Lease a car through your employer in just 5 easy steps

November 2017

Five steps to saving on a new car using novated leasing. Toyota Fleet Management.

Using the power of salary sacrifice, you could be driving your dream car sooner than you think. Here’s our step-by-step guide to taking advantage of novated leasing.


You may have come across the term novated leasing, but do you know what it’s all about or how it works? Let’s start with what it means. Novated leasing is a fancy term for a simple arrangement between you, your employer and a fleet management company like us, Toyota Fleet Management. Novated leasing allows you to use a portion of your pre- and post-tax monthly salary to pay for the lease and running costs on the car of your choice. 

“The financial advantages are pretty straightforward,” explains Toyota Fleet Management’s General Manager, Ed Stanistreet. “For starters, you don’t pay GST, saving you thousands on the purchase price. And because the lease payments come from your pre- and post-tax salary, you could potentially save even more on your income tax. Even better, thanks to Toyota Fleet Management’s direct lending power, you’ll have access to one of the most competitive interest rates in the market.”

You can see for yourself how much you could save compared with a standard car loan by using our handy calculator. Or, if you want to get set up today, below is our easy step-by-step guide.

Step 1: Choose a car, any car

Novated leasing doesn’t limit your choices when it comes to your dream drive. You’re free to select any car, make or model, even used if you prefer (subject to certain criteria). Then just contact us to get a quote for your chosen car. 

Step 2: Complete the application

Like all car financing arrangements, novated leasing has a little bit of paperwork to do and is subject to certain lending criteria. We’ve made the application process as simple as possible to complete so it shouldn’t take you too long and we aim to get back to you with a response on your application as quickly as possible. 

Step 3: Get your employer to sign on the dotted line

A novated lease requires your boss’s signature as it is an arrangement between us, you and your employer. So if approved, you will receive lease documents which then need to be signed by you and your employer. Make sure your lease documents are fully completed, then simply return them so to us so we can continue processing your order. 

Step 4: Get the keys to your car!

You’ll be amazed at how fast the process can be to get you into your new car. It can take between two and five working days for us to process your order and deliver your car* . That means you could be driving your new car under a week after reading this article.  

Step 5: Lease is up - now what?

You choose. You can start a new novated lease with a brand-new car, extend your current lease with the car you have, or make us an offer to buy the car outright at its residual value.

More and more Australians are discovering the advantages of novated leasing. Get in touch today to see how it could benefit you by clicking here.


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The information in this article is for your general information only. It is provided by Toyota Fleet Management, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536. *Subject to lending criteria and approval of your finance application. Full details available on request.

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