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Novated leasing through eCarz
The Smarter Way to Get a Novated Car Lease
eCarz has partnered with Positive Salary Packaging to bring you tax-effective novated leasing. Pay less tax, bundle your running costs, and get driving your next car sooner.
- ✓Powered by Positive Salary Packaging
- ✓eCarz helps source and negotiate your car
- ✓Obligation-free quotes
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We Can Help You with Your Novated Car Lease!
Tell us the car you’re after, your salary and roughly how far you drive each year. You’ll see an indicative weekly cost, what’s bundled into it, and how it compares to paying for the same car using your normal take-home pay. Happy with the numbers? Request an exact quote and one of our specialists will confirm your figures and walk you through the next steps.
- ✓See an estimated weekly, fortnightly or monthly pay impact
- ✓View finance, running costs, and residual value
- ✓Request an exact quote when you’re ready
Who Can Get a Novated Lease?
A novated lease is a three-way agreement between you, your employer, and the lender. It lets you pay for a portion or all of your car’s costs and its running costs from your pre-tax salary, depending on the type of vehicle. Instead of paying for fuel, insurance, servicing and registration separately after tax, those costs are bundled into one regular deduction taken from your pay before tax is calculated, reducing your taxable income.
In general, any PAYG employee who receives a regular salary and whose employer is willing to participate can apply for a novated lease. It’s popular with full-time and part-time employees across the public and private sectors. Novated leasing isn’t typically available to casual workers, contractors or sole traders, since it relies on an ongoing employer-employee relationship – and if your employer doesn’t already offer it, eCarz can potentially help set it up at no cost to them.
A Three-Way Agreement
You choose the car and agree to the lease terms. Your employer deducts your lease payments and bundled running costs from your pre-tax salary. Positive Salary Packaging arranges the finance, manages your packaging, and handles FBT reporting.
Everything Bundled In
Fuel, registration, insurance, tyres, servicing and roadside assistance are all bundled into the one pre-tax deduction, so there are no surprise bills. Track your balance through an online portal and adjust your budget at any time.
Flexible And Portable
Employers can offer this benefit without increasing your salary or incurring extra costs – it’s a win-win. And if you change jobs, most novated leases are portable between employers, so you can generally take the agreement with you.
Four Clear Steps To Getting Behind The Wheel
If you’re looking for a car finance option that blends flexibility, savings and convenience, a novated lease could be a strong contender – especially with support from eCarz and Positive Salary Packaging working together on your behalf.
- ✓01 Decide with context: enter your salary, expected kilometres, car price and preferred term
- ✓02 Run your estimate: see the residual, total costs and comparison. Proceed only if it makes sense for you
- ✓03 Choose the car: bring a car you’ve found or ask eCarz to help source and negotiate one
- ✓04 Review the quote: Positive confirms the finance, running-cost budget, employer setup and assumptions
With You From Choosing the Car to Managing the Lease
eCarz has partnered with Positive Salary Packaging to give you one joined-up experience. eCarz guides you through the vehicle sales process. Positive supports you, and works with your employer, throughout the life of your novated lease.
eCarz – here for getting you started:
- ✓Helps you choose and source the vehicle
- ✓Guides you through the sales and dealer process
- ✓Keeps the vehicle purchase and handover moving
- ✓Works alongside Positive so the lease journey starts clearly
Positive Salary Packaging – here for the life of your lease:
- ✓Works with you and your employer to establish the salary packaging arrangement
- ✓Coordinates the required payroll deductions
- ✓Manages your running-cost budget across the life of the lease
- ✓Helps adjust the budget as your vehicle use and costs change
- ✓Supports a simpler, tax-effective vehicle ownership experience, based on your circumstances
Who a Novated Lease Suits
- ✓Individuals wanting a tax-effective way to pay for their next car
- ✓Business owners who want to offer novated leasing as an employee benefit
- ✓Anyone who likes to upgrade their car every few years without the hassle of a private sale
- ✓Anyone who’d rather not deal with the hassle of maintaining an old car
- ✓Anyone who doesn’t want to pay a large upfront deposit – a large upfront payment usually isn’t required
Why get a Novated Lease With eCarz?
- ✓A dedicated novated leasing partner – Positive Salary Packaging
- ✓Positive Salary Packaging manages your packaging and FBT reporting
- ✓Help finding and negotiating your car
- ✓One team to call if anything about your car, finance or packaging changes
- ✓Decades of car finance experience – we know how to get you into the right car
- ✓Obligation-free quotes
Is a Novated Lease Right for You?
