How does a novated lease work?

 

With tax savings and a discounted purchase price, a novated lease from Toyota Fleet Management (TFM) is a great option to consider if you're in the market for a new car. Here are a few reasons why.

If you’re in the market for a new car, you can....

Buy it outright

Get a car loan

Take out a novated lease

What does a novated lease offer?

A novated lease comes with a range of features that are hard to beat. You’ll know exactly what you’re paying up front, with terms to suit you and the convenience of cashless motoring from having one payment deducted from your salary. You'll know exactly what you're paying for up front, with terms to suit you and the convenience of paying with salary deductions.

  • It’s a tax effective way to finance the car of your dreams
  • All rates, fees and charges are transparent
  • Car prices are discounted thanks to TFM’s buying power
  • Terms are flexible to suit your lifestyle and budget
  • You have access to dedicated novated lease specialists here to support you through every step
  • You can choose any make or model you want, not just a Toyota

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How does a novated lease benefit you?

Big savings and flexibility are just the start. A novated lease gets you into the car you want, with almost everything taken care of.

  • Drive your dream car without compromising your lifestyle
  • Save on the price of your car, thanks to TFM's buying power
  • Budget better, with packaged payments that are conveniently deducted from your salary
  • Peace of mind knowing all your running costs are included^
  • Access discounts on fuel via TFM's convenient fuel card
  • Keep your car, even if you change jobs

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Novated lease calculator


There are plenty of reasons to choose a novated lease, but don't take our word for it. To see how a novated lease compares to a traditional car loan, let the numbers do the talking with our novated lease calculator.

Contact a specialist

Whatever your needs, our team of fleet specialists are on-hand and ready to help.