Save thousands in tax by driving your dream car
At Leaselab, we offer competitive novated lease prices, flexible management plans and the best service in the market.
We'll find the perfect novated lease plan for your budget and lifestyle.
With a novated lease, you can save thousands of dollars each year on costs such as fuel, servicing and maintenance, and other associated expenses.
Leaselab offers customised packages that fit your budget and lifestyle, including the option to lease new or used vehicles. You can even turn your current car into a tax-saving lease!
Our team handles all the administrative tasks for you, ensuring a stress-free leasing experience for you and your employer. You just keep your eyes on the road - we'll do the rest.
Normally just hate obtaining finance for vehicles. Shout out to Bryan Kuchel who made the process so easy. Responsive, answered all my questions quickly (and there was a lot). Great experience. Fully recommend Lease Lab 100%.
Shoutout to Daniel Sherwin and Krista for the new wheels. Great help and very responsive with my first car in Australia. Highly recommend them.Looking forward to dealing with you guys sometime in the future ☺
Thank you Leaselab, it was a pleasure to Deal with you buying my first car in Australia. Significant thanks to Daniel Sherwin (great Irish name!) who was so efficient, helpful and responsive. Good job and thank you again.
Normally just hate obtaining finance for vehicles. Shout out to Bryan Kuchel who made the process so easy. Responsive, answered all my questions quickly (and there was a lot). Great experience. Fully recommend Lease Lab 100%.
Shoutout to Daniel Sherwin and Krista for the new wheels. Great help and very responsive with my first car in Australia. Highly recommend them.Looking forward to dealing with you guys sometime in the future ☺
Thank you LeaseLab, it was a pleasure to Deal with you buying my first car in Australia. Significant thanks to Daniel Sherwin (great Irish name!) who was so efficient, helpful and responsive. Good job and thank you again.
Rated 5/5 based on 83 Google reviews under testimonials
How we stack up against the competition
We believe everyday Aussies deserve a smarter way to buy a new car. That's what grounds our commitment to customer success. And it's why we always act in the best interests of our clients by providing trustworthy education and guidance, even (and especially when) it’s difficult.
(because transparency is non-negotiable)
(because we like making your life easier)
(because you deserve the best rates)
(because you've got better things to do)
(because it's your money)
(because we believe in the personal touch)
(because the benefits shouldn't stop with your lease)
About Leaselab
We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.
We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.
As we always say: It’s a new lease on novated leasing.
Customer satisfaction rating
years of combined experience in novated leasing
Why your next car
should be on a novated lease
A novated lease is an agreement between you, your employer and Leaselab that bundles a car and running costs into a single pre-tax salary deduction. With potential savings of thousands of dollars each year and tens of thousands of dollars over the lifetime of the lease, it offers a hassle-free solution for leasing new, used, or current cars. It's a no brainer.
Novated lease plans
The guide below will give you a good idea of the options available to you.
Remember, a novated lease can do more than simply cover your car.
Which novated lease plan is right for me?
In most cases, a fully covered plan works best for those looking to reduce their tax as much as possible. But the right plan for you depends on your preferences and unique circumstances, which is why we take the time to tailor a plan to your needs.
Over years of experience, we’ve honed our knack for finding the most cost-effective novated lease package for each person. Our team's superpower is our ability maximise your savings. We're relentless and leave no stone unturned.
In addition to saving on tax and GST, you’ll also be eligible for fuel discounts and fleet pricing. As specialists in novated leases, we secure compelling discounts for you on both your vehicle and running costs.
See how many thousands of dollars you could save with a novated lease
Use our calculator to get an instant estimate on how much you could save. The calculation includes the car, fuel / electricity, and on-road running costs to maximise your savings. It’s also inclusive of fees, so there are no hidden costs. What you see is what you get.
Ready to hop into your dream car and pay less tax?
Well, what are you waiting for? Get your free quote from our team of novated experts today.
Easy budgeting with our novated lease plans
As all vehicle costs are accounted for in a novated lease, budgeting is simple and helps you avoid bill shock when your rego or insurance costs inconveniently land in the same month. Here's how we deliver on that:
- At the start of your lease, we accurately budget the future running costs of your vehicle based on your needs and historical usage.
- This allows for an easy payment that’s the same amount every pay cycle throughout your lease.
- You can adjust the forecast however you’d like at the start, and if you have a surplus at the end of your lease then the funds are returned to you.
