Novated Lease – A Step by Step Guide
The following guide explains TFM's novated lease requirements.
Find out how to get a novated lease below and get ready to hit the road in your new car.
What is novated leasing?
Novated leasing means that your car lease is paid for by your employer through a combination of pre-tax and post-tax salary deductions. With a novated lease, you can drive the car of your choice without compromising on lifestyle.
How does novated lease work?
Getting a novated lease is a simple process and we're here to help you every step of the way.
Contact Us
Call Toyota Fleet Management on 1300 888 872 or fill out our enquiry form to get a quote.
Review your employer’s car policy
Before choosing a car, check if your employer has an agreement with us. If not, no problem, we can guide you on how to get one in place.
We give you a quote
TFM presents you with a quote and a salary analysis. We also include the finance application, which we can email to you directly.
You accept the quote
Submit your finance application along with accepting the quote.
Lease documentation is prepared
Subject to credit approval, your finance is approved and we draw up the documents.
Sign the lease documents
Both you and your employer sign the documents.
The car is delivered to you
Get ready to enjoy your new ride!
Your employer commences salary reductions
Your employer will be sent a notification to begin salary reductions.
Things to consider
There are some key things to consider when taking out a novated lease.
- What type of car do you want? (Remember, TFM novates all cars, not just Toyotas).
- Check out your employer's policy on novated leasing
- Decide how much you can afford by estimating your lease payments here
- Think about car options and accessories
- Estimate how many kilometres you'll travel each year (private and business)
- Decide on a lease term that suits you
- Consider seeking independent financial advice
To read more about Novated Leasing benefits for employers click here.
