The most cost-efficient path to vehicle ownership for government employees.
A Novated Lease is a three-way agreement between you, your government employer, and The Novated Lease Company.
It includes financing the car and often its running costs—like insurance, maintenance, and fuel. Since the lease payments are deducted from your pre-tax income, you could lower your taxable income, potentially reducing the amount of tax you pay and increasing your take-home pay.
It’s a convenient way to get a new or used car with added tax benefits. Plus, the lease is transferable, meaning if you change jobs, you can take the lease with you, subject to your new employer’s agreement.
At the end of the lease term, you have options: you can buy the car for the residual value, trade it in for a new lease, or extend the lease. Novated leasing offers a cost-effective and hassle-free way to own a car, making it an attractive option for many employees.
As a member of the Australian Defence Force (ADF), you have access to Novated Leasing. This allows you to lease a vehicle and make payments using pre-tax dollars, helping you reduce your taxable income and increase your take-home pay.
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