- We provide you with a card to use for paying for fuel and all of your servicing costs, which are then simply deducted from your account. That means no money out of pocket.
On top of all of that, we provide you with full support throughout your lease, so you can track all of your vehicle expenditure and keep full transparency of your vehicle usage.
Easy and transparent management for your novated lease
We offer an easy-to-use platform so you can see and track the benefits of your novated lease. We use this innovative technology to maximise our customer service and education efforts and, as a result, we are shaking up the novated leasing market.Novated leasing isn’t new, but we are giving it an entirely new look and feel by harnessing communication tools to streamline the entire process and make it a seamless, stress-free experience for every Australian.
Frequently Asked Questions
If you’re looking for a new / used car and you’re a PAYG employee on a regular salary, then it’s definitely worth considering a novated lease to reduce your tax bill.
If you’ve already got a car, you could still be eligible. As long as your car is less than 10 years old at the end of a lease agreement, or if it's a classic car, you can get what’s called a ‘Sale and Leaseback‘ novated lease, keep your own car and start reducing your tax bill.
Don’t think you need to get a new car to jump on board and claim the benefits of a novated lease. Get into the action today!
New cars, used cars and even your currently owned vehicles are eligible as novated lease vehicles. There are some minor rules from the ATO to be aware of:
1. The car can’t have a carrying capacity of more than one tonne.
2. The car can’t be designed principally to carry a large number of passengers (i.e. it can’t be a minivan).
3. Anything with the carrying capacity of less than 8 seats is fine.
Generally, financiers don’t like to finance cars that are older than 10 years at the end of the lease (so for a 3-year lease, the car can be a maximum of 7 years old). There are exceptions for classic cars.
You can include the car plus all of its running costs. That means fuel, servicing costs, new tyres, car insurance, roadside assist and even your rego. The more you include, the bigger your tax savings.
But we’re also flexible. Some people like to arrange their insurance or servicing separately, and that’s totally fine. Our novated lease plans offer three easy options for you to consider:
1. 'Basic' - just the car
2. Fully covered' - the car + everything'
3. Tailored' - the car + custom inclusions
It’s important to note that some items are not considered to be legitimate car operating costs by the ATO and are therefore unable to be included in a novated lease. These items include, but are not restricted to, road tolls, parking expenses, fines and infringements costs, and vehicle options or accessories fitted after the delivery of the car.
On average, about a week. But it really depends if your employer is set up for novated leasing and how long it takes to find the car you want.
If your employer doesn’t do novated leases yet, we can guide them through the process and get them set up super fast. It's not a particularly difficult process.
If you have a car in mind, we’ll first aim to get you a better price than at the dealership through our fleet pricing network (that takes around 1-2 days).
Then, we reserve the car and get your finance approved with a finance application (around 2-3 days).
If you’re not sure which car you want, don’t worry - we can help you choose one within your budget. That’s the fun part for us.
At the end of the lease you can choose to either:
1. Keep your car by paying off the residual
2. Sell your car and use those funds to pay the residual, then pocket the difference as profit Then you can use that to get into a new car on a new lease - or go on a relaxing holiday.
3. Refinance the residual with a new novated lease.
Most of our clients like to sell their car and hop into a new one by setting up a new novated lease when the previous one ends, and we can help you sell the car without any hassle.
It’s rare that a customer would want to end a lease early (because they miss out on the tax savings), but it’s definitely possible and we’d arrange this with the financier for you. The only requirement to cancel early is paying the remaining lease payments and the residual.
If your lease has been running for a while, chances are that the value of your car will be higher than the amount owing, so you'll be able to sell the car and pay off the lease.
If you want to end the lease in its early stages, the car may well be worth less than the outstanding amount, so you will have to put in some of your own money.
Either way, we're always happy to chat through your options first. And it’s worth noting that most financiers don’t charge any fees for ending a lease early. In fact, they often give a discount if you end the lease early.
If you lose your job, you can take on the lease payments yourself until you find a new job and then transfer your lease to your new employer when you’re ready.
If you change employers while you’re on a novated lease, your new employer just needs to agree to make your car lease payments from your pre-tax salary. At that point we'll get them to sign a one-page novation agreement and give them the pre- and post-tax deduction numbers to enter into their payroll system. And that's it. Your old employer will stop paying your lease when they stop paying your salary.
We’ll be happy to chat to your new employer to walk them through the process.