1300 361 360

There are many options for vehicle finance suitable for a wide range of vehicle types, budgets and personal requirements. 

For those who need a vehicle that will be predominantly used for work purposes, a novated lease can be a cost-effective option. 

How does a novated lease work?

A novated car lease is an agreement between you, your employer and the lender, in which your employer pays the car loan repayments directly from your pre-tax salary. 

The car and finance are arranged in your name, and if you leave your employer, you retain the vehicle and take responsibility for the loan and repayments. You can get the lease re-novated with a new employer if they are willing to enter the arrangement. 

Insurance and warranty can be arranged to be included with the loan, making the process easier for you and giving you the protection you need for peace of mind. 

As the payments for your novated lease are taken directly from your pre-tax salary, you don’t need to worry about keeping up with your payments. 

Is a novated lease right for you?

There are numerous car finance options available, and it can depend on your needs, as well as your budget, as to what is best suited to your situation. 

If the reason you need a vehicle is primarily for work purposes, rather than personal use, then a novated lease may be a good financing option for you

You need to discuss with your employer if a novated car lease is something they’re willing to enter into, but there can be benefits for both you and your employer. 

One of the main benefits of a novated lease is that, depending on the car’s value, it can reduce your taxable income at no cost to your employer, potentially saving you money. 

The employer is also not responsible for the vehicle if the employee leaves, so they won’t be left out of pocket. 

Check if your employer offers novated leasing, and if you’re a full-time or permanent employee, you may be eligible for a novated lease.

If you’re considering a novated car lease, or need help with your vehicle finance, contact the team at 360 Finance. 

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
4.88%*
Westpac
7.69%*
St George
6.13%*
CBA
9.9%*
BOQ
8.19%*
RACQ
6.16%*
CUA
7.16%*
* 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 01/01/2022. Click to view data sources. Chart for illustrative purposes only. For further information on comparison rates, speak to one of our Finance Specialists.

Calculators

Calculators and rates

At today's lowest car finance rate of 3.68%
(Comparison rate 4.88%) you'll pay approximately...

$ per *

At today's lowest car finance rate of 3.68%
(Comparison rate 4.88%) you can borrow approximately...

$*

Useful articles

Everything you need to know about business car loans

If you’re looking to invest in vehicles for your business, there are numerous options for business car loans These include a chattel mortgage, hire purchase, lease,... Read More.
An easy-to-understand guide to novated leasing

When buying a vehicle, there are several financing options to help you afford the vehicle you need Car loans can be a good... Read More.
5 things to know about car loans before applying

Car loans can be a great option for people who need help buying the car they need It offers a more affordable way of purchasing a vehicle... Read More.
Top 10 caravan gadgets and upgrades

With international trips on hold for a while, there has never been a better time to explore our backyard  Australia is well known for... Read More.
What is a car loan comparison rate?

There can be numerous rates involved with a car loan, and it’s important to know what each of them cover, to ensure you can get the... Read More.
Calculating your car loan repayments

360 Finance Calculating your car loan repayments For those who don’t have the necessary finances to buy a car outright, car... Read More.
How to get the best interest rate for car finance

With any type of financing, you want to ensure you get the best possible deal Finding a car loan with a lower interest rate is no... Read More.
How to get a personal loan if I have a bad credit score

If you’ve missed payments on your credit card, bills, mortgage or any other type of debt, you may have a bad credit score  A... Read More.
Understanding your car loan repayments

Car loans are a great option for those wanting to buy a vehicle but unable to afford one without financial assistance  Applying for a... Read More.
Instant asset write-off

The recently released Federal Budget has provided much-needed relief to Australian businesses with an extension to the Instant Asset Write Off Scheme As revealed... Read More.
Financial ABC’s of Coping with COVID-19

360 Finance is committed to being the finance & insurance specialists you know and trust  We’ve been there for our customers through some of... Read More.
Our Women

What does International Women’s Day mean to you? For some, it means celebrating the achievements of women and the progress that has been made to reduce... Read More.
Your Roadmap to Financial Freedom

Imagine living how you want to without worrying about the financial expense Imagine having enough money to fund the lifestyle you desire Imagine being able to live... Read More.
How to Achieve Your Financial Goals This New Year

The start of the new year is relished by most of us because it’s the perfect opportunity to set some New Year’s Resolutions It’s the time to... Read More.
5 Steps To Take Before Applying For Finance

Taking out a loan for a car can seem like a daunting task You’re probably wondering what steps to take before applying for finance, so that you can purchase ... Read More.
The Not So Grey Nomads

ARE CARAVAN AND CAMPING HOLIDAYS STILL A PASTIME RESERVED FOR THE GREY NOMADS? New research has brought light to the misconception that camping and caravan holidays ... Read More.
6 Must Do Motorbike Road Trips in Australia

From coastal adventures to mountain road journeys that cut through the heart of Australia A road trip is one of the best ways to experience this country’s extraordinary array ... Read More.
Australia’s Top 10 Selling Cars in 2019

The vehicle landscape in Australia has seen a significant shift in buying habits over the last 12 months, most notably with SUV sales continuing to overtake passenger ... Read More.
Top Tips for Buying a Boat

Looking to buy your first boat?  Are you a boat enthusiast, water sport nut or something in between?  Then check out our top tips for buying a boat and ... Read More.
$30,000 Instant Asset Write-off

Please note that the information in this article is not current  To view the most up to date information on the Instant Asset Write-off, please visit this link  ... Read More.

Some of our lenders: