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Estimate your novated lease savings
Lower your taxable income & drive down expenses from our partnership with Employment Hero
All fees included -
no hidden charges
We protect your
credit score
Pre-qualified rates
matched to you
Diverse panel of
over 30 lenders
Can be 10-15% cheaper than paying cash for your EV*
*Savings from reduced income tax payable and GST credits available for leases. Includes all interest and lease costs. Based on $150k salary, 3 year loan term, 8.34% interest rate & $75k vehicle price.
How a novated lease works in 3 easy steps
Personalised savings estimate
Use our calculator to immediately find out what you could save
Complete your application
Provide some supporting information with the help of our novated experts to get you approved
Finalise package
We'll help you set up the perfect package tailored to your needs
Over 1,000,000 people trust Driva to find their best rate
Employer?
See how you can retain more staff with novated leasing
Effortless onboarding
Streamlined process takes all the heavy lifting out of your HR set-up, with our team guiding you through the setup process in minutes
Seemless intergration
Bundling all vehicle expenses—including financing, fuel/charging, maintenance, and insurance—into a single pre-tax payment
Dedicated support for your staff
Our novated leasing experts handle all the details, providing support for both your employees and your HR team
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 is Driva?
Driva’s mission is to help you navigate existing lenders in the market and obtain finance for new or used vehicles.
There’s already so many finance lenders out there, we thought adding another name to the list wouldn’t help. This means we don’t have any incentive to steer you down the wrong path.
We take the hard work out of the online application process from start to finish providing a seamless and hassle free experience. We’re 100% transparent, so there are no hidden surprises and provide you with personalised rates based on your profile. This means no last minute rate changes just before you sign the contract, so you can get the best deal possible for your dream car.
What should I do if I need help using the novated lease calculator?
If you need assistance with our novated lease calculator or have any questions, please don't hesitate to contact Driva for support. You can reach us by phone at 1300 755 494 or via email at contact@driva.com.au. Our team is here to help ensure you have all the information you need!
How does a novated lease affect my income tax?
Repayments are pre-tax, lowering your taxable income. For electric vehicles, tax savings are even greater due to FBT exemption.
Can novated leases be transferred if I change jobs?
Yes, novated leases are transferable. Lease obligations can follow you to a new employer or attach to your new job.
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 Labor Government launched its first ever electric vehicle strategy in September 2022, and in November 2022, the Treasury Laws Amendment (Electric Car Discount) Bill passed through the Federal Parliament, which will provide up to $2000 off the purchase price of battery-electric and plug-in hybrid vehicles (PHEV), as well as Fringe Benefits Tax (FBT) exemptions for fleets and novated leases.
The Government will apply the exemption retrospectively to eligible cars first used on or after July 1, 2022.
PHEVs will initially be covered, but the offer will expire on April 1, 2025.