Personal Finance

Novated Leasing

Car Loans


Personal Loans

Novated Leasing

Novated leasing is a great way to finance and manage your new or used car through salary packaging. This means you pay less tax and save real dollars compared to traditional forms of finance. The car is financed with a “finance lease” and then salary packaged through your employer by way of a novation agreement. The agreement is between you, your employer and a novated lease manager/ financier. Novated leasing may sound complicated and it can be, but by using a CoverU novated lease we make it as simple as possible for both you and your employer so all you need to worry about is driving away in your new car!

Maximise your benefits!

  • Pay for your car with pre-tax dollars so you pay less tax and increase your take home pay!
  • Choose the car you want!
  • Save GST on the purchase price of your car!
  • Take the car with you should you leave your employer
  • Save GST on your cars running costs such as fuel, tyres, servicing, rego and insurance!
  • No large one-off expenses as we budget your cars running costs over the year!
  • Payments matched to your weekly fortnightly or monthly pay cycle!
  • Novate more than one car!

There are a lot of myths around novated leasing
so let’s get this straight!

Don’t I have to pay Fringe Benefits tax (FBT)?

No, with a CoverU novated lease we are able to completely negate any FBT liability.

Isn’t it only for people who drive high kilometres?

With the changes to the way FBT is calculated everyone can benefit from novated leasing whether they drive a little or a lot.

What if I don’t use my car for work?

Excellent, novated leasing is perfect for people who have no business use at all. Whilst we take business use into account you still get a great benefit with minimal to no business use.

Can I buy a used car?

Yes, As long as the vehicle meets certain age and kilometre restrictions you can novate a new, used or even your current car.

But I don’t earn $100K per year!

That’s great because at CoverU we can save you money no matter how much you earn. Novated leases can benefit people on all income levels and we work with you to maximise all savings.

Talk to your CoverU account manager today and find out how much we can save you.
Our process is fast and simple so you can be driving away in your car sooner!

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Car Loans

Need a car loan today! Maybe you just want to see if you can afford a new car?

Talk to a CoverU consultant today and find out how much we can save you on that next purchase.By using CoverU we provide you access to a range of lenders and that means we can get you access to some of the most competitive rates in the market..

These types of loans are usually secured by the vehicle. In some cases they can include amounts above the cost of purchasing the car for things such as additional insurance policies

  • You can buy a new or used vehicle purchased through a licenced dealer or even through private sale.
  • Got bad credit, we can still help!
  • Save time and hassle and let us do the shopping for you!
  • Competitive interest rates from a range of lenders
  • We can also handle the negotiations with car dealers on your behalf
Important Information:

Comparison rates:
It is important to always compare the comparison rates of your loan when deciding on any finance option. Comparison rates may change depending on different loan amounts or terms of a loan and may not consider additional costs such redraw fees, early repayment fees or cost savings such as fee waivers..
Total costs:
Always compare the total costs of a loan and don’t just shop on interest rates or repayments. Interests rates or repayments may look cheap but additional fees, charges and residual/ balloon payments could mask the total costs of the loan over the term.

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Don’t have an ABN but need a chattel mortgage for your next car??

No problems. At CoverU we can provide access to the same great products and rates as regular businesses.
Some of our lenders provide access to this so long as you use your car for predominantly business purposes, can provide proof that you receive a car allowance as part of your salary or have your accountant provide a letter confirming predominantly business use.

CoverU can provide you access to the most competitive chattel mortgages available with:

  • Flexible contract terms ranging from 12 to 60 months
  • Tailored monthly payment to suit your budgets
  • Flexible residual values (balloon)
  • Fixed interest rates
  • Fixed repayments for the term of the contract
  • Deposits through cash or trade in welcome
  • Claim tax deductions for 100% of the business use of the vehicle
  • Claim depreciation on the vehicle
  • No GST is charged on the monthly repayment or the contract balloon amount
  • Secured finance allowing for cheaper interest rates

Phone 1300 122 211 or fill in the contact us form and we will be in touch as soon as possible.

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Personal Loans

Need finance for something other than a car? CoverU can also provide finance for a host of other items..

With a range of secured and unsecured loans we could have the right finance option for you!

CoverU have access to a range of loans for almost any worthwhile purpose.

  • New and Used Boats
  • Jet Skis and Personal watercraft
  • Renovations or home improvement
  • Holidays
  • Education
  • Medical
  • Caravans and Motorhome’s
Comparison Rate Disclaimer:

It is important to always compare the comparison rates of your loan when deciding on any finance option. Comparison rates may change depending on different loan amounts or terms of a loan and may not consider additional costs such redraw fees, early repayment fees or cost savings such as fee waivers..
Don’t just shop on interest rates and repayments as additional fees, charges and residual/ balloon payments can make it look cheap but it could cost you more over the term of the loan.
Enquire Now

1300 122 211

CoverU Pty Ltd (ABN:19164789593) is an authorised credit representative(Credit Representative Number 468505) of Australian Finance Group Limited (ABN: 11 066 385 822) Australian Credit licence Number 389087 and offers insurance products as authorised representatives of Allianz Australia Insurance Limited (ABN 15 000 122 850) AFS License No.234708, Australian Warranty Network (ABN 78 075 483 206) AFSL: 246469 and ERIC Insurance Limited (ABN 18 009 129 793) AFS License No.238279.

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All details on the CoverU website (, in this material or any other CoverU related material, including information related to products and services, is of a general nature only and should not be deemed financial or personal advice. You should consult a professional for advice in relation to your specific needs, circumstances and objectives. Always refer to your Product Disclosure Statement &/or Terms and Conditions when considering your insurance or finance requirements.Privacy Statement