Drivers Hub

Get easy access to information on leasing, managing and driving your vehicle

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What is a Novated Lease?

A novated lease is a finance arrangement on an eligible vehicle* of your choice. Your employer pays for your vehicle lease and running costs using your salary through a combination of pre- and post-tax salary deductions.

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What's in it for me?

Your choice of car
Pick an eligible vehicle* that suits your household and lifestyle, with no upfront costs. Any make or model. Petrol, hybrid or battery electric
Tax-effective financing
Deduct your payments from your post-tax salary, helping to reduce your taxable income.
Predictable budgeting
Manage your budget with one fixed payment. Your budget can cover car payments as well as your running costs such as fuel, maintenance, registration etc..
Buying power
Take advantage of TFM's buying power on the cost of your car. We negotiate on your behalf to get you the best price and running costs.
Simplified vehicle admin
Let us take care of the administration for servicing, maintenance, insurance and rego. We'll even send reminders for any appointments you need to make.
Pre-paid fuel/charging
Bundle your fuel/charging expenses into your budget for cashless motoring. You can also benefit from discounts with our fuel partners.

How does a Novated Lease work?

  1. Choose your car

    You select a new or used vehicle that suits your lifestyle. We'll provide a quote for the monthly payments required to cover the cost of the vehicle and its running costs.

  2. Set up your salary package

    You select a new or used vehicle that suits your lifestyle. We'll provide a quote for the monthly payments required to cover the cost of the vehicle and its running costs.

  3. High angle view of a smiling young woman talking on her mobile phone while standing outside by her care

    Enjoy your new vehicle

    You select a new or used vehicle that suits your lifestyle. We'll provide a quote for the monthly payments required to cover the cost of the vehicle and its running costs.

  4. Decide what's next

    You select a new or used vehicle that suits your lifestyle. We'll provide a quote for the monthly payments required to cover the cost of the vehicle and its running costs.

How much can I save?

Compare your estimated overall leasing costs with that of a traditional car loan.

CALCULATE SAVINGS

Our Novated Lease Customer Testimonials

  1. Tesla Model 3

    Really happy with the knowledge and support I have received from TFM

  2. Hyundai i30

    The consultant was extremely responsive and quick to reply clearly explaining all the requirements throughout the process and how everything worked.

  3. Toyota RAV4

    As this was my first time taking out a novated lease, I was pleasantly surprised by how easy and stress-free it was. I will be recommending TFM to my friends and family.

  4. GWM Cannon Alpha

    I want to acknowledge and express my appreciation for the simply outstanding customer service that TFM provided, not only recently, but throughout the last six years & four novated leases. 

  5. Deepal E07

    The consultant who handled my lease was very patient and had a lot of knowledge around my questions about Novated Leasing.

Employers

Find out how novated leasing can help attract and retain talent.

MORE INFO
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Fuel and Energy Management

Using Your Fuel/EV Charge Card and Managing Expenses

The simplicity of a novated lease means that all your energy expenses, including fuel and/or charging are bundled into one payment. This article outlines how to purchase, manage and track fuel and/or the charging for your vehicle.

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Servicing and Maintenance

How to book and pay for vehicle servicing

When you take out a novated lease with TFM, your vehicle servicing and maintenance may be included as part of your lease. This guide explains how to book a service, where to take your vehicle, and how payment works so you can help keep your vehicle in good condition. You are responsible for ensuring the vehicle is maintained to the manufacturer’s requirements to comply with the warranty conditions.

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Registration and insurance renewals

Managing your annual vehicle requirements

Renewing your novated lease vehicle’s registration and insurance is easy—we handle most of the paperwork for you. This article walks you through what you need to know to keep your car registered and insured for the lease.

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Roadside Assist Guide

What to do when you need help

If your novated lease includes TFM Roadside Assist, it is available to help you 24/7. Our emergency Roadside Assist team can help if you get stuck either because you’ve  might have broken down, got a flat tyre, flat battery, run out of fuel or locked your keys in the car. 

If you’ve selected roadside assistance from a state-based provider in your contract and require assistance, please contact them directly.

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*Vehicles for a novated lease with TFM are subject to eligibility and lending criteria. Eligible vehicles must be passenger vehicles with fewer than 9 seats and must have a payload capacity below 1 tonne. Vehicles must also be less than 10 years old at the conclusion of the lease term. Please ensure compliance with these conditions to qualify for a novated leasing arrangement.

The information provided by Toyota Fleet Management (TFM), a division of Toyota Finance Australia Limited ABN 48 002 435 181, Australian Credit Licence No 392536, on this website is of a general nature and for your information only. Nothing on this TFM Website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any product or service featured on this TFM Website, TFM recommends that you seek independent professional advice about that product or service, such as from your accountant, taxation or financial adviser or lawyer, who can advise you about your personal circumstances and what would be suitable for you.