a novated lease is a great way to save money but not all novated leases are equal. if paying less for your car, maximising your tax break and mitigating most of your financial risks is important to you, then let us tailor a novated lease package for you!
everything is prepaid, so you can go out and live life with freedom.
put simply, a novated lease is an agreement between yourself, a financier, and your employer, that saves gst and income tax. being a salary packaging benefit you enjoy unlimited private use.
the total of all finance and operating costs are deducted from your gross salary, which in turn reduces the income tax, an exclusive approach that saves a significant amount of money.
whether it’s a dealer or private sale, get their best written quote.
we’ll negotiate a better price from the dealer with our fleet buying power and exclusive industry relationships.
now that you’ve got a great deal on your vehicle, it’s time to get a great deal on your novated lease too.
upon your acceptance of our market leading novated lease product, we’ll arrange everything with the dealer on your behalf.
we present you with the necessary documentation, you sign and drive away!
novated leases really aren’t complicated. follow the five steps to getting a novated lease.
unlock the benefits of paying less tax while enjoying incredible deals and seamless budgeting with our novated lease option!
why not take advantage of a tax-efficient way to lease a car that suits your style? whether it’s brand-new, used, or a car you already own, our novated leasing plan is flexible and ATO-approved.
as a top novated lease provider in australia, we aim to facilitate the process for you to obtain the vehicle you desire! with the added perks of ease and potential tax savings that come with salary packaging a car.
novated car lease is a smart and efficient way to own a vehicle while enjoying tax benefits and fantastic deals! it’s a three-way agreement between you, your employer, and a finance company, approved by the ato.
with novated leasing, you can conveniently consolidate not just your lease payments, but also all your vehicle’s running expenses — such as fuel, electric vehicle charging, insurance, registration, tyres, servicing & maintenance, car wash and many more — into a single, hassle-free regular payment. novated leases and taxbreak are two things that fingo specialise in. we help you choose the best option for you.
am i eligible for a novated lease? essentially, whether it’s a new, pre-owned, or your current vehicle, it is leased under your name through your employer. instead of making payments with your after-tax income, the lease is funded through your payroll department using a mix of your pre- and post-tax salary.
in short, while the employee salary packages the use of the vehicle via their salary packaging agreement with their employer, and the novated lease provider work in tandem to ensure a smooth, compliant financial, vehicle management and administrative arrangement. novated leases are easily one of the most cost-effective ways to buy a car in australia. read the article on ‘how much can i save with a novated lease?‘
unleash the various benefits with fingo as your novated lease provider:
engage in smart tax savings! pay with a combination of pre-tax and post-tax income, effectively reducing your taxable income, and bask in the delight of tax savings. curious about how much you can save? use our comprehensive novated lease calculator and see your estimated savings!
say farewell to budgeting woes with consolidated vehicle-related expenses into a single, predictable payment. for a detailed budget plan, fill in our online enquiry form and one of our novated lease specialists will show you your personalised novated lease solution.
freedom in your hands! opt for a new, used, or your current vehicle to fit your needs and lifestyle precisely. our car broker can also assist you on sourcing the vehicle.
embrace a hassle-free experience with all administrative tasks managed efficiently by the us your novated leasing provider. for administration queries, please contact us online or call 1300 134 646.
unlock potential discounts on vehicle pricing and insurance. you can also enjoy the added convenience and savings on fuel and other associated costs with our motorpass card.
drive without limits! your leased vehicle is yours to use, both for personal and business adventures.
navigate your finances effortlessly with fixed and regular payments that can easily be adjusted based on your requirement and simplifying your budgeting journey.
as the lease concludes, you have the option to purchase, renew, or change the vehicle. for a smooth transition.
have more questions or ready to start?
for personalised solution and a deep dive into how novated leasing can revolutionise your vehicle ownership experience and know more about novated leasing.
| feature | novated lease | car loan |
| payment method | payments are made using a combination of pre-tax and post-tax salary, reducing taxable income. | payments are made using post-tax salary. |
| vehicle ownership | the financier holds the ownership until the end of the lease. | the borrower becomes the vehicle owner. |
| tax benefits | offers potential tax benefits as part of the running costs are paid with pre-tax salary | no tax benefits since payments are made post-tax. |
| running costs | can include running costs like insurance, maintenance, fuel, tyres and many more in the lease payments. | only covers the cost of the vehicle; running costs are separate and paid with post-tax salary. |
| employer involvement | requires employer agreement and involvement in the payment process. | does not involve the employer; the agreement is between the borrower and the financier. |
| flexibility | offers flexibility in choosing new, used, or existing cars. | generally used for new cars, but used cars can be financed too. |
| end of term options | various options available: purchase the vehicle, start a new lease, payout residual and keep the car | the borrower owns the vehicle outright after the loan is paid off or they can refinance the balloon amount if there is one. |
| application process | involves the employee, employer, and financier. | typically involves just the borrower and financier. |
| interest rates | may offer competitive rates; varies by financiers. | interest rates vary by financier and the borrower’s creditworthiness. |
thanks to the significant benefits of the major fingo tax incentive, demand is skyrocketing. explore our range of australia’s top-selling non-electric vehicles, where we help customers every day in securing fantastic deals and significant tax savings.
self-managed novated leasing offers the primary advantage of giving you more control over managing the running costs associated with your vehicle. while you still receive the benefit of making payments with your pre-tax salary, you handle the vehicle-related expenses directly, which may provide additional flexibility and potential savings depending on your personal usage and circumstances.
yes, transferring your Novated Lease when moving to a new employer is usually possible. the process involves obtaining agreement from your new employer to continue the salary deductions under the novated leasing arrangement. it’s crucial, however, to consult with your new employer as not all employers may agree to participate in Novated Leasing.
novated Lease Eligibility depends on number of criteria, applicants must be employed full-time or permanent part-time with an employer who supports novated leasing. applicants must be able to make consistent repayments, be at least 18 years old, and not be sole traders. those unable to demonstrate financial stability for repayments or with poor credit scores may be disqualified. For specific eligibility queries, call us on 1300 134 646 or click here to contact our team.
the term for a Novated Lease typically varies between 1 to 5 years, providing flexibility to choose a term that aligns with your financial planning and vehicle utilisation needs. you have the option to select a term that comfortably fits your budget and preferences for vehicle turnover.
we’ll reach out to our network of dealerships to ascertain whether you really did get quoted the best price or not.
we have exclusive access to better discounts with our national purchasing power from purchasing thousands of vehicles every year.
see if you’re pre-approved for a novated lease now.
thanks to our wealth of industry knowledge we are able to offer savings unrivalled by others.
