What is Novated Leasing?
Why Choose a Novated Lease for Your Next Car?
A Novated Lease offers a smarter way to drive, combining tax savings, convenience, and flexibility into one comprehensive solution. By reducing your taxable income, you save on income tax while also benefiting from GST concessions on expenses like fuel, maintenance, and insurance. Payments are streamlined into a single deduction from your salary, covering all vehicle-related costs, including fuel and servicing, with tools like the Simplygreen Motorpass Card to eliminate out-of-pocket expenses.
With Simplygreen, you enjoy the peace of mind of inclusive budgeting and expert support, from vehicle sourcing to end-of-lease options tailored to your needs. As a pioneer in sustainable leasing, we also decarbonise 100% of our fleet, ensuring your lease contributes to a greener planet. Whether you’re looking for flexibility, financial savings, or a seamless car ownership experience, a Novated Lease delivers it all.
What items are included in a Novated Lease?
What's Included in a Novated Lease?
Benefits of Novated Leasing
Who is eligible for Novated Leasing?
What cars can I finance under a Novated Lease?
How Simplygreen Drives a Greener Future
Sustainability is at the heart of everything we do. At Simplygreen, we go beyond Novated Leasing—we create real environmental impact. Through our certifications, partnerships, and innovative programs, we make sustainability a seamless part of your leasing experience. We fully decarbonise 100% of our fleet, actively support the transition to electric vehicles with lower interest rates and admin fees, and contribute directly to environmental initiatives. With Simplygreen, every lease is a step toward a cleaner, greener future.
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What is a Novated Lease?
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Novated Leasing FAQ
Is Novated Leasing only worth it for EVs?
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No, while EVs can offer attractive tax benefits, Novated Leasing can be a good option for a variety of vehicle types, including petrol and hybrid cars. The key advantages of Novated Leasing, such as tax savings and the ability to bundle running costs (like fuel, insurance, and maintenance), apply to all types of vehicles.
What is a Novated Lease?
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.
Do you need to be a full-time employee?
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.
What is Fringe Benefits Tax (FBT)?
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.
Is my employer eligible?
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.
Are you required to use the car for work?
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.
What are my options at the end of the lease?
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.
What if I change jobs?
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 novated@simplygreen.com.au.