A novated lease is an employee perk that can make it more cost-effective to drive the car you love.

Novated leasing is probably a term you’ve seen on your company’s intranet, in an employee benefits pack or thrown around the office by your co-workers as a way to save on a new car. So, what exactly is a novated lease, and how can you, as an employee of a company that offers novated leasing, access this?

This video explains exactly how a Novated Lease works with Custom Fleet.

Why Novate?

You can potentially save thousands by bundling your car repayments and running costs into one simple sum, taken from a combination of your pre and post-tax salary.

Click & expand each statement to learn more

Please note tolls and parking infringements are not included as per ATO guidelines

Insurance Save with our purchasing power

By leveraging the buying power of Custom Fleet nationally, and our dealership partnerships, we’re able to find you great deals and some of the best new car prices available.

Check out our latest deals page to see just how much we’ve helped real customers save!

Insurance Save on GST

Enjoy GST-free vehicle purchase price and running costs. Nil GST payable on the vehicle financed amount via a Novated Lease (capped at $5,234 - as set by the ATO)

Insurance Maximise your take-home pay

A portion of your lease repayment will be taken from your pre-tax salary, reducing your taxable income.

This can result in paying less PAYG tax throughout the year!
This is one of the great benefits of a novated lease and can often result in savings thousands of dollars over the course of your lease term.

Insurance Easy vehicle running cost budgeting

Rolling all your car costs into one simple monthly payment makes for smoother budgeting.

Your single monthly payment can cater for fuel, tyres, servicing, registration, roadside assistance and even comprehensive insurance. And as your lease payment is predominantly deducted directly from your pre-tax salary, your also saving on all these components too!

Insurance Enjoy cost transparency

You’ll always have access to the information you need to keep track of your lease. As a Custom Fleet customer, you’ll enjoy access to our intuitive online reporting portal - Fleet Office – and our dedicated smartphone Drive App.

Our dedicated Drive app is available for both iOS and Android and is specifically designed to make keeping track of your novated lease fast and simple.

Insurance Enjoy the convenience

Our dedicated Novated Leasing team is ready and waiting to save you time and relieve you of the stress.

Once you have an idea of the car you want, you can leave the dealership negotiations, paper-work and number crunching to us! There’s nothing our experienced Novated Consultants enjoy more than achieving get great deals for our customers.

Extend your savings with an EV

In 2022, the government introduced the Electric Car Discount Bill, which exempts zero or low emissions vehicles below the luxury car threshold from Fringe Benefit Tax (FBT). This exemption applies even if the vehicle is used entirely for personal use, potentially saving you thousands in taxes each year.

With a fully maintained novated lease, you can salary sacrifice to cover both the initial purchase price and ongoing running costs of your new car. This comprehensive package includes everything from fuel or recharging, registration, and insurance to tyres and servicing.

Important update: Starting 1 April 2025, private use of plug-in hybrid electric vehicles (PHEV) will no longer qualify for the exemption so get your order in now to make the most of the potential savings.

Explore your options today and maximise your savings!

iPhone Driver App

Already switched to Novated?

Manage and Monitor your lease with our Driver App