A popular choice for all types of drivers, the Toyota Corolla pairs reliability and fuel efficiency with a modern, European-inspired design that delivers big on performance. The ideal vehicle for urban commuting or long-distance journeys, the Corolla is known for its comfort and functionality. Securing a new Toyota Corolla on a novated lease with LeaseLab means you can enjoy all the benefits that come with owning this best-selling vehicle model while reaping the significant financial rewards that other financing solutions can’t beat.
At LeaseLab, we streamline the novated leasing process, ensuring it's as straightforward and hassle-free as possible. From providing transparent, easy-to-understand quotes to managing every aspect of your Toyota Corolla novated lease, we handle it all. Forget the hassle and the headache of buying a new car with traditional financing options, and explore the advantages - and the tax savings - of a novated lease for your new Toyota Corolla. With LeaseLab, your Toyota Corolla novated lease is in expert hands, so you can confidently drive away.
FBT
FBT is the tax that normally applies when your employer pays for something personal, like a car. On most cars it eats into the saving. The Dolphin is a battery electric car under the federal exemption, so FBT doesn't apply at all, and the pre-tax advantage is yours to keep.
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GST
The 10% GST comes off the car's price, and off the running costs you bundle into the lease. That saving lands before you've driven a kilometre.
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Pricing
We buy at the discounted rates bulk buyers get, with no dealer or brand ties. The exact drive-away price appears in your quote, not after it.
What these add up to depends on your salary, state and kilometres. The estimate panel prices this exact car against your numbers, and your personalised quote then shows every line.
The information you share is used for the purposes of an estimate. In many cases your final quote is less than what is shown here based on your personal circumstances.
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Instant estimate - no obligation
Choose your own running costs
You can customise your lease to your liking. Get a Personalised Quote below to choose your options.
Instant estimate - no obligation
Compare Savings by Variant
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A popular choice for all types of drivers, the Toyota Corolla pairs reliability and fuel efficiency with a modern, European-inspired design that delivers big on performance. The ideal vehicle for urban commuting or long-distance journeys, the Corolla is known for its comfort and functionality. Securing a new Toyota Corolla on a novated lease with LeaseLab means you can enjoy all the benefits that come with owning this best-selling vehicle model while reaping the significant financial rewards that other financing solutions can’t beat.
Choosing a novated lease for a Toyota Corolla comes with a host of enviable financial perks. When you lease a Toyota Corolla, your novated lease payments, as well as running costs like fuel, insurance premiums, tyres and maintenance, are deducted from your pre-tax salary, much like salary-sacrificing. This reduces your taxable income, allowing you to take home more of your earnings. A Toyota Corolla novated lease gives you the option to bundle all vehicle-related expenses into one regular, predictable payment, eliminating financial surprises and simplifying your budget planning.
With a Toyota Corolla novated lease you won't pay GST on the vehicle purchase price or any running costs, giving you a 10% saving from day one. And, the flexibility and ease of a novated lease through LeaseLab means you will enjoy all the benefits of driving a brand new Corolla of any kind without restrictions on personal use, unlike some traditional financing solutions.
At LeaseLab, we streamline the novated leasing process, ensuring it's as straightforward and hassle-free as possible. From providing transparent, easy-to-understand quotes to managing every aspect of your Toyota Corolla novated lease, we handle it all. Forget the hassle and the headache of buying a new car with traditional financing options, and explore the advantages - and the tax savings - of a novated lease for your new Toyota Corolla. With LeaseLab, your Toyota Corolla novated lease is in expert hands, so you can confidently drive away.
Quick Quote
The information you share is used for the purposes of an estimate. In many cases your final quote is less than what is shown here based on your personal circumstances.
The Process
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.
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.
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.
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.
Instant estimate - no obligation
Easily the most appealing benefit of a novated lease for a Toyota Corolla is the substantial financial advantage. With a Toyota Corolla novated lease, you’ll avoid paying GST on the purchase price as well as on its running costs like fuel and servicing. Your regular novated lease payments will be made from your pre-tax salary, which will lower your taxable income, resulting in significant tax savings. A novated lease also offers flexibility, giving you the option to secure a new or used Toyota Corolla, and to use it however you like, without the restrictions that some other vehicle financing solutions put in place.
Getting started with a Toyota Corolla novated lease is simple with LeaseLab. Use our novated lease calculator to estimate your potential savings, explore our Toyota Corolla novated lease plans, and then contact us to receive a personalised quote for a plan that suits your lifestyle. We handle all aspects of the leasing process, simply and transparently, without the jargon or the hassle of other finance solutions.
Yes, you can save significantly on GST with a Toyota Corolla novated lease. You'll avoid paying GST on the vehicle purchase price, which can save you thousands of dollars. Additionally, GST savings extend to the running costs of your Corolla, such as fuel, insurance, and maintenance, reducing the overall cost of ownership by 10%.
Instant estimate - no obligation
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