Novated Lease
Have you always wanted the car of your dreams but wondered how to make it happen? Our Novated Lease product can make your dreams a reality.
A Novated Lease makes it easy for you to include a leased car in your total salary package.
Under a novated lease, your employer agrees to take over the lease obligation for your car.
It’s a three-way financial arrangement between you, your employer and Interleasing that lets you include the car of your choice as part of your salary.
Interleasing provides you with:
- Choice of a car you want to match your lifestyle and salary
- Choice of the lease term, between 1-5 years
- Savings and cash flow benefits. As your monthly vehicle payments are made pre-tax, your net salary may be higher and your employer will enjoy attractive tax and accounting benefits as well
- Freedom to create a salary package that meets your needs and you can take the car with you even if you change jobs
- Choice to sell or trade your car at lease-end and keep any profits (in case of novated finance lease only)
- Ownership without the hassle. As an employee, you own the vehicle and it is registered in your name. If you change jobs, you have the right to take it with you and write another novation agreement with your new employer
How much will it cost?
- Your novated lease repayments will depend on the price of the vehicle, the length of your lease term, the amount of the residual and the interest rate
- You can package your novated lease to include operating costs such as maintenance, tyres, registration, insurance, and even fuel
Novated Calculator – Do a quick check on how much you can save by choosing our Novated leasing option
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