Novated Leasing Explained
Novated leasing in a nutshell
Novated leasing is a great way to potentially save time and money on the running of a car.
Basically, a new, used or existing car is leased in your name, and while you are employed, your employer assumes responsibility for the lease payments. Instead of paying with the money you have left over after tax, your lease payments and all your car’s running costs are covered in one regular payment, using a combination of your pre- and post-tax salary.
What this means is your taxable income could be lower, and you might end up with more spending money. Best of all, costs such as registration are already budgeted for, leaving you to enjoy your car without the worry of large bills coming in.
How does it work?
Once you have chosen your car (or, if you prefer, we can help source one for you), a lease is set up in your name and your employer agrees to take responsibility for the lease payments. All your lease payments and vehicle running costs are paid from your RemServ novated lease account using a combination of your pre and post-tax salary.
We help you set a budget for the ongoing running costs of your vehicle, which can be adjusted at any time throughout your lease.
Before your lease ends, we will be in touch to discuss what you’d like to do – whether it be to lease a new car, re-lease your existing car, or purchase the car outright.
For more information, please refer to the Novated lease Information Booklet.
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Novated Lease Costs
What is included in a RemServ Novated Lease?
Bundling all your car’s expenses into one regular payment could save you time and money – and help remove some of the usual stresses of vehicle ownership. Here are a few that are covered:
You’ll have a choice of up to two fuel cards so you can fill up wherever and whenever you need.
With a fully maintained lease, your budget covers the cost of scheduled servicing so you can maintain your service history without a worry.
We manage your finance payments each fortnight so you don't need to worry about missing one.
Your registration costs are spread out over the fortnightly payments – so bill dread will become a thing of the past.
How much could you save with a novated lease?
For an indicative snapshot of how much a novated lease might cost, and how much it could save you, check out our calculator.
Why should you choose to take out a RemServ Novated Lease?
For the excellent service of course! Here at RemServ we do all the heavy lifting. Thanks to our nationwide fleet discounts and preferred dealer network, we can find a great price on your new or used car*. Plus, you could save on GST. Not only can we source your car and draw up a budget, we’ll also manage all the paperwork and arrange the finance through one of the novated leasing panel’s financiers and insurance.
*Please note: RemServ’s car and insurance procurement services are optional. You may choose to use our services or those of another provider.
Are you ready to find out more about RemServ Novated Leasing?
Email us or speak to one of our RemServ Leasing Consultants and let us help you understand leasing better by unlocking the options available to you.
Do you know:
How much your current car is costing you?