Novatedleasing.com.au Novated Lease review

Lease a car that's up to 12 years old and reduce your taxable income.

With a car lease, you can get access to the vehicle you want without needing to buy the car or take out a loan. Unlike other leases, a novated lease also allows you to make payments using your pre-tax salary. You will need to be employed and have an employer willing to arrange the payments on your behalf.

NovatedLeasing.com.au is run by Fleet Choice and offers streamlined novated leasing options to let you lease a car and lower your taxable income in the process. You can choose to lease a new or used car and get access to business fleet prices by using Fleet Choice to source the car you want.

Fleet Choice organises a three-way arrangement between you and your employer, where lease payments are taken directly from your salary. Find out if a novated lease is right for you in our review below.

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How does a novated lease from NovatedLeasing.com.au work?

Once you've chosen a novated lease product, you can apply for a quote and will be contacted by a Fleet Choice staff member. You can receive pre-approval and will not need to pay an initial deposit.

You can lease a new or used car up to 12 years old with a maximum term of five years, and can choose to bundle additional services and products into the lease agreement, such as insurance, maintenance and fuel. You will then make regular payments on the lease using your pre-tax salary to help reduce your taxable income. At the end of the lease term, you can simply return the vehicle with no ongoing obligation or costs.

What features are on offer?

  • New or used vehicles. You can choose to lease a new car or an old car up to 12 years old.
  • Fleet pricing available. You may receive discounted vehicle pricing If you use Fleet Choice to find your vehicle.
  • Flexible lease terms. You can lease a vehicle for up to five years.
  • Includes additional running costs. Insurance, fuel, registration and repairs will be included in the lease payment, meaning you do not need to manage the maintenance of the vehicle.
  • Single straightforward payment. You will repay the lease and any additional services included in the agreement via a regular payment.
  • Visa fuel card. You can choose to include a flexible fuel card as part of your lease to pay for ongoing fuel costs.
  • Choose your mechanic. You can opt to use one of the Fleet Choice approved service centres or your local mechanic.

How much does the lease cost?

There are no up-front charges or fees, but you may need to pay additional fees as part of your novated lease. These will only be confirmed once you have submitted your application.

The cost of your lease will vary depending on the age of the vehicle, the term of the lease, as well as the additional services included as part of the agreement. Costs such as repairs, fuel, maintenance and insurance will be included in your payment, but will differ based on the usage of the car and lease agreement itself.

How to apply for a NovatedLeasing.com.au novated lease

If you wish to apply for a lease with NovatedLeasing.com.au, you will need to click "Go To Site" above and follow the instructions to start your application. As part of the initial application process, you will need to provide the following information:

  • Your name and contact details
  • The cost of the car
  • Intended use of the car
  • Your annual salary

You can apply online or by phone, and will also need to provide further personal and financial details as part of the application process.

NovatedLeasing.com.au lets you lease a large range of new or used vehicles using your pre-tax income. All additional running costs will be included as part of the lease to give you simple access to the vehicle of your choice. As with all financial products, you should research a number of options before deciding on the one that best suits your needs.

Compare car loan providers

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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,001
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Credit Concierge Car Loan
From 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
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.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
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 that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Heritage Bank Car Loan
4.89% (fixed)
5.53%
$5,000
1 to 7 years
$200
$5
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
RACV Used Car Loans
From 5.49% (fixed)
6.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 5.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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Compare up to 4 providers

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 4.69% 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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