Leaselab

Leaselab provides Novated Leasing, helping employers across Australia offer staff a no cost vehicle benefit while drivers save on tax and GST through salary sacrifice.

• Drivers can choose any make or model, new or used, with used vehicles generally accepted if under 12 years old at lease end and worth at least $5,000-$10,000 minimum, depending on the lender.
• Lease terms run from one to five years with fixed monthly repayments, and no GST is payable on the purchase price of the vehicle or on running costs included in the lease.
• Combined with the EV FBT exemption, a novated lease can make electric vehicles substantially more affordable, with potential tax savings worth thousands of dollars a year.
• Leaselab works directly with employers that do not already offer novated leasing to put an arrangement in place at no cost, and provides a lease calculator so drivers can model savings against their salary and preferred vehicle.

Best for: employers wanting to add a novated leasing benefit to their staff offering, or employees seeking a tax effective way to finance and run a new or used vehicle, including electric vehicles.