Volvo Novated Lease
Discover the Reliability & Safety of a Volvo with a Novated Lease
With a legacy of unparalleled safety and reliability, Volvo has been at the forefront of technology that prioritises the well-being of drivers and passengers. Renowned globally for its innovative spirit and family-focused luxury, Volvo is committed to sustainability with a goal to offer a fully electric model by 2030. From the smart Volvo XC60 to the luxurious Volvo S90, the brand’s high-performance fun and efficiency stand out for customers.
Choosing a novated lease for your next Volvo can be one of the most cost-effective ways to finance your car.
Put the Pedal on Savings with a Volvo Novated Lease
A novated lease from Leaselab can help you hit the open road in your new Volvo sooner, for less. Enjoy incredible savings back in your pocket when you pay off your novated lease using your pre-tax income, rather than fronting up a large amount of money or a traditional car loan. Bundle your Volvo’s running costs with your novated lease like, Compulsory Third Party insurance, fuel, registration and comprehensive insurance and you’ll increase your savings while making budgeting easier.
There’s never been a better time to make the switch to the electric Volvo C40 – unlock extra savings with the federal government’s fringe benefits tax (FBT) exemption for zero and low-emission vehicles. Use our Volvo novated lease calculator to estimate the potential savings on your new car with Leaselab.
No matter which Volvo novated lease plan you choose, Leaselab will manage your lease, process expenses and cross-check charges with our transparent account reporting system. We understand the right plan depends on your preferences, lifestyle and financial goals – that’s why our Volvo novated leases maximise savings based on each person’s circumstances. Whether you want to drive away the popular Volvo XC40 SUV or the electric C40, we’ll secure discounts on your vehicle and running costs.
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
How do Volvo novated lease payments work?
A novated lease allows your employer to make payments on your behalf from your gross salary (pre-tax income) to pay a novated lease provider (like Leaselab) for your new Volvo and its running costs. Rather than buying a car outright, you will enter into a lease for a fixed term that works for you. This is similar to salary sacrificing for work-related items or other personal expenses.
If you have your eye on an upgrade, you can take out a new lease and upgrade to a newer Volvo car at the end of your agreement. Leaselab will help you manage your account-keeping fees and simplify the end-of-lease process.
Can I choose any Volvo model for a novated lease?
Most Volvo models are eligible for novated leases from the ever-popular Volvo XC40, XC60 to the S90. Leaselab’s flexible payments allow you to drive your dream Volvo sooner with a model that suits your lifestyle.
Is there a minimum salary requirement for a Volvo novated lease?
While there is no minimum salary requirement for a novated lease, the amount you can get approval for will depend on your financial situation and borrowing capacity. The best way to explore your options is to contact Leaselab so we can assess your ability to make monthly payments and a flexible loan term that works for you.
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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