Novated Leasing: the Better Way to Purchase Your Next Car

Australia’s Hassle-Free Car Leasing Solution

A Novated Lease is a tax-effective way to finance your next car, with the flexibility to choose the vehicle
you want and the convenience of having all your car-related expenses bundled into one easy payment.
At beCarWise, we make novated leasing simple, affordable, and tailored to you.

Why choose a Novated Lease with beCarWise?

Thinking about upgrading your car? A Novated Lease is an easy way to get you in your dream car, while leaving more money in your pocket! When you choose beCarWise by Paywise for your car lease, you’re choosing one of Australia’s leading Novated Lease companies, so you’ll reap the following benefits:

Pay Less Tax – Novated Lease costs come from your pre-tax salary, reducing your taxable income.
All-in-One Payment – All vehicle expenses like finance, registration, servicing, insurance, and fuel or charging are covered in one simple payment.
Fleet Discounts – Access dealer fleet pricing for new and used vehicles, including electric vehicles.
No Upfront Costs – Get on the road with minimal out-of-pocket expenses.
Flexible Lease Terms – 1 to 5-year Novated Leases available.
We Handle the Entire Process – Our team manages everything, including coordinating with your employer and setting up your payroll deductions.
Payments Aligned With Your Pay Cycle – Your Novated Lease payments are conveniently deducted in line with your payroll schedule.

We handle everything, from sourcing the car and negotiating discounts to managing payroll setup with your employer.

Ready to get started?
We’re ready to chat.

How Does a Novated Lease Work?

A Novated Lease is a three-way agreement between:

1. You (the employee) – who chooses the car and enjoys the tax savings.
2. Your employer – who deducts the Novated Lease payments from your salary.
3. beCarWise by Paywise – who manages the Novated Lease, vehicle procurement, running costs, and support.

A Novated Car Lease includes all ongoing car expenses:

Novated lease repayments
Registration and CTP
Servicing and maintenance
Tyres
Fuel or charging
Comprehensive insurance

You’re free to choose the car you want – new, used, or electric. You can also choose to take our a Novated Lease on the car you currently own!

Electric vehicles priced below the luxury car tax threshold ($91,661) may qualify for zero FBT under the current Australian government policy. This means:

Greater tax savings – Because eligible electric vehicles are exempt from FBT, you can salary package the car without the tax normally applied to employer-provided benefits.
Lower overall car lease costs – The FBT exemption can significantly reduce the total cost of your Novated Lease.
More affordable access to EVs – The exemption helps make electric vehicles more accessible by aligning with government incentives.

Talk to us about our EV Novated Lease options, with popular models from leading brands like Tesla, Polestar, BYD, Kia and more.

Who Can Get a Novated Lease?

Private employees in the public or private sector.
Government workers through salary packaging arrangements.
Anyone earning a regular income with employer support for salary sacrifice.

Even if you change jobs, your car lease can often transfer to a new employer or revert to personal payments.

Novated Lease vs Car Loan – What’s Better?

Feature	Novated Lease	Car Loan
Tax Savings	✅ Yes	❌ No
Running Costs Included	✅ Yes	❌ No
Vehicle Choice	✅ Yes – New / Used / EV	✅ Yes
Early Exit Flexibility	⚠️ Depends on agreement	⚠️ Variable
Suitable for EVs	✅ Yes – FBT Exempt	✅ Yes

Choose a Novated Lease if you’re after tax efficiency, bundled costs, and streamlined budgeting.

Employees: Why Choose a Novated Lease?

The benefits of choosing a Novated Lease are:

Fleet discounts on vehicle purchase, maintenance and running costs
Reduce your income tax
Combine your finance, fuel/charging, tyres, servicing, registration and insurance costs into one regular, cost-effective salary deduction
It’s safe, smart and simple to set up

We make it easy to get started with a Novated Lease. Learn more about Novated Leases for Employees

More Employee info

Employers: Why Offer Novated Leasing?

The benefits of offering Novated Leasing to your employees:

Attract, retain and reward your loyal employees
Reduce your payroll tax obligations with employee contributions
Strengthen your reputation as an employer of choice
Best of all, it won’t cost your company a cent

We make it simple to roll out Novated Leasing to your team. Learn more about Novated Leases for Employers.

more employer info

Types of Novated Leases

We tailor Novated Car Leases to your needs:

Fully Maintained Lease – all costs included
Self-Managed Lease – you control more of the services
Electric Vehicle – EV Novated Lease – tailored for maximum FBT benefit

The benefits of a beCarWise Novated Lease

We find, you drive
Fleet discounts
All your running costs are covered
The choice is yours!

