Novated Lease

A novated lease is a three-way agreement between:

  1. A car financier
  2. Your employer
  3. An employee (you)

You obtain car finance for a car of your choice from the finance provider, for a fixed period of time. Your employer then takes the repayments out of you "pre tax" salary (a "salary sacrifice), thus reducing your taxable income. While the contract for the finance is between you and the finance provider, if you change jobs, you take your novated lease and your car with you.

At the end of the term of the novated lease you have the option to purchase the car for a set residual or you can sell or trade. If you find you make a profit from selling the car, then it's your's to keep!


  • No GST on the purchase price
  • No deposit required
  • SAVE on your vehicle running and maintenance costs
  • SAVE thousands in income tax
  • Take vehicle with you if changing job
  • Just one easy monthly payment for all your vehicle expenses


  • Cheaper and easier to manage than providing company cars
  • Provide a more attractive remuneration package to potential and existing employees.
  • No residual risk
  • Lower Payroll Tax and Work Cover premiums. No surplus vehicles if an employee changes jobs
  • Bridgecoast Finance takes care in arranging everything so you can focus on important business matters instead of organising car finance

Laurie O'Brien
Managing Director / Finance Broker
Ph: 0419 231 975
Marie O'Brien
Accredited Mortgage Consultant
Ph: 0418 493 288