1300 361 360

What is a Novated Lease and how it can save you money.

A Novated Lease is a tax effective way of purchasing a vehicle, particularly if the vehicle is predominately for work purposes or if you receive a car allowance from your employer.

Finance only Novated Leases can be arranged through 360 Finance for individuals looking to purchase a vehicle.  This service can also be implemented into businesses as an ‘Employee Benefit’ or Program.

A novated lease is a tax effective way of owning a car;

  • It is an Australian Tax Office approved method of reducing your tax.
  • The loan amount for your vehicle excludes the GST payable therefore lowering the loan amount and interest.
  • The GST payable on the vehcile is instead claimed back by the lender on your behalf
  • Your loan repayments are made from your pre-tax salary, reducing your taxable income

How a novated lease works;

  • A Novated Lease from 360 finance is an agreement between you, your employer and the lender who finances your vehicle
  • The car and the finance is arranged in your name as you would normally expect when purchasing a vehicle
  • The lease agreement enables your employer to make the loan repayments on your behalf – from your pre-tax salary
  • If you leave your current employer, you retain the vehicle and take responsibility for payment of the loan
  • You can re-novate the lease with a new employer (if your new employer accepts Novated Lease agreements)
  • Insurance and warranty products can be included into the loan and is an affordable way to be protected against the unexpected
  • A low rate finance solution can be sourced from our panel of 30+ Australian bank and non-bank lenders

Contact us on 1300 361 360 and ask to speak to our Commercial Finance Specialists about Novated Leasing.

Getting a Novated Lease with 360 Finance

1. Contact our Commercial Team
Our Commercial Finance specialists will explain how a finance only Novated Lease works through 360 Finance and how it could reduce your tax and save you money.
2. Let us know your requirements
Let us know the type of vehicle you want and your budget. Our Procurement Team and Finance Specialists will work together to find your vehicle and your best rate finance.
3. We arrange everything for you
Once finance is approved and you have found a vehicle, we work with your Employer and the Lender to set up the finance only Novated Lease on your behalf.
4. You drive away in your car
Once everything is arranged, you pick up your car and your employer starts making your finance repayments on your behalf from your pre-tax salary.
How our rates compare
We access some of the industry's lowest rates and will always get you your best rate finance.

How our rates compare

We will always get you the best rate
360 Finance
St George
* The comparison rate helps you work out the total cost of a loan (including fees and charges) and to compare different loans. Data current as of 01/09/2021. Click to view data sources. Chart for illustrative purposes only. For further information on comparison rates, speak to one of our Finance Specialists.

At today's lowest car finance rate of 3.45%
(Comparison rate 4.65%) you'll pay approximately...

$ per *

At today's lowest car finance rate of 3.45%
(Comparison rate 4.65%) you can borrow approximately...


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