendations.

Considering a novated lease?

A novated lease is a vehicle finance arrangement involving you, your employer, and a finance provider. We help you understand how it works, what’s involved, and whether it may suit you.

What is a novated lease?

A novated lease is an agreement between:

You (the employee);
Your employer; and
A finance provider

Repayments are generally made through your salary under an arrangement with your employer.

It’s important to understand how this structure works and what obligations are involved before proceeding.

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Clear structure. Informed decisions.

How the process works

A clear, practical approach:

1. Confirm employer eligibility
Your employer must agree to participate in the arrangement.

2. Review your financial position
Income, expenses, and existing commitments.

3. Explore vehicle and lease options
Based on suitability, maintenance packages and lender criteria.

4. Explain the structure clearly
Including responsibilities during and after the lease term.

You’ll understand the commitments before making a decision.

How it differs from a standard car loan

Unlike a standard car loan:

The agreement involves your employer
Repayments are typically deducted from salary
There may be additional administrative arrangements
The structure can differ from personal asset finance

We explain these differences so you can compare options confidently.

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Things to consider

Novated leasing involves more than simply financing a vehicle.

Important considerations may include:

Lease term length
What happens if your employment changes
End-of-term options
Ongoing vehicle-related costs
Tax and salary packaging implications

We recommend seeking independent tax advice where appropriate, and we’ll explain the finance structure clearly.

Why work with a broker?

Novated leasing arrangements can vary between providers and employers.

We provide:

Clear explanation of how the structure works
Guidance tailored to your circumstances
Access to relevant finance providers
Support through the documentation process
Signposting to relevant third parties where appropriate

Our focus is ensuring you understand the full picture before committing.

Frequently asked questions