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Novated leasing, explained plainly

No jargon, no sales pitch. Just the stuff worth knowing before you sign, backed by the real quotes we analyse every day.

Q&A
Quick answers to common questions
How it saves money, why the rate looks different, what running costs cover, the EV FBT rules, and what happens if you change jobs.
Is a novated lease actually worth it?
A straight answer. A novated lease can save you thousands, but only if the finance rate is fair and you actually use the running costs. Here is how to tell for your situation.
6 min read
Why the rate on your quote isn't the rate you're paying
Most novated lease quotes show a low headline rate, then bury the real cost. Here is why your effective interest rate is almost always higher, and how to work it out yourself.
5 min read
How to read a novated lease quote
The lines on a novated lease quote that actually matter, and the ones designed to look good. A plain-English walkthrough so you know what you are signing.
6 min read
The EV FBT exemption and the 2027 wind-back, explained
The electric-car FBT exemption is what makes novated leasing an EV so cheap. Here is how it works today, and what is proposed to change from 2027, in plain English.
5 min read
Why effective rates look so high on cheap cars
A $20k EV can show an effective rate near 19% while a $70k car shows 9%. Here is why, and why a high percentage does not automatically mean a bad deal.
4 min read
Novated lease vs car loan: which is actually cheaper?
The honest comparison. A novated lease usually wins on an EV and often on a petrol car too, but not always. Here is what decides it, and how to check for your own car.
6 min read
What happens at the end of a novated lease?
The residual, your three options, and the mistakes to avoid. A plain walkthrough of what actually happens when a novated lease reaches the end of its term.
5 min read
What's really in your running-cost budget (and how to spot a padded one)
Fuel, servicing, tyres, insurance and rego are bundled into your lease as estimates, not fixed costs. Here is what should be in there, and how to tell if the numbers are inflated or too low.
6 min read
Can you get a novated lease on a used car?
Yes, usually. Used-car novated leases are allowed and can still save tax, with a few differences on GST and age limits. Here is what changes compared with a new car.
5 min read
What happens to your novated lease if you change jobs?
A novated lease is tied to your salary, so changing jobs or redundancy raises a fair question: what happens to the car and the payments? Here is the plain answer.
5 min read