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Level 4, 54 Wellington Street, Collingwood VIC 3066

Novated Leasing FAQ

A novated lease is a three-way agreement between you, your employer, and a financier, allowing the use of pre-tax income to finance a personal vehicle. This inclusive package covers vehicle finance and running costs—such as fuel, maintenance, registration, and insurance—streamlined into one salary-deducted payment.

Yes, indeed! A used car is eligible for a novated lease, with the main condition being that it should be under twelve years old by the lease’s end. There are a few exceptions, but that’s the gist.

Certainly! If you’re already fond of your car and keen to maximize your pre-tax income, you can opt for a sale and leaseback with Simplygreen. This clever arrangement lets you sell your vehicle to a (Simplygreen approved) financier and then lease it back, allowing you to pay for both the finance and running costs using your pre-tax salary.

No problem at all. If you find yourself moving on from your current employer, your lease keeps going, and you’ll simply take over the finance payments. If your new job comes with a novated lease option, you can transfer your lease and keep enjoying the pre-tax benefits. If you’re between jobs or your new place doesn’t offer novated leasing, you’ll need to manage the payments on your own. Deciding to wrap up your lease early? We’re here to help with that too. Just reach out to us at 1300 664 323 or [email protected].

All good! If you’re working in Australia, you’re eligible for a novated lease. Just remember, the lease term must align with your visa duration.

We start by looking at the car you choose, how far you plan to drive, and any extras you want. From there, we factor in estimated costs for fuel, services, tyres, registration, and insurance to tailor a budget that fits. And because we know life can throw curveballs, we’re always ready to adjust your budget as needed.

Once your salary deductions are set, those funds head to a dedicated account at Simplygreen. This is where we take care of your finance payments and all the running costs.

With a Motorpass fuel card from us, refuelling is easy at thousands of locations. Paid for fuel on your own? Just submit the receipt for reimbursement.

Maintenance, Repairs, and Tyres
Your Motorpass card also covers you for most service and repair needs. If you choose a service provider outside our network, no worries—pay upfront and we’ll reimburse you with the invoice.

For insurance through our partners, renewals are automatic. Chosen your own insurer? Send us the renewal for direct payment or reimburse you if you’ve paid.

When your rego renewal comes in, let us know if you’d like us to handle it, or if you’ve already paid, we’ll reimburse you.

As your lease draws to a close, you can buy your car by paying off the residual value, refinance it if you’re not ready to part ways, or start fresh with a new lease and a new car. We’re here to help decide what’s best for you.

Technically, the finance agreement is in your name, so you have the freedom to choose a car that suits your lifestyle. If you change jobs, you’ll continue to manage the finance payments directly unless you arrange a new lease with your new employer.

Not to worry, there’s no minimum km requirement for enjoying a novated lease. Drive as much or as little as you need—either way, you’ll benefit.

Absolutely. If your circumstances change, just give us a shout. We’re flexible and can adjust your budget to better match your current needs.

The lease kicks off when the finance is settled, typically close to when you pick up your vehicle. We aim for a seamless transition so you can enjoy your new ride as soon as possible.

The residual value is essentially the final payment due at the end of your lease, determined by ATO guidelines based on your car’s initial price and your lease term. It’s your key to owning your car outright at the end of the lease.

Lease Length

Residual Value Percentages

12 Month Lease


24 Month Lease


36 Month Lease


48 Month Lease


60 Month Lease


Nope, your novated lease car is yours for personal use. If you do use it for work, just let us know, and we might adjust your package accordingly.

Chances are, yes! If your employer uses PAYG withholding, they can likely set up a novated lease with Simplygreen. We welcome inquiries from businesses of all sizes.

FBT is a tax related to perks like your car lease, but it’s all wrapped into your package. Your employer takes care of it, so there’s no extra hassle for you.

Indeed, there are a few things, such as aftermarket accessories, road tolls, and fines, that can’t be covered pre-tax. But we’ll guide you through what’s included and what’s not.

Typically, yes. Your eligibility depends on your employer’s policies, but we find that full-time employees are usually eligible. If you’re unsure, let’s chat about your options.