Lexus Novated Lease
Explore competitive novated lease deals on your next Lexus with Leaselab. Simplify car ownership with tailored, tax-effective leasing. Get started today.

Experience Elegant Performance with a Lexus Novated Lease
Since its inception in 1989, Lexus has infused every detail of its brand with "omotenashi," the Japanese tradition of hospitality that makes each driver feel truly cared for. Whether behind the wheel of the iconic RX or the sleek NX, each model is a symbol of refinement, delivering reliability, striking design and daring craftsmanship.
With a Lexus novated lease, you can enjoy the pinnacle of sophistication while managing both vehicle costs and upkeep in a tax-smart way. Elevate your drive and make Lexus luxury yours.
Elegant Engineering. Confident Driving. Discover Lexus.
With responsive handling, luxurious interiors and state-of-the-art technology, Lexus ensures every journey is smooth, safe and unforgettable.

Is a Lexus novated lease eligible for the FBT exemption?
Electric vehicles under the luxury car tax cap enjoy the federal FBT exemption, allowing all lease and running costs to be covered pre-tax. This structure makes upgrading to an electric car a financially smart and environmentally conscious decision.
For FY 25/26, the Lexus UX 300e Luxury and UX 300e Sports Luxury are eligible. Estimate your repayments using our calculator and discover how a novated lease can place your dream Lexus within reach.

Will I have ownership of the Lexus once the novated lease term ends?
To take ownership of your Lexus after completing a novated lease, you'll need to pay what’s known as the 'balloon payment' or 'residual value.' This payment is determined as a percentage of the car’s overall price and is influenced by the duration of your lease. Generally, opting for a shorter lease results in a higher balloon payment, while a longer lease can lower this amount but allows for less flexibility.
With Leaselab, you won’t have to navigate this journey alone; our dedicated team is here to assist you in making informed decisions that suit your financial goals and lifestyle.

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
Is a Lexus hybrid better value than a Toyota hybrid?
Lexus hybrids share beloved Toyota technology but add premium interiors, advanced safety features and greater comfort. Toyota remains the practical choice for affordability, but Lexus delivers a more luxurious driving experience while still offering fuel savings. For novated leases, Lexus hybrids can offer stronger long-term satisfaction for drivers who desire both efficiency and prestige.
Does a Lexus lease stack up well against Mercedes-Benz?
Mercedes-Benz brings prestige and cutting-edge technology, but often at higher servicing and ownership costs. Lexus, by contrast, provides a reliable, stylish and more affordable option through novated leasing. With excellent resale value and consistent performance, Lexus appeals to professionals who want the benefits of luxury while keeping costs manageable and predictable across the life of the lease.
Does Lexus have an edge over other luxury brands in leasing?
Lexus stands out for its strong resale value, class-leading reliability and exceptional customer service. These qualities translate into competitive lease rates and long-term savings. For many drivers, Lexus blends the premium feel of European rivals with lower ownership costs, creating an appealing balance of quality, prestige and financial sense under novated leasing.
What is the optimal duration for a Lexus novated lease?
The ideal length of a Lexus novated lease primarily depends on your unique preferences and financial circumstances. For Lexus drivers, opting for shorter lease terms might mean higher monthly payments, but this flexibility can be invaluable for those who want to avoid long-term commitments or anticipate lifestyle changes. On the other hand, longer leases generally feature lower monthly expenses but may lead to a prolonged repayment period. Generally, a lease duration of three to five years offers a sweet spot between affordability and commitment.
Which Lexus models are popular under novated leases?
Lexus novated lease customers often choose the LBX Hybrid and UX300h Hybrid for city-friendly efficiency and premium comfort. Families and professionals lean toward the ES250 or ES300h Hybrid for space and refinement, while the NX250 adds SUV practicality. For drivers ready to go electric, the UX300e offers luxury with zero emissions.
How does Lexus compare to BMW for novated leasing?
BMW emphasises sportier handling and driving performance, while Lexus focuses on refinement and long-term reliability. With a novated lease, Lexus often provides better value due to lower servicing costs and stronger dependability. Professionals seeking understated luxury and financial predictability tend to lean toward Lexus, while BMW suits those prioritising performance-focused prestige.
Lexus RX vs Audi Q5 – which suits professionals more?
The Lexus RX offers more space, smoother hybrid efficiency and renowned reliability, making it attractive for busy professionals and families. The Audi Q5 delivers sharper dynamics and a European feel. Under novated leasing, the RX appeals to those who value low running costs and durability, while the Q5 attracts drivers who prefer sporty performance.
Is the Lexus UX hybrid more efficient than the Volvo XC40?
The Lexus UX hybrid delivers excellent fuel economy and low emissions without needing to be plugged in. The Volvo XC40 offers plug-in hybrid and electric options, but comes with higher purchase costs and charging considerations. For a straightforward novated lease with predictable running expenses, the UX hybrid often proves the more efficient and practical choice.

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

.png)
