Novated Lease for Healthcare Workers

Find out how much you could save on a vehicle as a nurse, doctor or other healthcare employee with a novated lease.

Written byBevan GuestReviewed bySean Callery

What do healthcare workers get from a novated lease?

You may get a discount on regular upfront vehicle costs.
Plus, save up to $6,334 immediately on GST from the purchase price of the car.
Pay for your car using pre-tax income to save on tax (salary sacrifice your car).
The car can be used 100% for your personal use.
Choose a new or used vehicle to novate.
Pay for car expenses (like insurance, registration, fuel, servicing, and tires) through your single regular novated lease payment, and save income tax and GST on those costs as well.
Pay $0 fringe benefits tax on a novated lease for eligible electric vehicles.
Take your lease with you if you switch employers.
Pick from a variety of options that suit your needs when the lease is up

Novated lease example: How much can you save?

The amount you can save in tax with a novated lease can be significant. And you can save regardless of what healthcare income band you're in, as long as you are paying tax.

Here's a hypothetical example where a Department of Health employee who leases a Tesla Model 3 RWD with a purchase price of $66,100 over a 5-year term.

For this calculation we've assumed the healthcare worker is based in NSW and has an annual pre-tax salary of $120,000. For the comparison, we've used a car loan interest rate of 7.5% p.a. and car running costs (insurance, registration, servicing and tyres) based on 15,000kms annually. The vehicle is eligible for the FBT exemption for zero and low emission vehicles.

Of course, this is just an example. The actual numbers will depend on your circumstances and the car you buy. But it gives you an idea of the potential savings for nurses, doctors, physios, OTs, pharmacists and anyone else employed by a department of health eligible for a novated lease.

Find a great deal

No FBT for EVs

An increasingly popular option for healthcare professionals we work with is to novate a zero or low emission vehicles. This is due to the generous fringe benefits tax (FBT) exemption that applies. It means there is $0 FBT to be paid by you or your employer which adds up to thousands of dollars in extra savings.

You can view a full list of the vehicles that are eligible for the FBT exemption to see what options are available.

How can Novated Lease Australia help healthcare workers?

We can help some healthcare workers across several states and territories with novated leasing a vehicle.

Even when the employer has a preferred salary sacrificing partner (which is often the case for health workers), our team will work to provide you with a highly competitive quote for a self-managed novated lease.

"The other companies were quite satisfied in quoting excessive costs and simply failed to follow up in a prompt manner, if at all. NLA, Eddie and their support team have been excellent to deal with and all in all I have had a very easy and painless introduction to novate leasing. I have no hesitation in recommending NLA and Eddie." - Chris Kalmar

Here's what we can do for you

Securing Finance and Sourcing Cars: Calculating the novated lease finance costs, shopping around for lease finance among multiple specialist lenders, and helping you find a car by leveraging our relationships with dealerships to negotiate the price.
Initial Education: Explaining to you the benefits of a novated lease, helping you to maximise your tax benefits, including advising on FBT exemptions (e.g. for electric vehicles) and advising you on estimates only for your running costs.
Set-Up Support: Guiding you from the initial quote through to settlement of your lease, as well as providing the final signed novation and lease agreements to you to provide to your salary packager.
Handling Novation & Lease Agreements: Preparing the novated lease documentation for you and your employer's salary packaging provider to arrange signing. In most cases, though, you will need to source the Salary Packager’s agreements or documents directly from them to complete them yourself.