By Want to drive a gorgeous new car but don’t love the price tag or the idea of forking out a massive deposit? You’re not alone. More and more Australian women are discovering the lifestyle perks of a novated lease in Australia — and it’s changing the way we think about car ownership. Whether it’s the ability to drive a luxury car through salary packaging a car, or saving thousands each year through novated lease tax savings, this smart leasing option makes it easier to get what you want without compromising on lifestyle or budget.
So, What Exactly Is a Novated Lease?
Let’s break it down. A novated lease is a three-way agreement between you, your employer, and a finance company. Instead of taking out a regular car loan, your car payments — plus running costs like rego, insurance, fuel, and servicing — are bundled into one monthly payment that’s deducted from your salary. The best part? Most of that deduction comes from your pre-tax income, meaning fewer dollars go to the taxman.
In short, it’s a way to upgrade your car and boost your take-home pay at the same time.
Why Women Are Loving This Leasing Option
If you’re a working professional, consultant, or business owner on a salary, the benefits of salary packaging a car through a novated lease are seriously compelling. It’s low-stress, financially smart, and lets you enjoy life in a newer, safer, and more stylish vehicle — without draining your savings.
Leasing also offers flexibility that traditional finance can’t. Want to upgrade every few years and avoid the hassle of reselling your old car? You can. Prefer to choose an EV, SUV, or something family-friendly? You’ve got options. And if you go electric, you could qualify for full novated lease tax savings thanks to Australia’s Fringe Benefits Tax (FBT) exemption for eligible electric vehicles.
Lifestyle Meets Flexibility
Life changes — and your car should be able to change with it. Whether you’re starting a new job, planning a big move, or juggling work, fitness and family commitments, a novated lease gives you the freedom to drive what you need, when you need it. No lengthy contracts. No balloon payments. Just a sleek ride and a simplified budget.
And because novated leasing is available on new, used, and electric cars, you’re not locked into expensive, showroom-only vehicles. Want to go green? Tick. Prefer something already broken in and budget-friendly? That works too.
Pros, Cons, and What to Watch For
The pros:
- You’ll likely pay less tax
- Running costs can be bundled in
- No large upfront cost
- Easier budgeting with fixed monthly repayments
- Access to newer, safer, better cars more often
The cons:
- You need employer approval
- Leaving your job may affect the lease
- You don’t own the car until the lease ends
- Early termination fees may apply
Before jumping in, consider how long you plan to stay with your current employer, how many kilometres you drive each year, and what type of vehicle suits your lifestyle. A bit of planning upfront can help you unlock maximum value from your novated lease in Australia.
Women Are Driving Smarter in 2025 Thanks To Flexible Leases
Whether you’re running between meetings, picking up the kids, or heading away on weekend escapes, having the right car makes all the difference — and you don’t have to break the bank to get it. A novated lease in Australia offers a clever, flexible way to drive the car you want while still saving on tax. From EV perks to streamlined costs, the financial and lifestyle wins are real. With the right lease in place, salary packaging a car could free up more money for the things you love — and those novated lease tax savings? They’re the icing on the cake.