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How does it work?

Repayments on a traditional car loan are made using your disposable income, also known as post-tax income.

A novated lease allows you to pay for your vehicle as part of your salary package with both pre-tax and post-tax income through salary sacrificing for employees.

A pre-tax deduction is using income that has not been taxed, decreasing taxable income, and saving you money when you opt for salary sacrifice for employees.

What's included

  • Lease repayments

  • Fuel

  • Servicing and maintenance

  • Tyres

  • Registration and CTP

  • Comprehensive insurance

  • Roadside assistance

  • Car washing and detailing

How much can you save?

The table below demonstrates how a person with a pre-tax salary of $50,000 a year could save over $3,000 per annum just by using an Apex novated lease instead of a standard car loan.

Novated Lease

Car Loan

Pre-tax salary






Fringe Benefits



Total Pre-tax



Gross Wages






Income before Personal Expenses



Less Vehicle Expenses



Annual Net Pay



Total after tax benefit = $3,013.15 (increase in disposable income)

*Your individual savings will differ based on salary and circumstance, generally the more you earn the more you save.

Get a personalised comparison today.

What if a novated lease isn't right for you?

We’ve still got you covered!

If novated leasing isn’t a possibility for you due to extended leave, or it isn’t offered by your employer, Apex Novated Solutions will allow you to enjoy some of the perks of vehicle leasing with our Keep Your Motor Running service.

Keep your motor running

How Keep Your Motor Running works?


Easy Pay


Apex will determine your annual vehicle budget by asking you about your past and estimated future usage of your vehicle. Then we even out your payments at your preferred frequency–weekly, fortnightly, or monthly.

Keep Your Motor Running includes fuel, maintenance and servicing, insurance, registration, tyres, car washing, and roadside assistance payments.


Set Up


Once we have calculated your annual vehicle running costs and completed Apex’s documentation, you will receive your fuel card from your chosen provider and we will arrange the Keep Your Motor Running deductions from your bank account.




Download the Apex Novated Solutions App to submit any bills or expenses for payment. The Apex Novated Solutions App also offers other features, such as tracking your vehicle expenditure, reminders and more.

Answers to your questions

What is a novated lease?

A novated lease is a finance agreement between you, your employer, and the finance company. The agreement allows your employer to take money from your pay to make payment for your vehicle finance and its running costs. These costs are bundled into one regular and convenient payment, which is paid to Apex who then makes payment of your finance lease and running costs as incurred.

How does a novated lease work?

Rather than making vehicle payments from your disposable or post-tax income, as you would with a car loan, a novated lease allows for your vehicle payments to taken from both pre-tax and post-tax income.
Pre-tax deductions are made from your income that is yet to be taxed, reducing your taxable income, and saving you money.

What happens at the end of the lease?

There are a few options to choose from at the end of your vehicle lease.

  • Keep the vehicle. Payout the residual amount and own the vehicle outright.

  • Upgrade to a new vehicle. Trade-in your current vehicle and payout the residual amount.

  • Refinance the vehicle. Refinance the residual amount. This option is subject to the age of the vehicle, the amount owing and the value of the vehicle.

  • Sell the vehicle and payout the residual amount.

Are there any restrictions on the age of the vehicle?

Generally, the age of the vehicle that is to be leased cannot be more than 10 years old at the end of the lease period.

What happens if I change jobs during the lease term?

  1. Transfer your novated lease to your new employer

  2. Your novated lease will move to a finance lease if you are unable to package your vehicle with your new employer. Speak to Apex Novated Solutions about our ‘Keep your motor running’ program.

  3. Move your novated lease to a finance lease. This means that you would be responsible for making payment of your vehicle and its running costs from your disposable (post-tax) income.

  4. Payout your lease

Can I just package my vehicles running costs?

Yes, through Apex Novated Solution’s ‘Keep your motor running’ program. Apex will create your annual vehicle budget and handle the payment your vehicles running costs. You will not need to worry about finding the money to pay for any unexpected vehicle expenses or bills. This is great option for Associate Leases.

What is the Employee Contribution Method (ECM)?

The Employee Contribution Method allows you to make post-tax payments towards your novated lease to offset your employers Fringe Benefits Tax (FBT) liability.

What happens if I go on unpaid leave during my lease term?

During any periods of unpaid leave, your employer stops making payments to Apex for your novated lease. This could mean that there might not be enough funds held to cover your lease and running cost payments.

Depending on the length of your unpaid leave, your options are:

  1. Move your novated lease to a finance lease and speak to Apex Novated Solutions about our ‘Keep your motor running’ program

  2. Move your novated lease to a finance lease. This means that you would be responsible for making payment of your vehicle costs from your personal savings

  3. Payout your lease

Can I use my own comprehensive insurance or roadside assistance?

Yes, the choice is yours, you can opt to select your own policy and provider and have the expense added to your budgeted running cost payments. Apex Novated Solutions can also arrange these policies for your convenience.

Can I take out multiple novated leases?

Yes, you can have more than one novated lease. Taking out multiple novated leases may be subject to your employer’s policies, finance approval, and your ability to service the repayments.

Contact Us

Request a quote

Ready to find out more about novated leasing and start saving money?


Ready to get a quote or want to discuss your options with our team? Fill in the form below or call us on 1300 139 218.

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