Novated Lease


Lease Agreement | Community Home Loans Australia

What is a Novated Lease

What is a "Novated Lease"?

A novated lease is a vehicle lease agreement between you, your employer and a finance company. Novated Leasing is also known as car salary packaging or salary sacrifice.

Entering into a Novated Lease means that your employer agrees to pay your vehicle lease payments out of your pre-tax salary. Paying with pre-tax dollars allows your income tax to be calculated on the reduced total of your salary or wages minus car payments. Your disposable income is greater than it would be if you were paying for the same vehicle with post-tax dollars.

Talk to us

If a novated lease is an option for you, your business or employer then talk to our corporate finance experts today.


Benefits of Novated Lease

How to proceed with Novated Lease

How to proceed

Speak to your employer

If Novated Leasing is a benefit offered by your employer, you're able to choose the vehicle you wish to drive without the restrictions that typically apply to a company fleet.

Once you've purchased the vehicle and made the finance arrangements in your own name, you then enter into a Novation Agreement with your employer.

Benefits of Novated Lease

Let us take the lead

Employer contact

A novated lease is a great option if are permitted to include a vehicle into an employee's salary packaging. The employer can pay a portion of your lease expense from pre-pay tax income, subject to approval. It may provide some further tax benefits that your accountant can explain in detail.


Finance & Mortgage Broker Centres

Glynn Finance business centres are located across New South Wales and Victoria


Edgecliff (Eastern Suburbs)


Community Home Loans Australia Partners

Our Lenders

Glynn Finance has access to a panel of over 25 lenders, including the big four banks. Our online mortgage calculator provides a mortgage repayment estimate based on loan amount, indicative interest rates, loan term and structure. The tool also lets you compare the rates and features of various loans.

For a more precise estimate of your borrowing capacity, contact a Glynn Finance mortgage specialist today.


*Important Information

The home loans compared on this page are chosen from a range of home loans Glynn Finance has access to. It is not representative of all of the products available in the market. Not all loans and lenders are available in all states. You may not be eligible for all or any of the loans displayed. The rates do not constitute an offer of credit or a quote. There are many factors that will determine your eligibility for a home loan, and a Glynn Finance mortgage brokers or performance and compliance coach can assist in explaining the criteria and evaluating your personal circumstances to find the right home loan for you. Please note that this calculation does not take into account payment of lender's mortgage insurance (LMI) which may be payable depending on the amount you wish to borrow compared to the value of the security property. LMI costs can be significant therefore you should ask if you require further information.
The information provided on this website is general in nature and for guidance purposes only. The product information provided is not a fully comprehensive statement of the relevant product's attributes. We endeavour to ensure that the product details and information provided are as accurate and up to date as possible but is subject to change and we recommend speaking to a Glynn Finance mortgage broker or performance and compliance coach to confirm. You are responsible for the final choice of any product that you may choose.

The information contained on this page and comparison rates are for secured home loan products of the lenders as shown, based on a loan amount of $150,000 and a term of 25 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Credit criteria, fees and charges apply.