Novated Leases
A Novated Lease is a great way to pay off your car with your pre-tax dollars and with the help of your employer.
Novated Leases
A Novated Lease is a great way to pay off your car with your pre-tax dollars and with the help of your employer.
What is a Novated Lease?
A novated lease is a particular type of finance lease used by individuals in Australia for the specific purpose of purchasing a new or used vehicle. Similar to a car lease, a novated lease in Australia involves obtaining finance for a new or used vehicle in return for regular repayments over a fixed period of time. The difference is that your employer agrees to make the payments out of your pre-tax salary through a novation agreement.
Therefore a novated lease is a three way agreement (called a ‘deed of novation’) – between you, the employee, the finance company and your employer. The employer must commit to making the novated lease repayments whilst you are employed by them, although if you cease employment, the vehicle ownership as well as the finance commitments remain with you.
Novated leasing has become increasingly popular in recent years as Australian companies move away from traditional company cars and look for more incentives for employees.
Applying for a Novated Lease
For more information or to request a free, no obligation novated lease quotation, click here or call 1300 346 227 and speak with one of our expert finance consultants who will explain our service.
NEW!! – Try our fantastic Novated Lease Calculator or download our Novated Leasing Made Easy guide


What is a Novated Lease?
A novated lease is a particular type of finance lease used by individuals in Australia for the specific purpose of purchasing a new or used vehicle. Similar to a car lease, a novated lease in Australia involves obtaining finance for a new or used vehicle in return for regular repayments over a fixed period of time. The difference is that your employer agrees to make the payments out of your pre-tax salary through a novation agreement.
Therefore a novated lease is a three way agreement (called a ‘deed of novation’) – between you, the employee, the finance company and your employer. The employer must commit to making the novated lease repayments whilst you are employed by them, although if you cease employment, the vehicle ownership as well as the finance commitments remain with you.
Novated leasing has become increasingly popular in recent years as Australian companies move away from traditional company cars and look for more incentives for employees.
Benefits of Novated Leases
- Greater flexibility with what choice of a car
- Financing of the vehicle may be paid with pre-tax dollars
- Option to own the vehicle at the end of the novated lease term
- The vehicle may be leased for 100% private use in Australia
- Time and costs associated with management and disposal of the vehicle are not the employer’s responsibility
- On termination of the employees employment or novated lease, the responsibility of the vehicle is passed on to the employee shows commitment by the employee to his/her employer
Applying for a Novated Lease
For more information or to request a free, no obligation novated lease quotation, click here or call 1300 346 227 and speak with one of our expert finance consultants who will explain our service.
NEW!! – Try our fantastic Novated Lease Calculator or download our Novated Leasing Made Easy guide
Benefits of Novated Leases

Greater flexibility with what choice of a car

Financing of the vehicle may be paid with pre-tax dollars

Option to own the vehicle at the end of the novated lease term

The vehicle may be leased for 100% private use in Australia

Time and costs associated with management and disposal of the vehicle are not the employer’s responsibility

On termination of the employees employment or novated lease, the responsibility of the vehicle is passed on to the employee shows commitment by the employee to his/her employer
Testimonials
Here’s what just some of our clients have said
Frequently Asked Questions
Who is Fincar?
Fincar has been offering novated car leases to Australians since 2008 and rather than just punch out the numbers like the big guys, we explain how it works, what the benefits are, the advantages and disadvantages and whether it’s worth it in your particular situation. So whether you’re just trying to find out what is a novated lease, or you’d have a specific question about ATO prescribed residual values, one of our friendly consultants can answer that straight away. And, if it looks like it’s going to work, we’ll get you the best novated lease interest rates from Australia’s top lenders.
How does a novated lease work?
Watch our video to see how a novated lease works and how it saves money for Australian employees!

What’s the interest rate for a novated lease?
Novated lease interest rates vary depending on the applicant and whether the car is a new or used car. Fincar has a relationship with car finance companies across Australia so we can tender to our panel of lenders to get you the very best deal
Where is Fincar based and how can I contact you?
We are a privately owned company with offices in Sydney NSW. You’re welcome to call us at any time on 1300 346 227 or better still visit us in person at Level 13, 465 Victoria Avenue Chatswood