Volvo Novated Lease
Leaselab makes Volvo ownership simple and affordable. With a novated lease, enjoy tax savings, bundled running costs and the freedom to drive sooner. Start today.
Discover the Reliability & Safety of 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 CX90, 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.
Confidence in Motion. Comfort in Every Mile. Discover Volvo.
Volvo’s lineup blends innovative safety features with understated luxury. From compact city crossovers to spacious seven-seaters, Volvo ensures confidence in every drive.
Does Volvo have hybrid or electric models eligible for novated leasing?
The XC40 Recharge and XC60 Recharge plug-in hybrids, along with the electric EX30, are all eligible for novated leasing. However, only select models under the luxury car tax threshold qualify for the federal FBT exemption.
Choose an eligible electric model and you’re set to reduce your carbon footprint while maximising savings. Use our calculator to estimate repayments or contact us for personalised numbers.
What happens if I change jobs during my Volvo novated lease?
Your lease can usually be transferred to your new employer, keeping your Volvo and benefits intact. We can also help get your employer get set up with Leaselab. It’s actually surprisingly simple to set up with almost no paperwork - and it costs them nothing out of pocket.
If transfer isn’t possible, flexible options such as refinancing or early payout are available. This way, your lease adapts to career changes without disrupting your drive, with our team guiding you every step.
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
Why do families often choose a Volvo for a novated lease?
Families trust Volvo SUVs for their reputation in safety, roomy interiors and practical luxury. Features like advanced driver assistance and child-friendly space make models like the XC60 or XC90 appealing. Bundling running costs into the lease helps busy parents enjoy predictable expenses while driving a safe, reliable family car.
Can I choose any Volvo model for a novated lease?
From the ever-popular Volvo XC40 and XC60 to the electric EX30, most Volvo models are eligible for novated leases. Leaselab’s flexible payments allow you to drive your dream Volvo sooner with a model that suits your lifestyle. Chat to our team and we can even compare the whole lineup, makes and models for you.
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.
What Volvo models are popular for novated leasing?
The Volvo EX30 electric model is the most popular choice for novated leasing at Leaselab, thanks to its advanced features and efficiency. Other favourites include the XC40, EX40, C40 and S60, combining style, comfort and practicality for professionals and families. A novated lease on these models lets you enjoy Volvo’s safety, technology and design while keeping monthly payments predictable and manageable.
Can I include servicing and insurance in my Volvo novated lease?
Yes, you can package running costs, such as servicing, insurance, fuel and tyres into your Volvo novated lease. This makes budgeting easier for professionals and families by avoiding unexpected bills and enjoying predictable monthly expenses, all while maximising the tax advantages of salary packaging.
Volvo XC90 vs. BMW X5 – which is smarter for families under a novated lease?
The Volvo XC90 is renowned for its seven-seat layout, advanced safety systems and fuel-efficient hybrid options, making it ideal for larger families. The BMW X5 emphasises sporty performance and brand prestige, but the XC90 offers stronger value for growing households looking for bundled running costs in a tax-effective novated lease.
Does Volvo’s hybrid range stack up against Toyota’s hybrids for running cost savings?
Toyota hybrids are often more affordable upfront and deliver excellent fuel economy, but Volvo’s plug-in hybrid models combine efficiency with luxury and advanced technology. For drivers seeking a premium experience with running cost savings, a novated lease makes Volvo hybrids an attractive option without losing the comfort and safety the brand is known for.
Is the Volvo XC60 a better family lease option than the Audi Q5?
Tvolhe Volvo XC60 is often chosen for its reputation in safety, larger cabin space and refined Scandinavian comfort. The Audi Q5 shines with sporty handling and premium finishes, but Volvo edges ahead for families who prioritise practicality, child-friendly features and bundled running costs through a novated lease.
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
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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