What is a novated lease?
The term novate means to transfer from one party to another. A lease is a finance contract used to fund the purchase of a car. A novated lease is when an employee enters into a lease to purchase a car of their choice and then novates, or transfers, the lease to the employer.
Novated Leasing can be incredibly beneficial, and is by far the most cost-effective way to finance your car. However, the perceived complexity of how it all works can turn a lot of people off.
To simplify the facts of novated leasing, we’ve put together a two minute summary video, as well as a series of short videos to better explain exactly what it is, how it works, and why you should be taking advantage of it.
Watch our two minute video explaining how we do things, or call us now.
Get the car you want, for less
Avoid paying tax and GST on the purchase price of your new car
Bundle your car's running costs
Enjoy the peace of mind knowing that all your expenses are covered
Save GST on your ongoing costs
Including fuel, tyres, servicing, insurance and maintenance
Thinking about an EV for your next car?
Find out about the additional benefits of novating an EV
Get the InsideEDGE team on your side
As a member of our Novated Lease Program you have support 24/7
*Disclaimer: While InsideEDGE makes every effort to provide accurate and complete information, InsideEDGE makes no express or implied representation as to the accuracy or completeness of the information provided and will not be liable to you or your employer, in any respect. Salary Packaging may affect other factors including but not limited to Medicare Levy Surcharge, HECS, Child Maintenance liabilities or any Low Income Tax Office (LITO) that may be applicable. InsideEDGE recommends that you obtain your own independent advice when considering salary packaging.
