MG Novated Lease
Space, Safety & Smarts All Start with an MG Novated Lease
Born in Britain and reimagined for today’s roads, MG has transformed from a legacy of sporty models into one of the country’s fastest-growing car brands — and it’s easy to see why. MG offers the kind of smart, stylish and affordable vehicles that tick all the right boxes for Aussie drivers.
With bold design, clever tech and class-leading features packed into every model, MG suits everything and everyone, from city cruising couples to that much-needed family road trip. Whether you're drawn to the all-electric MG4, the family-ready ZS EV or the ever-reliable HS Plus EV, MG combines comfort, practicality and forward-thinking features without the price tag. And what's more, you can make it even more affordable with a novated lease.
Savvy Driving with an MG novated lease
A novated lease with MG transforms the way you pay for your vehicle. Novated leasing is a type of ‘salary sacrifice’ that takes repayments out from your pre-tax salary – effectively lowering your taxable income.
With a novated lease, you can roll your servicing, rego, insurance and even charging or petrol costs into one predictable payment. It's a budgeting win for busy families and a welcome alternative to shelling out a lump sum upfront. Driving your dream car has never felt so achievable.
Plug into More Savings with EV Novated Leases
Who says you can’t save and upgrade to electric at the same time? With the MG ZS EV and MG 4 eligible for novated lease benefits and fringe benefits tax exemptions, this could be the most cost-effective way to drive an EV in style. Run the numbers through our lease calculator and see how MG’s electric vehicles stack up.
What is a novated lease?
A novated lease is an innovative way to finance your vehicle through a three-party agreement involving you, your employer, and a car finance provider. It allows you to pay for your car from your pre-tax salary, leading to significant tax savings and a streamlined car ownership experience.
Save thousands in tax
Bundle your car and running costs into one pre-tax salary deduction, saving thousands annually and tens of thousands over the lease's lifetime.
Get a better car for less money
Save up to $6,334 on the GST component of the car's price, making it easier to afford a better car and maximising your budget.
No bill shock
Turn annual car-related expenses into even monthly payments, preventing unexpected costs that can disrupt your budget.
Include running costs
Add fuel, servicing, insurance, and more to your lease package, all paid pre-tax, increasing your savings on everyday costs.
Fixed monthly payments
Enjoy predictable, fixed payments over the lease term, helping you manage your finances with confidence.
Managed by us, for you
We handle all aspects of your lease, from processing expenses to providing transparent account reporting, ensuring hassle-free management.
The Process
How It Works
A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.
You + Your Vehicle
Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.
You + Your Employer
An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.
You + Leaselab
With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.
All your car and running costs are included
Customer Service
Rego & Insurance
Tyres & Alignment
Servicing & Maintenance
Fuel or Electricity
Lease Payments
About Leaselab
We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.As we always say: It’s a new lease on novated leasing.
Why choose Leaselab for your novated lease?
We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers. We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.
years of combined experience in novated leasing
Customer satisfaction rating
of reviews are 5 stars
How we stack up against the competition
We believe everyday Aussies deserve a smarter way to buy a new ute. That's what grounds our commitment to customer success. And it's why we always act in the best interests of our clients by providing trustworthy education and guidance, even (and especially when) it’s difficult.
Total Transparency & Easy Access
See all your lease details at any time, with a simple, intuitive online portal.
Multiple Lender Options, Competitive Rates
Choose from a range of lenders to get the best deal for you.
Super Short Support Wait Times
Speak to a real person in under a minute, on average.
Rapid Reimbursements
Get your money back fast—usually within 2–3 business days.
Dedicated Account Manager
Enjoy personal service from your own account manager, for the life of your lease.
Exclusive Employee Benefits
Access extra perks and benefits beyond your lease, at no extra cost.
Our Happy Customers
Rated 5/5 based on 141 Google reviews
Frequently Asked Questions
Do you actually save money with an MG novated lease?
What sets a novated lease apart from a regular car loan? It's all in the tax savings. With a novated lease, you skip the GST on the purchase price and make payments from your pre-tax salary, helping you hold onto more of your income. By contrast, car loans are paid with after-tax dollars and will have you paying GST. This is the reason why many novated leases come out cheaper than car loans.
What happens after 5 years of an MG novated lease?
Near the end of your novated lease, your provider will send through a payout summary, including the residual value of your car. That’s the figure you’ll need to settle if you’d like to keep the keys for good. You can choose to buy the vehicle, roll the residual into a new lease term, or start fresh with a different car entirely. It’s all up to your preferences and financial goals.
What is the best length for an MG novated lease?
Many Aussies prefer 2-5 years for the flexibility. Longer terms reduce monthly payments, while shorter ones give you the chance to upgrade sooner. The best way to decide is to work out a realistic budget based on your lifestyle and plans.
Helping Aussies get into their dream car
We’ve helped thousands save tens of thousands, and we’re on a mission to make novated leasing mainstream, simple and accessible to everyone.
Education that empowers you
We’re here to give you the knowledge and confidence to make the smartest decision for your situation.
Service that never stops
From your first quote to your final lease payment and beyond, our team is by your side throughout the entire process.
“Great service. Always very prompt in answering questions. Excellent communication, kept me up to date through the whole process. Really couldn't be happier with the service I received.”
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Wayne R
Save thousands in tax by driving your dream car
For Drivers
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