How to get a Novated Lease

Step-by-step application process

Getting a novated lease with TFM is designed to be a smooth process. This guide walks through each step and who needs to be involved in each part of the process, so you know what to expect. 

Before you start

Please consider the following:

  • Review your employer’s novated vehicle policy. Check if your employer has an agreement with us. If not, we can help you get one in place.

  • Estimate your annual travel. Calculate how many kilometres you think you’ll drive in a year.

  • Decide on a lease term that suits you. Select a lease period that best aligns with your goals. 

  • Consult with a tax expert. Consult with an independent financial and/or taxation advisor to explore how a novated lease fits into your overall financial plan.

How to apply for a Novated Lease with TFM

  1. Choose your vehicle
    You can choose any passenger vehicle make or model, including used and even your own vehicle* (any used vehicle just needs to meet novated leasing eligibility criteria). Get an estimate using our novated lease calculator. Discover what your repayments maybe for a variety of different vehicles. 

  2. Request a quote
    Contact our team to discuss your lease options and get a quote. You can either call us on 1300 888 872 or fill out an enquiry form.
     

  3. Review & approve your quote
    We will present you with a detailed quote which includes a breakdown of how your salary deductions will be assigned to each of your vehicle budgets (fuel, maintenance etc.).
     

  4. Receive & sign your lease documentation
    We'll prepare the lease documents for you to review once our credit team approves your finance application. Both you and your employer need to sign the documents to finalise the lease.
     

  5. Start enjoying your novated lease
    Collect your vehicle from the Dealer or owner once it’s ready and start enjoying cash-free motoring. Your employer will then receive a notification to begin salary deductions. 

Get started now

Once you’re ready to get started, give us a call on 1300 888 872 or fill out our enquiry form to get a quote

Novated Online Portal

Review your invoices, lease agreement and more. 

LEARN MORE

*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.