If you’ve been thinking about buying a new Toyota, a Novated Lease may provide tax and cost benefits depending on your circumstances. Browse from our extensive range of Toyota cars including the Yaris, HiLux, Rav 4, Prado and more below then get in touch to discover what benefits may be available through a Novated Lease with Paywise.
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EV FBT Exempt
Costs and tax savings shown are estimates based on salary packaging a vehicle under a novated lease over five years, driving 15,000km per year, an annual income of $90,000, and a vehicle located in ACT. Weekly costs shown represent the estimated net impact on after-tax salary. Tax savings represent estimated income tax savings over the lease term. These estimates are based on current tax rates and assumptions and will vary depending on individual circumstances, vehicle selection, usage, and market conditions. Final figures will be confirmed in your personalised quote. If your income, employment circumstances, or usage changes during the lease term, these estimates will also change. Costs shown for vehicle-specific offers are based on the entry-level variant of the advertised model unless otherwise stated. Images are for illustrative purposes only.
Before making a decision, you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Finance is available to approved applicants only. Terms, conditions, eligibility criteria and fees and charges apply.
If you’ve been thinking about buying a Toyota EV, now is the time. Toyota’s battery-electric and eligible low-emission vehicles may benefit from the Australian Government’s Electric Car Discount, which can deliver a full Fringe Benefits Tax (FBT) exemption when novated leased, provided the vehicle’s drive-away price falls below the current Luxury Car Tax threshold. This means that the usual FBT applied to the private use component of a Novated Lease can be waived for qualifying electric vehicles (BEVs), potentially providing additional tax benefits, depending on your circumstances and enhancing the overall value of a Salary-Sacrificed Toyota EV.
It’s important to note that this exemption applies specifically to pure electric vehicles; from 1 April 2025, newly leased plug-in hybrid electric vehicles (PHEVs) will no longer qualify for the FBT exemption, although existing qualifying leases may retain the concession for the remainder of their term if eligibility criteria are met. With Toyota’s new range of electrified vehicles, this Government incentive helps make the switch to cleaner, zero-emission driving through a Novated Lease with Paywise, even more compelling.
If you’re considering your next vehicle, a Novated Lease can provide a convenient way to pay for your next car, with no minimum salary or deposit required.
A Toyota Novated Lease from Paywise also covers more than just the finance of the vehicle, it includes a wide range of expenses related to the vehicle’s ongoing operation and maintenance, helping simplify vehicle budgeting and management. From fuel, to registration, comprehensive insurance, servicing, maintenance, and even roadside assistance, it’s all included in your fortnightly or monthly payments.
Reach out to one of our Novated Lease experts to get started.
Reduce your taxable income by Salary Packaging a portion of your weekly, fortnightly, or monthly gross salary towards your Toyota Novated Lease.
Don’t spend your time looking online or at your local Toyota dealerships. We’ll help you find a Toyota model that suits your needs.
Insurance, servicing, tyres and registration can be budgeted as part of your lease payments!
Eligible employees may benefit from GST savings on the vehicle purchase price and running costs, depending on their circumstances.
We provide you with different options throughout your lease term. Whether you want to purchase, sell, or refinance at the end of the lease, the choice is yours!
Yes, you have the flexibility to select the Toyota model that suits your preferences and needs. Whether it’s the Hilux, Prado, RAV4, Camry or any future Toyota models, Fleet Network can tailor the Novated Lease to your desired vehicle.
The eligibility for a Toyota Novated Lease with Paywise is generally open to Australian employees who receive a salary and benefits package. Whether you are self-employed, work full-time, or part-time, you can find out more about our novated leasing options to determine if it’s the right fit for you
Of course, you have the option to add approved extras and accessories to your Toyota under a Novated Lease. These extras may include features like enhanced interior packages, premium sound systems, or performance upgrades. Adding these extras to your car can be factored into the lease agreement, providing you with a customised driving experience.
You have several options at the end of your Novated Lease. You can choose to upgrade to a newer Toyota model and start a new Novated Lease, extend the existing lease, or purchase the vehicle outright. Our team can guide you through these options to help you make the best decision based on your preferences and financial situation.
The cost of leasing a Toyota through Salary Sacrifice here in Australia, can vary depending on various factors, including the model of the Toyota, the lease term, the agreed-upon usage and mileage, and any additional optional extras or accessories. It’s important to note that everyone’s financial situation and Salary Packaging arrangements may differ depending on their circumstances, so the exact cost will be unique to each person.
To find out the specific cost of leasing a Toyota on Salary Sacrifice, it is recommended to consult with our Novated Lease specialists. Our team will work closely with you to understand your requirements, provide tailored solutions, and provide an accurate quote that takes into account your salary, tax savings, and the terms of the lease agreement. By assessing your needs and preferences, we’ll help you find the most suitable Toyota Novated Lease option that aligns with your budget and desired car.