We find, you drive

Love the idea of a new car but dread the sales process required to buy it? We hear you. Simply let us know what you need, and our free car buying service will identify a range of options that suit your lifestyle and your budget. When it comes to buying time, we’ll also negotiate on your behalf, ensuring you get maximum bang for your hard earned, pre-tax buck.

Fleet discounts

You want the best possible deal on your new car. But as an individual buyer, great deals can be hard to find. Thanks to our fleet and volume discounts you can get the car you want, at a price you can afford. Just let us know what you’re looking for and we’ll line it up. Too easy.

All your running costs are covered

A Novated Lease means that all your running costs – such as finance, fuel/charging, registration, insurance, servicing, and new tyres – are covered in one regular payment! This makes budgeting simple and convenient for the life of your lease.

The choice is yours!

Don’t be fooled into thinking a Novated Lease is strict and structured – you’ll be provided with many options throughout your lease to suit your needs. When it comes near to the end, whether you want to own outright, sell, or refinance, the choice is all yours.

Ready to get started?

Chat with a Novated Leasing expert of calculate your savings now.

Start My Lease

Call us on 1300 734 500 or contact our team.

You won’t look back when you make the switch to a Novated Lease from beCarWise by Paywise.

Simply fill in your details below and one of our friendly consultants will be in touch to tell you more.

Novated Lease FAQs

What is Novated Leasing?

A beCarWise Novated Lease is a three-way agreement between you, your employer and a leasing company such as beCarWise, where your employer makes the lease repayments, while you agree to provide a portion of your salary to cover the vehicle payments and running costs. You may also know it as salary sacrificing.

How many Novated Leases can I have?

With beCarWise, as long as your salary can cover the Novated Lease payments, you can have as many Novated Leases as you like.

Is the car I choose to lease only for business use?

No, you can use a novated leased car for both business and/or personal use. The car is completely yours! You can also choose any make or model you like, subject to some conditions such as it’s a passenger vehicle. You also don’t have to choose a new car, you can even choose a used car if that’s what you prefer to do, although some conditions also apply. Contact us to learn more.

What benefits does Novated Leasing offer me as an employee?

As an employee, there are two large benefits associated with a Novated Lease. These are significant income tax reductions and GST savings for the life of the Novated Lease. Your vehicle’s running costs (including fuel/charging and maintenance) are also forecasted over the life of the lease, ensuring there are no nasty lump sum payments if and when any large repairs are required.

How do employers benefit from Novated Leasing?

From helping to provide a cost-effective transportation solution for all your employees, to helping you to attract, retain and reward your loyal employees, Novated Leasing offers a host of benefits for employers. Plus, there is no extra work or money you need to put in as an employer.

Do I need to drive the car a set number of kilometres to save money?

Whether you drive a little or a lot, a beCarWise Novated Lease is one of the easiest ways to save on your next vehicle. The amount you’ll save will vary depending on how many kilometres you drive, the purchase price of your vehicle and your gross salary, but rest assured we’ll find you the deal that offers you the biggest benefits.

I’m thinking of changing my job – what will happen to my Novated Lease?

Your payments and cards are linked to your employer, so if you do change jobs, the leasing company needs to know. You’ll need to fill out some forms for us – you can find those here. However, there are options! If you do change jobs, you’ll have three options to choose from:

Continue with monthly payments: With this option, you’ll be responsible for paying all of your monthly payments, as well as the costs for your vehicle out of your own pocket.

Renovate your lease: If your new employer agrees, you can renovate your lease with them. You’ll have access to the same fantastic benefits as with your previous employer.

Payout your lease early: When you take on a Novated Lease, you agree to lease the vehicle for a set period of time. If you break the lease early, you’ll need to pay the remainder left on the lease, along with the residual value of the vehicle (GST included). Essentially, this option means you’re buying the vehicle outright.

What happens at the end of my Novated Lease?

A Novated Lease has a residual value (or balloon) payable at the end of the lease or at the point in which you elect to payout and own the vehicle outright. Generally, the longer the lease, the smaller the residual payment at the end of the lease. At the end of your lease term you have three options; pay full the remainder on your lease, sell the car, or refinance the vehicle by taking on a new Novated Lease. The choice is yours.

Have a question we haven’t yet answered? Visit our full list of FAQs here or contact us today.

form id: 1

Car Type	Small
Fuel Type	Petrol
Vehicle Cost
Car Kilometres
Car Lease Term

Car Type	Small
Fuel Type	Petrol
Vehicle Cost
Car Kilometres
Car Lease Term