How to Get a Novated Lease | Toyota Fleet Management

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.

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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.

Number 1

Contact Us

Call Toyota Fleet Management on 1300 888 872 or fill out our enquiry form to get a quote.

Number 2

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.

Number 3

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.

Number 4

You accept the quote

Submit your finance application along with accepting the quote.

Number 5

Lease documentation is prepared

Subject to credit approval, your finance is approved and we draw up the documents.

Number 6

Sign the lease documents

Both you and your employer sign the documents.

Number 7

The car is delivered to you

Get ready to enjoy your new ride!

Number 8

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.


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