Novated Finance Australia

Novated Finance Australia provides Novated Leasing across Australia, bundling vehicle finance and running costs into a single payment funded through pre-tax salary.

• Structures each lease as a three way agreement between the employee, their employer and Novated Finance Australia, with the employer deducting payments directly from pre-tax salary.
• Bundles registration and CTP, insurance, tyres, servicing and fuel or charging costs into one fixed payment, with a balloon payment option to own the vehicle at the end of the term.
• Offers new and used vehicles, including used cars up to 15 years old at the end of term, alongside electric models such as the Tesla Model 3, BYD Seal and Kia EV6.
• Promotes the FBT exemption for eligible electric vehicles priced under the ATO threshold and advertises applications processed within 4 hours.

Best for: employees seeking to package a new or used vehicle, including an FBT exempt EV, into one pre-tax payment with fast approval.

Novated Finance Australia supports Salary Packaging across Australia, structuring vehicle finance and running costs as pre-tax salary deductions on behalf of employer clients.

• Positions novated leasing as a no cost employee benefit for employers, with administration and lease payments handled by Novated Finance Australia as third party provider.
• Markets the packaging arrangement to employers as a tool for staff attraction and retention, requiring no direct cost to the business.
• Bundles running costs, including insurance, tyres, registration and servicing, into the packaged salary deduction alongside the vehicle finance component.

Best for: employers wanting to add a no cost, tax effective vehicle benefit to their staff offering.