A Novated Lease is a finance arrangement where an employee leases the vehicle from Toyota Financial Services, however, the employer assumes the obligation to make the lease payments for the term of the lease as part of an employee's salary package.

For the first year, the lease can be structured to include all on-road, registration and insurance costs (including Toyota Extra Care products and services), and may constitute a very tax effective means of employee remuneration.

On termination of employment the employee assumes the liability for lease payments however, by agreement, may novate the lease to their new employer.

Allow us to provide you with more information on the benefits of a Toyota Financial Services Novated Lease. Contact Us today.