Novated Finance Australia

Novated Finance Australia: novated vehicle leasing in Australia

Novated Finance Australia presents itself as a provider of novated leases aimed at buying cars through salary packaging. Its approach is to bundle finance and vehicle running costs into a single payment, with the option to purchase the car at the end of the contract through a balloon payment.

What the lease includes

The company details that its "fully maintained and all inclusive" pricing formula includes the following items in a single payment:

• Finance and repayment service
• Maintenance
• Fuel or charging
• Comprehensive insurance
• Tyres
• Registration and CTP (compulsory third party insurance)

Benefits highlighted by the company

According to its own description, a novated lease allows for greater savings through salary packaging, simplifies the path to vehicle ownership, brings the main running costs together in a single payment, and offers flexible payments tailored to the customer's budget.

Catalogue of available vehicles

The site shows a search tool with 331 results of cars available for novated leasing. The filters allow selection by body type (4x4s, dual cab utility, electric, family, plug-in hybrid and prestige), by make, by engine type (petrol, diesel, hybrid, electric and plug-in hybrid) and by weekly price range, from $150 to $400 per week.

Among the makes included are Toyota, Ford, Mazda, Kia, Mitsubishi, Porsche, Nissan, BMW, Tesla, BYD, Polestar, Hyundai, MG, Subaru, Mercedes-Benz, Alfa Romeo, Audi, Chery, Chevrolet, Cupra, Deepal, Fiat, Geely, Genesis, GWM, Haval, Honda, Ineos, Isuzu, Jeep, Land Rover, LDV, Leapmotor, Lexus, Mini, Peugeot, Ram, Renault, Skoda, Smart, Suzuki, Volkswagen, Volvo, Xpeng and Zeekr.

Some examples of models and weekly payments published in the catalogue are: Tesla Model 3 from $292, BYD Atto 3 from $221, BYD Dolphin from $198, Volvo EX30 from $273, Mazda CX-30 from $283, Toyota RAV4 from $270, Kia EV6 from $336, MG ZS from $195, Nissan Leaf from $255 and Polestar 2 from $274. For other models, such as Volkswagen Golf 8, Porsche Macan 95B or Toyota Prado, the site shows "Unlock Your Rate" instead of a specific payment.

Additional savings on electric vehicles

The company specifically mentions the existence of extra savings for electric vehicles within its novated leasing offer.

Contact and customer service

The company handles enquiries by phone on 1300 001 418 and by email at enquiry@nfaus.com.au. Its opening hours are Monday to Friday from 08:30 to 17:30 and Saturdays from 09:00 to 13:00.