It can be a strong option, but not for everyone. The comparison matters more than the headline tax saving.
It may be worth exploring if:
- ✓You’re a PAYG employee replacing a car you would buy anyway
- ✓Your employer participates or is willing to consider it
- ✓Your work and income are reasonably stable
- ✓You want predictable budgeting and expect to keep the car for the term
Pause and compare carefully if:
- ✓Your employment situation may change soon
- ✓Your cash flow is stretched or you have higher-priority debt
- ✓You expect to apply for a home loan in the near future
- ✓You may need to exit the vehicle or finance early
Plan the car costs you would otherwise pay separately
A fully maintained novated lease can budget eligible costs into regular payroll deductions. The budget is reviewed against what you actually spend.
Finance repaymentThe vehicle finance component +
The vehicle finance component, structured to an ATO-set residual.
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RegistrationBudgeted across your pay cycle +
An annual amount budgeted across your chosen pay cycle.
InsuranceWhere eligible +
Included where eligible and based on the policy you select.
Fuel or chargingBased on your estimated use +
Budgeted from your estimated use and adjusted if needed.
Servicing and tyresPlanned maintenance +
Planned maintenance based on the car and expected kilometres.
Roadside assistanceWhere selected +
Included where selected and eligible under the arrangement.
Calculate your repayments!
Use our handy finance calculator for a rough idea of repayments, then ask for your detailed novated lease estimate. We’ll confirm your car, employer and circumstances, then explain the numbers and assumptions.
Speak to a broker
A broker can confirm the real rate and repayments for your situation, free and with no obligation.
Loan amount
Months
Interest rate
Balloon %
Your monthly repayments: $580 With a balloon payment of $0
General information only. Estimates are based on the figures you enter, exclude lender fees and aren’t a quote or financial advice. Your actual rate and repayments depend on the lender and your circumstances. Seek your own independent advice. More calculators →
Novated lease FAQs
Are all novated lease payments taken from pre-tax salary?+
Not always, and your quote will show the split clearly. Eligible electric vehicles can be fully packaged from pre-tax salary under the FBT exemption. For most petrol and diesel cars, part of the payment comes from pre-tax salary and part from post-tax salary as an employee contribution, which is what removes the FBT liability. Both amounts appear on your quote, so you always see the full picture rather than a single headline figure.
What happens if I leave my employer?+
Your lease travels with you. Because the finance is in your name, you keep the car and you have options: transfer the salary packaging arrangement to your new employer, keep making the payments directly for a while between jobs, or pay out or refinance the balance. Tell us as soon as you know and we’ll work through the numbers with you before anything changes in your pay.
What is the residual payment?+
The residual is the amount owing at the end of the lease term. It isn’t a hidden catch – it’s set by ATO minimum percentages based on your term, and we show it in your very first quote. When you get there you can pay it out and own the car, refinance it over a further term, or sell or trade the car and use the proceeds to settle it. We’ll talk you through your options well before the lease ends.
Can I choose any car?+
Almost. New or used, dealer or private sale, petrol, hybrid or electric – you choose the car, not a fleet list. The limits are practical ones: the vehicle needs to sit within finance and insurance guidelines for its age and condition, and it must be used mainly for private purposes. Tax treatment varies by vehicle type, and eligible EVs are treated most favourably. Send us the car you’re considering and we’ll confirm it before you commit.
What if my employer does not offer novated leasing?+
That’s just an extra conversation to have, and it’s usually straightforward to sort out. Positive Salary Packaging sets the arrangement up with your payroll or HR team at no cost to your employer and with very little ongoing admin for them. Your employer does need to agree and complete the setup, so we can support you and your employer in understanding the benefit before you sign anything or commit to a car.
Are running costs fixed?+
They’re budgeted rather than fixed, and the budget is designed to be adjusted. Fuel, charging, servicing, tyres, registration and insurance all move over time, and your driving may differ from your estimate. Our in-life team reviews your balance against what you’re actually spending and adjusts your deductions, so you don’t build up a shortfall or park more of your pay in the budget than you need to. You can check your balance any time through the online portal, and your Visa fuel card works at most fuel or charging providers.
Talk to a specialist about The Smarter Way to Get a Novated Car Lease
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