Ute Novated Lease
Ute ownership is having a reliable partner for work, adventure and everything in between. Discover how novated leasing makes your perfect ute more affordable with Leaselab's tailored solutions.

Make Your Ute Work Even Harder
Whether you're considering a Ford Ranger, a Toyota HiLux, or another leading model, a novated lease from LeaseLab makes it easier – and more tax-effective – to get behind the wheel.
It’s your reliable workhorse and weekend warrior, with flexible payments tailored to your lifestyle and budget. Plus, you’ll use pre-tax dollars to cover lease and running costs, unlocking real tax savings. That means more in your pocket and less financial strain, all while driving the ute you need (and want!).
Tough on the Outside. Smart on the Inside. Discover Ute Novated Leases.
Gear in the back, dirt on the tyres and your next trip already planned – utes are made for Aussie living, with Leaselab making them more affordable than ever.


What utes are available on a novated lease?
Aussie favourites like the Toyota HiLux, Ford Ranger, Isuzu D-MAX and Mitsubishi Triton are all available through a novated lease with Leaselab. Whether towing the boat up to Noosa, loading tools in Parramatta or escaping to the High Country for a long weekend, there’s a ute built for the way you live and work.
Pick from dual cabs, tough 4x4s or high-spec models, with running costs bundled into one tax-smart payment. After all, life’s just better with a ute that pulls its weight every day.

Can I get a novated lease as a sole trader?
Novated leases are generally available only to salaried employees with PAYG income, so most sole traders aren’t eligible straight away. However, if you set up a company structure and pay yourself a salary as a PAYG employee, you can qualify.
We’re here to help make novated leasing a smart, money-saving option for sole traders like you chasing that dream ute.
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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
Is a novated lease on a ute worth it?
Definitely. A novated lease on a ute offers numerous financial benefits. By using pre-tax dollars to make your lease payments, you lower your taxable income, resulting in significant tax savings. Additionally, running costs like insurance, maintenance and fuel can also be paid with pre-tax dollars, enhancing your savings even further.
Plus, you'll benefit from GST savings on the vehicle purchase price and its running costs. Jump into our novated lease calculator with your info to see your potential weekly savings in real numbers.
What are the advantages of a novated lease for a ute?
A novated lease for a ute offers an impressive lineup of financial advantages, including pre-tax salary deductions for lease payments, GST savings on the purchase price and running costs and the convenience of bundled payments for expenses like insurance and maintenance.
This structure not only lowers your taxable income but also makes budgeting easier and ownership more affordable. With a novated lease on your ute, you can enjoy the benefits of driving a new ute without the pressure of other finance solutions.
Are there any restrictions on how I can use my ute with a novated lease?
Nope, there are no restrictions on how you can use your ute with a novated lease. It’s yours for business and leisure. Our novated lease structure allows you to manage your expenses efficiently while providing the freedom to use your ute as you wish to.
What happens at the end of my novated lease on a ute?
At the end of your ute’s novated lease, you have a few flexible options: You can choose to buy the ute outright by paying the residual value, trade it in for a new lease on a different vehicle or simply hand it back. This flexibility makes it easy to match your needs as they change.
Is it worth switching from a diesel ute to a hybrid?
Switching from a diesel ute to a hybrid can be worth it if you’re after better fuel efficiency, lower emissions and potential state-based tax incentives. Hybrids often offer smoother, quieter rides and reduced running costs. However, consider your driving habits and upfront costs to decide if the switch fits your lifestyle and budget.
Can I get an electric ute on a novated lease?
Absolutely! Electric and hybrid utes such as the LDV eT60 and BYD Shark 6 are available through novated leases. This means you can enjoy significant tax savings, making your lease more affordable. Plus, driving an electric ute or hybrid model supports a cleaner, greener future, combining cost-effectiveness with sustainability.
What happens if I leave my job during a novated lease?
If you leave your employer, your novated lease agreement will typically end since the lease is linked to your salary packaging. At this point, you’ll need to take over the lease payments yourself, or you might be able to transfer or re-novate the ute lease with your new employer. We’ll offer guidance and lay out your options to help you smoothly manage this transition without disruption.
What’s the best ute for both work and weekend use?
That depends on your priorities, but all-rounders like the Ford Ranger and Toyota HiLux are popular for good reason. They’re tough, capable and comfortable. If you want something a bit more affordable, the MitsubishiTriton or IsuzuD-MAX offer great value and strong performance too.
Which ute is the best for towing?
Most leading utes can tow up to 3,500kg when properly equipped, but torque and towing confidence vary between models. If towing is high on your list, you’ll want to look closely at engine specs and stability.
The Ford Ranger, Toyota HiLux, Isuzu D-MAX, and Mitsubishi Triton all offer a maximum braked towing capacity of 3,500kg, though the Triton’s comes with some caveats. The Ranger provides the most engine variety, available with a 2.0L Bi-Turbo or a V6 diesel, delivering up to 600Nm of torque. The HiLux pairs its 3,500kg towing with a 2.8L diesel engine producing 500Nm, while the D-MAX relies on a 3.0L diesel generating 450Nm. The Triton is powered by a 2.4L diesel engine with 470Nm of torque, giving tradies and tow-vehicle buyers solid capability across all four models.
How do these utes compare in fuel economy?
Here’s a rough guide to real-world economy across the top dual-cab diesel models:
The Ford Ranger Bi-Turbo achieves an official combined ADR fuel economy of around 7.6 L/100 km. The Toyota HiLux varies by variant, ranging between 7.5 and 8.4 L/100 km. The Isuzu D-MAX is rated at approximately 7.2 L/100 km under factory WLTP standards, though real-world figures often sit closer to 8 L/100 km. Meanwhile, the Mitsubishi Triton records a combined WLTP figure of 7.7 L/100 km for the automatic, with variants ranging up to roughly 7.9–8.8 L/100 km.
Which ute offers the best value for money?
If you’re after solid value in a novated lease, the Mitsubishi Triton is a strong contender with competitive pricing, starting around $229 a week. The Toyota HiLux starts slightly lower at $218, offering great long-term resale and premium finishes.
The Volkswagen Amarok and BYD Shark 6 both come in around $257 a week, delivering a mix of power and modern tech. The Ford Ranger, from $290 weekly, is pricier but offers top-tier features and comfort. Your choice depends on what balance of price, features and style suits you best.
Which ute is the most comfortable for daily driving?
For both weekday commutes and weekend adventures, the Ford Ranger stands out with its SUV-like comfort, smooth ride and modern interior. The HiLux has also made big improvements in comfort. If you prefer straightforward, no-fuss driving, the D-MAX and BT-50 deliver solid performance, while the Triton is a bit snug but remains practical and budget-friendly.