Salary package the car you love and save thousands

In this section:

What is a novated lease?

A novated lease is one of the easiest and most cost effective ways to buy and own a car, and you don’t need to be earning a senior executive salary!

  • Make tax savings and discounts on your car and related running expenses
  • Bundle finance and running costs into one easy payment on payday
  • Lease a new or used car
  • Choose the lease term that suits your budget, from one to five years

Why choose a novated lease for your next car?

From the day you decide it’s time for a new car till the day you move on to your next car, AccessPay makes it easy for you. Salary packaging a car – also known as a novated lease – works like other salary packaging arrangements in that it utilises your pre-tax income to reduce the cost of owning and running your car.

The difference with AccessPay is that we do most of the legwork for you, and we’re always available to guide you through the process. So all you need to do is drive.

Five ways you save with AccessPay

  1. No haggling, no sales pitch
    In 2017, we saved our customers over $21million on the purchase price of their car through our huge national buying power. That means you can leave the haggling to us and be sure of a great price!
  2. No trudging from dealer to dealer
    We organise your test drives with our trusted network, so you can save your weekends and enjoy the great service (and no pressure!).
  3. No hassles with paperwork and complicated processes
    We guide you through the paperwork and set up the lease with your employer on your behalf. Deductions happen automatically, so there’s no added worry on payday.
  4. No big bills, no out-of-pocket expenses
    All your finance and annual running costs – like fuel, servicing, insurance, registration, roadside assistance and tyres – are bundled together into a single payment deducted on payday. When you incur an expense – like fuel or servicing – the provider bills us directly, and we pay the bill on your behalf with funds set aside in your salary packaging account.
  5. You save thousands!
    When you buy a new car, you’ll pay no GST on the purchase price, instantly saving 10%. And because most running costs are paid with pre-tax dollars, you save a minimum of 30%, depending on the rate at which your tax is calculated.

Related article: Leasing a car: we bust the myths holding you back.


 Doing the sums: how a novated lease compares to other finance options

There are a number of different ways to pay for a new car, but does one save you more than another? Is it better just to pay cash? And what about taking out a loan against your mortgage?

The following example looks at the costs of purchasing and running a Mazda CX-5 over five years, and how a novated lease compares to other popular forms of car finance.

how a novated lease compares to other finance options

Already know the car you want?

Request a quote, and we’ll put the full picture together for you in a transparent, easy-to-read quote, including the average discount we’ve secured on your make and model, so you can easily see how much you’ll pay and how much you’ll save.


It is recommended that you speak with AccessPay prior to entering into any novated lease arrangement. Subject to your organisation’s salary packaging and employee benefits Policy.
* Note, before deciding on how to purchase a vehicle, we recommend seeking independent financial advice to ensure the choice you make best suits your financial circumstances.
1 Vehicle price stated includes all QLD on-road costs and government charges. 2 Total cost over life, where life represents 5 years. All calculations based on the following assumptions: living in NSW 2000, salary: $85,000 gross p.a., travelling 15,000 kms p.a., lease term: 60 months. Figures quoted include budgets for finance, fuel, servicing, tyres, maintenance, Vero by Suncorp comprehensive motor insurance and re-registration. Novated lease calculations: use Net GST processing method and ECM method for FBT purposes; the total cost over life reflects the net effect after tax and includes a Smartleasing admin fee; the Smartleasing buying power discount varies by vehicle and is subject to change; residual value is $9,585.10 including GST at the end of the lease term (the vehicle can be sold or re-leased to payout the residual at end of the lease term). Interest rate quoted for novated lease is 8.60% p.a. vs 10% p.a. for car loan vs. 4.12% p.a. for mortgage loan. Total cost over life for a mortgage loan reflects borrowing the purchase cost of the car against the mortgage and accelerating the payments to offset the change in interest charged and paying this additional amount off over 5 years. Essentially a car loan at 4.12% p.a. Vehicle pricing and finance rates are correct at the time of print (July 2017) and may be subject to change.

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