Call : 1300 122 211

Novated Leasing

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!

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!


    1300 122 211