A novated lease can be a great option if you want to save on taxes while enjoying the flexibility of bundling your car costs into a single, regular and predictable payment. It’s particularly beneficial for those who prefer a hassle-free way to manage their vehicle expenses, and for those who appreciate securing the best possible deal for a new vehicle.

A BMW novated lease offers tax savings by using your pre-tax income for lease payments. It also provides GST savings on the purchase price and running costs, and potential FBT exemptions for hybrid and electric models. This makes driving a luxury BMW more affordable and financially advantageous than traditional vehicle financing or purchasing outright. See how much you could save using our novated lease calculator.

The residual value is the estimated value of the vehicle at the end of the lease term. It is agreed upon at the start of the novated lease for your BMW and influences the lease payments. At the end of the lease, you can pay the residual value to own the car, return it, or start a new lease.

Absolutely! You can include running costs like servicing, insurance, registration and even tyres in your BMW novated lease. Bundling these expenses into one convenient, tax-effective payment not only simplifies your budgeting but also maximises your savings. It’s a smart, hassle-free way to enjoy premium driving without unexpected costs.

Yes, certain electric BMW models in Australia qualify for Fringe Benefits Tax (FBT) exemptions. This means you can enjoy significant tax savings when leasing models like the iX3 or i4, making the switch to electric more affordable and rewarding. It’s a great time to upgrade to greener, luxury driving.

BMW’s running costs are generally competitive with other luxury brands, especially when you factor in the benefits of a novated lease. Their efficient engineering and included servicing plans help keep costs manageable. Plus, with bundled payments, you can avoid surprises and drive your dream car with confidence.

BMW’s electric models stand strong against Tesla and Polestar, offering impressive performance, cutting-edge tech, and refined luxury. While Tesla leads on range, BMW shines with its driving dynamics and premium interiors. Choosing BMW means you get sustainable innovation without sacrificing style or comfort.

BMW lease terms are comparable to other luxury brands at Leaselab, typically ranging from 2 to 5 years. This flexibility lets you plan your finances, upgrade your vehicle regularly and stay in control. It’s an ideal setup for professionals who want luxury without long-term commitment. 

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Yes, BMW novated leases offer great flexibility if your work situation changes. You can often transfer the lease to a new employer or adjust terms to suit your circumstances. This peace of mind lets you focus on your career, knowing your lease adapts seamlessly as your life and work evolve.

BMW’s safety features are on par with Mercedes-Benz and Audi, equipped with advanced driver assistance and active safety tech. Leasing a new BMW means you benefit from the latest safety innovations, giving you confidence on the road and protecting what matters most.