Novated lease step by step guide

The following guide explains TFM's Novated Lease requirements. Find out how to get a Novated Lease below and get ready to hit the road in your new car.

What is Novated Leasing?

Novated Leasing means that your car lease is paid for by your employer through a combination of pre-tax and post-tax salary deductions. With a Novated Lease, you can drive the car of your choice without compromising on lifestyle.

How does a Novated Lease work?

Getting a Novated Lease is a simple process and we're here to help you every step of the way.

Contact us

Call Toyota Fleet Management on 1300 888 872 or fill out our enquiry form to get a quote.

Review your employer’s car policy

Before choosing a car, check if your employer has an agreement with us. If not, no problem, we can guide you on how to get one in place.

We give you a quote

TFM presents you with a quote and a salary analysis. We also include the finance application, which we can email to you directly.

You accept the quote

Submit your finance application along with accepting the quote.

Lease documentation is prepared

Subject to credit approval, your finance is approved and we draw up the documents.

Sign the lease documents

Both you and your employer sign the documents.

The car is delivered to you

Get ready to enjoy your new ride!

Your employer commences salary reductions

Your employer will be sent a notification to begin salary reductions.

Things to consider

There are some key things to consider when taking out a Novated Lease.

What type of car do you want? (Remember, TFM novates all cars, not just Toyotas).
Check out your employer's policy on Novated Leasing
Decide how much you can afford by estimating your lease payments here
Think about car options and accessories
Estimate how many kilometres you'll travel each year (private and business)
Decide on a lease term that suits you
Consider seeking independent financial advice

Contact a specialist

If you are looking to purchase a new or used vehicle and interested in fleet leasing options including a Novated Lease, please contact us.

Call us Enquire