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Hatch
CT
Lexus CT
CT
Compact Touring

Available In

1.8L HYBRID

CT
Sedan
IS
Lexus IS
IS
Intelligent Sport

Available In

2.0L TURBO / 2.5L HYBRID / 3.5L V6

IS
ES
Lexus UX
ES
Elegant Sedan

Available In

2.5L HYBRID

ES
GS
Lexus GS
GS
Grand Sport

Available In

2.0L TURBO / 3.5L V6 / 3.5L V6 HYBRID

GS
LS
Lexus LS
LS
Luxury Saloon

Available In

3.5L V6 HYBRID / 3.5L V6

LS
Coupe
RC
Lexus RC
RC
Racing Coupe

Available In

2.0L TURBO / 3.5L V6

RC
LC
Lexus LC
LC
Luxury Coupe

Available In

3.5L V6 HYBRID / 5.0L V8

LC
SUV
NX
nx 300 awd
NX
New Cross Over

Available In

2.0L TURBO / 2.5L HYBRID

NX
RX
Lexus RX
RX
Recreational Cross Country

Available In

3.5L V6 / 3.5L V6 HYBRID / 2.0L TURBO

RX
LX
NAV
LX
Luxury Four Wheel Drive

Available In

4.5L V8 Diesel / 5.7L V8

LX
Performance
Lexus RC F
RC F
Racing Coupe F

Available In

5.0L V8

RC F
Lexus GSF
GS F
Grand Sport F

Available In

5.0L V8

GS F
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NOVATED LEASE

Similar to a Finance Lease, a Novated Lease gives you the ability to offer incentives to your staff with the ability to include a vehicle of their choice as part of their salary package, which may have potential tax benefits.

The employee and the employer enter into an agreement with Lexus Financial Services, with the employee's obligations and rights under the lease transferred to the employer. The employer then pays the monthly vehicle rental from the employee's salary and provides the vehicle for the employee to use as part of their salary packaging arrangement. This option reduces the need for overheads and reduces liability. And because the vehicle is not an asset of the business, residual risk value is also decreased.

A NOVATED LEASE OFFERS (FOR EMPLOYERS):

  • Access to discounts on servicing and maintenance when vehicle running costs are managed by Lexus Financial Services.
  • No residual risk, as the residual value obligations always remain with the employee.
  • "Off the balance sheet" accounting for the employer.
  • Employers don't get lumbered with excess vehicles if an employee leaves as they take the vehicle with them.
  • The ability to offer a more attractive salary package and attract employees.
  • Reduced admin time and costs in comparison to company vehicles.
  • We can arrange Novated Leases for your employees, saving you time and money.
  • Vehicle finance only available on a single vehicle.

If the employee changes their employment during the term of the Novated Lease, payment obligations are transferred to the employee. The employee may, however, be able to novate the lease to their new employer or take over the full repayments by refinancing under an alternative finance contract with us or another financier. This means an employer won't be left with unwanted vehicles if an employee moves on.

Footnotes
The information provided by Lexus Financial Services, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536 is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances. The Lexus Financial Services Novated Lease product is administered by Toyota Fleet Management, a division of Toyota Finance Australia Limited ABN 48 002 435 181, ASFL and Australian Credit Licence 392536. A member of the Toyota Group of Companies.

Approved applicants only. Terms, conditions, fees and charges apply. A minimum loan term of 12 months applies. The maximum loan term will vary depending on the finance product selected and will be subject to Lexus Financial Services policy and procedure. You may be required to pay a deposit for capacity reasons. Additional interest charges will accrue if you select a balloon final payment option and early termination fees may apply if you elect to make additional repayments during the loan term.