Novated Lease

A Novated Lease is a three-way finance agreement between an employer, an employee and the vehicle financer. A Novated Lease allows an employee to salary sacrifice towards the cost of their car.

A Novated Lease means that the employer will lease the vehicle on behalf of the employee. The financer provides the vehicle and pays for the vehicle's running costs using the employee's pre-tax salary.

The specific running costs to be included in the Novated Lease, such as fuel or maintenance, are worked out between the employer and the employee.

SupaNova pays all the costs included in the lease for you, this means you're never out of pocket!

A Novated Lease combines all of a vehicle's running costs into one convenient document. This allows both the driver and the employer to keep tabs on all associated costs.

Employees

Taking the vehicle payments from your pre-tax salary means less income tax and more money in your pocket!

  • SupaNova takes care of all the vehicle payments.
  • No GST payments.
  • You get to choose a vehicle that suits your style and budget.

If you change jobs, you get to keep the car.

Employers

A Novated Lease allows you to effectively give your employees a pay rise at no extra cost.

  • SupaNova takes care of all the vehicle payments.
  • A Novated Lease allows you offer a vehicle as part of a salary package.
  • The employee is responsible for the vehicle's upkeep, leaving you free to concentrate on your business.