NOVATED LEASE

A smart and simple way to finance your Geely. With payments made directly from your salary, you can bundle running costs like servicing, insurance and charging into one regular deduction.

What is a Novated Lease?

A novated lease is a salary-packaging arrangement that lets you finance and run your car through regular payroll deductions. Depending on your employer and novated provider, deductions may be made from your pre-tax or post-tax salary, which can make driving more cost-effective than a traditional car loan.

Your lease can cover everyday car expenses such as:

Registration and insurance
Routine servicing and maintenance
Tyres and roadside assistance
Charging or fuel costs

Electric Vehicles tax settings

Eligible electric vehicles may qualify for a fringe benefits tax (FBT) exemption under ATO rules, which can make novated leasing more cost-effective.

How does it work?

Choose your Geely – Select the model that suits your needs.
Check with your employer – Ask your HR team if novated leasing is available through your workplace.
Use your employer’s novated provider – If your company partners with a Fleet Management Organisation (FMO), they will guide you through the process.
Or find your own provider – If your employer doesn’t have an FMO partner, you may choose from a wide range of novated lease companies.
Salary packaging begins – Your lease payments and running costs are deducted from each pay (pre-tax and/or post-tax depending on eligibility and employer policy).

Why choose a novated lease?

Packaging advantages – Depending on your employer and provider, part of your lease and running costs can be packaged pre-tax, which may lower taxable income.
Single payment – Roll most car costs into a single regular payroll deduction.
Use it your way – Private use generally permitted, subject to your employer’s and provider’s terms.
Predictable costs – Know your budget in advance, with costs smoothed across the lease term.

At the end of the lease

When your novated lease finishes, your options will depend on the novated leasing provider and your employer’s arrangement. Common choices include:

Upgrade – Start a new lease on a brand-new Geely.
Keep – Pay the residual amount to take full ownership of the car.
Return or Trade-in – Some providers may offer return or trade-in programs, depending on your agreement.

Whether you’re new to novated leasing or comparing your options, Geely works seamlessly with Australia’s leading novated providers to make the process simple, transparent, and rewarding.

Disclaimer:

The information on this page is general in nature and does not take your personal objectives, financial situation or needs into account. It is not legal, tax or financial advice. Eligibility for any tax concessions (including the EV FBT exemption) depends on ATO rules and your employer’s arrangements. Please refer to the ATO and your employer/novated lease provider for eligibility and personalised advice.