Drivers in Melbourne and wider Victoria stand to save thousands by using a novated lease for their next car.
Getting a novated lease in Melbourne
How it works
Instead of buying a car yourself using cash or a car loan, you acquire a car for 100% personal use through a lease provider. The payments for the car (it can be a new or used car) are made directly from your salary by your employer. Here’s how you save:
You get a GST discount on the vehicle purchase price (up to $6,334 in FY 2025-26).
You enjoy significant income tax savings making lease payments from your pre-tax salary through a salary sacrifice arrangement.
You can also package your regular vehicle running costs (with a further GST saving) into your lease payments for extra income tax savings.
If you drive an electric vehicle there are major extra savings thanks to a fringe benefits tax exemption on eligible low- and zero-emission vehicles.
How we can help Melbourne drivers
Our expert Melbourne-based novated lease consultants are experienced working with local employers across Victoria on establishing lease agreements for employees.
They can also help you find a great deal on a new or used car through our network of Victorian car dealership connections. At a time when vehicle delivery times in Melbourne are particularly long, having local expertise on your side could help you get your car faster.
We’ll also help you understand which cars will maximise your tax savings based on the government incentives available in Victoria.
What are the electric vehicle incentives in Victoria?
Drivers in Melbourne who get a novated lease on an electric vehicle may be eligible for further savings thanks to a range of government incentives available in Victoria.