Toyota Novated Lease

Get behind the wheel of Toyota's legendary reliability and cutting-edge innovation with a smart novated lease through Leaselab. Simplify car ownership with tailored, tax-effective leasing. Get started today.

Toyota

Unlock Savings on a Toyota with a Novated Lease 

In a world chasing speed, Toyota has quietly dominated with patience and precision. It’s a brand that proves thoughtful progress wins in the long run. With a novated lease, you can enjoy the benefits of driving a new Toyota while saving thousands compared to traditional financing.

Whether you're drawn to the efficiency of the Corolla, the versatility of the RAV4, the cutting-edge technology of the Prius or the rugged capability of the HiLux, a novated lease can make your ideal Toyota more affordable.

Built to Perform. Designed for Life. Explore the Toyota Lineup.

Toyota’s lineup spans efficient compacts through powerful utes, offering dependable performance no matter where your drive takes you.

Toyota

Will my novated lease cover scheduled Toyota servicing and repairs? 

One of the smartest advantages of a Toyota novated lease is that scheduled servicing and repairs can be wrapped into your package. Toyota’s capped-price servicing makes it easy to predict your costs, and when bundled into your lease, these costs are covered using pre-tax dollars. That means less paperwork, fewer surprises and more money in your pocket. 

Regular maintenance is carried out by Toyota technicians using genuine parts, so your car stays in top condition without the hassle. It’s all about keeping your Toyota running smoothly while making the numbers work in your favour.

What happens at the end of my Toyota novated lease? 

At the end of your Toyota novated lease, you’ll have a few flexible options. You can choose to purchase the vehicle by paying the residual value, often lower than the market price, thanks to Toyota’s strong resale reputation.

Alternatively, you can trade the vehicle in, refinance the residual or upgrade to a newer Toyota model on a fresh lease. Many drivers use this moment to step into the latest model with updated tech and safety features, all while keeping the tax benefits rolling through salary packaging.

Toyota

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.

1

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.

2

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.

3

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.

Explore our most popular Toyota models

All your car and running costs are included

Customer Service

Customer Service

Rego & Insurance

Rego & Insurance

Tyres & Alignment

Tyres & Alignment

Servicing &  Maintenance

Servicing & Maintenance

Fuel or Electricity

Fuel or Electricity

Lease Payments

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.

100+

years of combined experience in novated leasing

97%

Customer satisfaction rating

99%

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

We've saved thousands, for thousands

Rated 5/5 based on 141 Google reviews

Frequently Asked Questions

What are the advantages of a novated lease for a Toyota?

The tax saving on a Toyota novated lease is the real clincher; you can save tens of thousands of dollars! By avoiding GST, you'll save 10% on the purchase price, as well as the running costs of your new vehicle. Then, by using your pre-tax dollars for your lease payments, you’ll lower your taxable income and save even more.

On top of the financial gains, you’ll have the enjoyment of the renowned reliability and innovation of a Toyota, just without the financial impact of regular car financing or an outright purchase.

How do I get started with a Toyota novated lease?

Start by using our novated lease calculator for your Toyota to estimate your potential savings. You can contact us directly with any questions or submit your details online, and we’ll give you a call to run through the details of a personalised quote. Our team will guide you through each step, from start to finish.

What are the benefits of a novated lease for a Toyota fleet?

A novated lease for a Toyota fleet vehicle can provide substantial savings for businesses. By using pre-tax income for lease payments and running costs, businesses can reduce their taxable income, and with no GST charges on vehicle purchases or maintenance, it’s a cost-effective solution for managing a fleet of reliable Toyota vehicles for your company.

What’s the best Toyota model to lease for long-distance commuting?

If you’re commuting long distances, consider a novated lease on a Toyota Camry Hybrid or RAV4 Hybrid. Both offer excellent fuel efficiency, a quiet drive and advanced driver assistance features, ideal for highway travel. With a novated lease, you'll also reduce your taxable income while covering your commuting costs more affordably.

Are Toyota hybrids more expensive upfront than petrol models?

Yes, Toyota hybrids typically cost more upfront due to the added electric motor and battery technology. However, they offer lower running costs through better fuel efficiency and potential tax benefits via novated leasing, making them more economical over time.

For example, the Corolla Hatch starts at around $29,270 for the petrol version compared to $32,110 for the hybrid. The RAV4 begins at $39,760 for petrol and $42,260 for hybrid, while the Camry petrol starts at $35,051 versus $37,051 for hybrid.

Which Toyota SUVs are best for off-road and adventure?

For rugged off-road terrain, the Land Cruiser 300 and Prado are top picks – both Toyota SUVs offer 4WD, high ground clearance and advanced terrain response. For lighter adventure and weekend getaways, the Fortuner and RAV4 AWD combine capability with daily usability.

How does Toyota’s hybrid technology work across its lineup?

Toyota hybrids use a combination of a petrol engine and an electric motor to optimise fuel efficiency. The system seamlessly switches between power sources or uses both for extra performance. Regenerative braking helps recharge the battery while driving, no plug-in required. It's available across models like the Corolla, RAV4, Yaris and Camry.

What are the main differences between Toyota’s Corolla and Camry?

The Corolla is a compact hatch or sedan ideal for urban driving, efficient, affordable and easy to park. The Camry is a mid-sized sedan with a larger cabin, more boot space and a smoother ride, ideal for longer commutes or families wanting extra room.

When it comes to specifications, the Corolla runs on engines ranging from 1.8L to 2.0L and offers a boot space of about 217 to 470 litres, making it a great choice for city drivers. The Camry, on the other hand, comes with a larger 2.5L engine or hybrid option, paired with a roomy 524-litre boot, making it better suited for families and commuters who value space and comfort.

Can I upgrade my Toyota novated lease vehicle during the lease period?

Yes, it’s possible to upgrade during your lease, though conditions apply. You may need to settle the existing lease or refinance the remaining balance into a new agreement. When your lease is coming to an end, we’ll assess the financial implications and ensure it aligns with your salary packaging benefits.

Can I lease a Toyota ute for business and personal use?

Absolutely. With a novated lease, you can use vehicles like the Toyota HiLux or Land Cruiser 70 Series for both business and personal needs. As long as the ute meets eligibility criteria (e.g. under the 1-tonne payload limit for FBT exemption), you can put it on a novated lease structure.