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GoNovated novated lease review

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Use your pre-tax income to lease the car you want.

If you’re looking for a car but don’t want to take out a loan, it may be worth considering a car lease. Car ownership comes with a number of ongoing costs beyond the initial purchase and a lease may help avoid these costs and the depreciation of the car itself.

Unlike other lease options, a novated lease can also help you reduce your taxable income by using your pre-tax income to pay for the lease. Your employer will deduct the payments from your regular salary for the life of the lease, giving you easy access to a vehicle while you remain employed.

GoNovated offers straightforward novated lease options for new or used cars for up to five years. See if it’s the right choice for you in our review below.

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

How does a novated lease from GoNovated work?

Once you have decided on a novated lease, you can apply for a quote using the GoNovated website within 15 minutes. You can lease a new or used car for one to five years and your employer will arrange for the lease to be repaid using your pre-tax income.

If you are satisfied with your quote, you can then apply for the lease and organise for your car to be picked up or delivered. Your lease payments will be made directly by your employer and you are free to use the car as you wish. At the end of the lease, you return the car with no ongoing costs or obligations.

What features are on offer?

  • New or used vehicles. You can choose to lease a new or used vehicle.
  • Flexible loan terms. Lease terms run from one to five years.
  • Simple payments. Your employer will organise payment directly with the provider so you do not have to manage the lease yourself.

How much does the lease cost?

The cost of the lease will differ based on your financial situation, type of car used and the terms of the lease. The lease will cover the cost of renting the car, but you may need to cover any associated running costs such as registration, insurance, fuel and maintenance.

You may also have to pay additional or ongoing fees, but these will not be disclosed until you have completed your application.

How to apply for a GoNovated novated lease

If you wish to apply for a novated lease, you can click “Go To Site” above and follow the instructions to begin your application. As part of the initial application process, you will need to provide the following information:

  • Your name and contact details
  • Your salary
  • Type and cost of car

You will receive a quote within 15 minutes of applying and will then be contacted by a GoNovated staff member. You can also apply via phone and will need to provide further financial and employment information as part of your application.

GoNovated lets you lease a new or used car for up to five years while saving on tax. Your employer will organise your payments leaving you free to use the vehicle as you see fit. Always compare a range of financial products before choosing the one that best suits your needs.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.89% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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