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How a novated lease works
A novated lease can be the most cost effective way to get a car.
Once you’ve decided that a novated lease is a fit for you, complete our obligation-free enquiry form.
Review your quote & apply
Driva will be in touch to provide a quote and talk you through the process of applying.
Approval & vehicle reservation
Your finance approval is in place and you can now purchase the vehicle. Your employer will make payments directly to the lease provider from your pre-tax income!
Why we built Driva?
We were tired of the time-consuming and anxiety-filled experience of getting a car loan.
Have a question?
How does a novated lease work?
A novated lease is an arrangement between you, your employer and a leasing company where your employer uses your gross salary (before tax is deducted) to pay the leasing company for a car you use privately.
What are the benefits of a novated lease?
There are many benefits of financing your new vehicle purchase with a novated lease including:
- Tax advantages
- The choice of a new or used vehicle
- Running costs such as services, fuel and registration can be included
- Save money with an exemption of paying Fringe Benefits Tax (FBT) on eligible EVs financed under a novated lease
- Budget convenience
What is the 'Electric Car Discount' policy?
The Federal Government’s proposed ‘Electric Car Discount’ policy – which is currently scheduled to begin on 1 July 2022 but still needs to be legislated – provides an exemption from the requirement to pay fringe benefits tax (FBT) on some electric vehicles that fall below the luxury car tax threshold for low-emission vehicles ($84,916), as well as an import tariff exemption that removes a 5% tax on many imported EVs.
Do you do used cars or private sales?
Yes! Our large panel of lenders covers dealership and private sales, and used and new vehicles. Vintage, used or new - we can help!