Considering a new EV?
Save up to 30% with a Novated Lease*
Get access to government incentives and tax benefits that cash buyers miss out on. See how much you can save with a Driva novated lease.
See how much you can save on these popular models
Savings from reduced income tax payable and GST credits available for leases. Includes all interest and lease costs. Based on $150k salary, 5 year loan term
How does a Driva novated lease work?
A novated lease is a three-way agreement between you, your employer, and Driva allowing you to bundle the cost of a car and its running expenses into pre-tax salary deductions.
Typically, a full novated lease includes two components: the finance and the budget/running costs. However, you also have the option to choose a finance-only novated lease, which cover the vehicle finance without the running costs (i.e. fuel, insurance, registration)
Start with a Driva quote
Get an indicative quote of repayments and savings in a few minutes. Quotes are commitment-free and have no impact on your credit score. You can adjust them as many times as you like to compare various vehicles.
Get your application ready
Once you are satisfied with your selection, add a few more details and upload your documents so we can assess your application.
Lodgement
Your application is checked for serviceability and we’ll lodge it to the most suitable lender to ensure a fast and easy approval process.
Settlement
Once approved, digitally sign contracts to finalise your lease. The Driva team will liaise with the dealership to settle funds.
Vehicle pick up
Pick up your new vehicle and we'll handle the payroll set-up with your employer. The payments for your vehicle and its running costs will then come directly from your pre-tax salary at each pay cycle.
Over 1,000,000 people trust Driva to find their best rate
How is Driva different?
Taking the vagueness away from novated leasing.
How does a novated lease work?
A novated lease is an arrangement between you, your employer and a leasing company where your employer uses your gross salary (before tax is deducted) to pay the leasing company for a car you use privately.
How does a novated lease affect my income tax?
Repayments are pre-tax, lowering your taxable income. For electric vehicles, tax savings are even greater due to FBT exemption.
Can novated leases be transferred if I change jobs?
Yes, novated leases are transferable. Lease obligations can follow you to a new employer or attach to your new job.
What are the benefits of a novated lease?
There are many benefits of financing your new vehicle purchase with a novated lease including:
- Tax advantages
- The choice of a new or used vehicle
- Running costs such as services, fuel and registration can be included
- Save money with an exemption of paying Fringe Benefits Tax (FBT) on eligible EVs financed under a novated lease
- Budget convenience
What is the 'Electric Car Discount' policy?
The Labor Government launched its first ever electric vehicle strategy in September 2022, and in November 2022, the Treasury Laws Amendment (Electric Car Discount) Bill passed through the Federal Parliament, which will provide up to $2000 off the purchase price of battery-electric and plug-in hybrid vehicles (PHEV), as well as Fringe Benefits Tax (FBT) exemptions for fleets and novated leases.
The Government will apply the exemption retrospectively to eligible cars first used on or after July 1, 2022.
See how much you can save on these popular models
Savings from reduced income tax payable and GST credits available for leases. Includes all interest and lease costs.
