Think novated leasing is only for high earners, heavy drivers, or finance experts? You’re not alone.
But most of what people think they know about novated leasing is outdated, or just plain wrong.
Let’s bust the top three myths that stop many Australians from unlocking the full benefits of a novated lease.
Myth 1: “Novated Leasing Is Only for High Earners”
This is one of the biggest misconceptions and it couldn’t be further from the truth.
Novated leasing is designed to make cars more affordable for everyday Australian workers, not just executives.
Whether you earn $60,000 or $120,000, you can benefit from the tax savings that come with paying for your car before tax.
Here’s the reality:
- The average income of drivers we work with is $75,000 per year.
- If you’re a full-time or part-time employee with a regular salary, you can usually access a novated lease. Some casual employees may also qualify depending on their contract and employer.
And for electric vehicles, the benefits go even further thanks to the Federal Government’s Electric Car Discount, which makes eligible EVs exempt from Fringe Benefits Tax (FBT).
Learn how novated leasing works
Happy customer with new novated lease car.
Myth 2: It Only Suits People Who Drive a Lot
You don’t need to clock up thousands of kilometres to make a novated lease worthwhile.
The beauty of this setup is that your budget is tailored to your lifestyle. If you only drive on weekends or for short commutes, your estimated running costs (fuel, servicing, tyres) are adjusted accordingly.
Even if you work hybrid or mostly remotely, you’ll still enjoy the convenience of one simple pre-tax payment that covers everything from registration to insurance.
So, whether you drive 5,000 km or 25,000 km a year, novated leasing flexes with you, not the other way around.
Consultant meeting about novated leasing.
Myth 3: It’s Too Complicated to Set up
It might sound complicated, but with the right provider, it’s one of the easiest financial decisions you’ll ever make.
At Remunerator, we handle the details so you don’t have to. Here’s how simple it really is:
- Get a free quote – Tell us your preferred car or budget.
- See your savings – We show you the tax and cost benefits upfront.
- We handle the rest – From paperwork to dealer negotiations, we make sure everything runs smoothly.
- You start driving – All costs are bundled into one easy pre-tax payment.
You’ll have one dedicated consultant guiding you from start to finish, so it’s simple, personal, and stress-free.
Start your novated lease today
The Bottom Line
Novated leasing isn’t just for a select few, it’s for anyone who wants to make their money go further.
From nurses and teachers to IT specialists and public sector workers, thousands of Australians are saving on their next car every year.
If you’ve been unsure whether it’s right for you, it might be time to rethink the myths and see what’s actually possible.