Leave it to your employer

Fixed payments for the term of the lease

Competitive interest rates and full transparency of all fees and charges with one convenient monthly payment.

Find the right car for you

You’re free to pick any car that suits your lifestyle.

Pick a lease term

Select a lease term from 1 - 5 years.

Enjoy the benefits

You could save on tax and running costs, including fuel, maintenance and insurance.

What’s included

  • Routine maintenance & servicing
  • Tyre replacement
  • Vehicle registration renewals (including CTP renewals where required)
  • Comprehensive Car Insurance renewals
  • Detailed reporting is provided to both the employer and employee
  • Caltex Fuel StarCard (provides a fuel discount off the pump price) billed on a monthly basis

How do I apply?

To apply for a novated car lease, call our Novated Leasing Centre on 1300 888 870.

Frequently asked questions

It’s a salary packaging tool, where an employee can include a car as part of their earned income. It must be agreed upon by all three parties – the employee, their employer and the financier (such as PowerTorque Finance). The responsibility of payment then shifts to the employer, who pays the monthly rentals from the employee’s wage.

A novated car lease can give you a range of tax benefits, such as:

  • GST credits (input tax credit), on the initial vehicle purchase (capped in accordance with the Luxury Car Limit).
  • GST credits on vehicle running costs including maintenance, tyres and fuel.
  • Fringe Benefits Tax (FBT), which can lower your tax liability when you package all or a significant amount of the vehicle lease and running costs through your pre-tax (gross) salary.

The payment obligations will revert to the employee, who may be able to novate the lease to their new employer.

Let's get in touch

We're here to help you

Preferred contact method

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Finance contact details

Phone

137 800

8:30am to 6pm (EST)

Monday to Friday

 

Mail

PO Box 1354, Macquarie Centre,
NSW 2113

 

 

 

Disclaimers

The information on this website is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.

It is recommended that you seek appropriate advice from a taxation consultant or financial adviser. PowerTorque Finance is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.