What is a novated lease, InsideEDGE explains everything you need to know

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.

Average savings over a 3 year EV novated lease with InsideEDGE*

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.

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