Novated Lease for Employees

Get into your preferred car with a novated lease

This popular salary packaging tool could be a tax-effective way to free up your cash. It includes running costs with flexible terms and is simple to set up.

Why a novated lease is great for you

Choose your preferred car

Provided you’re eligible for a novated lease, you’re free to choose any car that suits your lifestyle.

You could save thousands on the purchase price and running costs

Everything is covered with just one monthly payment, and we offer competitive interest rates with full transparency of all fees and charges.

What's included

Just one monthly payment covers all the big-ticket costs of owning the car.

Upfront costs: Running costs:
✓ Car price and accessories ✓ Mechanical repairs, maintenance and servicing
✓ Dealer delivery charges ✓ Replacement tyres
✓ First year registration and CTP insurance ✓ Fuel
✓ Purchase stamp duty ✓ Roadside assistance
✓ Novated lease establishment fee ✓ Comprehensive car insurance
✓ Personal Property Security registration fee ✓ Registration/CTP renewals
✓ Luxury Car Tax (if applicable)  


What's not included

• Tolls
• Fines
• Insurance excess

How it works

Novated leases are a hassle-free way to enjoy that new car feeling, while saving time and money.

Choose your car

Choose your car

Pick the car that best suits you and your lifestyle.

Set up your lease

Set up your lease

Set up your lease through your employer and decide on a term that works from 12 to 60 months.

Get the keys

Get the keys

You could be behind the wheel of your new car within five days of submitting your application.

Make payments

Make payments

Enjoy your new car. Your employer will take care of the repayments through salary deductions.

At the end of your lease

Either buy the car outright, extend the lease or get a new car with a new novated lease.

Find out if you're eligible

Contact the Finance Team
  • Disclaimers

    The information provided by Toyota Fleet Management (TFM), a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536, on this website is of a general nature and for your information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any product or service featured on this website, TFM recommends that you seek independent professional advice about that product or service, such as from your accountant, taxation or financial adviser or lawyer, who can advise you about your personal circumstances and what would be suitable for you.