Novated Leasing A Toyota
Novated Leasing A Toyota
What's a Novated Lease?
A novated lease is a simple, tax-effective way to own and run your car.Instead of paying from your take-home pay, your employer makes lease payments on your behalf using amix of pre- and post-tax salary.
That means you could enjoy significant savings on the purchase price and everyday running costs.Whether it’s a new car, a used car, or even your current one.
With a novated lease through TFM, you’ll also benefit from cashless motoring and access to exclusive discounts on finance, fuel, servicing, tyres and more. It’s an easy, affordable way to drive without compromising your lifestyle.
What are the benefits of a Novated Lease?
For Employees
Toyota Finance offers the whole novated lease package for a whole lot less.
- Choose the car that suits your lifestyle, any make or model
- Tax-effective financing through pre and post-tax salary deductions
- We believe we can offer the best interest rates in the market
- Transparency across all rates, fees and charges
- Take advantage of Toyota Finance's buying power on the cost of vehicle Further savings with a Toyota Finance Fuel Card
- Competitive servicing, maintenance and tyres
- Further savings with a Toyota Finance Fuel Card
For Employers
We take the hassle out of setting up a novated lease program for your employees.
- Allows you to attract and retain valuable staff
- Add value to an employee's remuneration package
- Simple administration through one monthly invoice
- Ensures vehicles aren't assets that impact your balance sheet
- Toyota Finance experts supporting you and your employees throughout the lease
- Keeps the vehicle with the employee, even if they move on
- Can be integrated with Salpac, Toyota Finance's salary packaging and payroll management program
Novated Lease Calculator
Estimate Your Toyota Novated Leasing Costs
Wondering how much you could save with a novated lease? Our easy-to-use calculator shows you the potential costs and benefits of packaging your Toyota into a salary sacrifice arrangement. Simply enter a few details and see how a novated lease could make driving your new Toyota more affordable.
What is and isn't included in a Novated Lease?
INCLUDED
Upfront Costs
- Car price and accessories
- Dealer delivery charges
- First year registration and CTP insurance
- Purchase stamp duty
- Personal Property Security registration fee
- Novated lease establishment fee
- Luxury Car Tax (if applicable)
Running costs
- Fuel – via the TFM Fuel Card, accepted at most fuel providers Australia-wide
- Servicing and maintenance – managed through TFM’s Repair Authorisation Centre
- Tyre replacements
- Registration renewals
- CTP insurance
- Comprehensive insurance (TFM-managed or reimbursed if third-party)
- Roadside assistance (optional add-on)
- Scheduled maintenance
- Reimbursement for eligible vehicle-related expenses
NOT INCLUDED
Tolls, Fines & Insurance excess
Steps To Setting Up Your Novated Lease
Employee Guide
Setting up a novated lease is simpler than you might think. With just a few clear steps, you can arrange a tax-effective way to drive the Toyota you want, with running costs like fuel, servicing, and insurance bundled into one easy payment. Our team will guide you through the process from start to finish, so you can enjoy the benefits without the confusion.
STEP 1
Choose Your Car
You can choose any new Toyota for your novated lease, from fuel-efficient hybrids to tough 4WDs. With flexible options across the full Toyota range, it’s easy to find the vehicle that fits your lifestyle and budget.
Step 2:
Lease set up
An employee chooses a car, and a ‘salary sacrifice’ novated lease is set up between the employee, employer and Toyota Fleet Management.
Step 3:
Payments Made by Your Employer
The employer makes payments to TFM from the employee’s pre-tax salary.
Step 4:
End of Lease Options
At the end of the lease, the employee can extend the lease, buy the car outright or return it and get another novated lease for a new car.
Am I Eligible For A Novated Lease?
Ask your employer about their salary packaging/car policy to see if you are eligible to package a vehicle via Novated Lease. Then, check if your employer has an agreement with us. If not, no problem, we can advise you on how to get one in place.