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Drive a New Toyota Corolla with a Novated Lease from LeaseLab
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.
Save More on Your Toyota Corolla with a Novated Lease LeaseLab
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.
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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What are the benefits of a novated lease for a Toyota Corolla?
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.
How do I get started with a Toyota Corolla novated lease?
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.
Can I save on GST with a Toyota Corolla novated lease?
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
The Process
How Your Novated Lease Works
A step-by-step guide to how a novated lease works, from choosing your dream car to all the way to the end of your lease.
Vehicle & Financial Consultation
We'll make sure your chosen car is within budget, you can comfortably afford the repayments, and your employer is happy to partner with us on your novated lease. Most finance approvals happen within 24 hours, subject to credit assessment. We coordinate between all parties on your behalf.
Car Shopping
This is the fun part. Whether you know the specifics or just have a general type of car in mind, we'll help source it from our national dealer network and secure the best deal on your behalf. While you’re at it, explore additional protection like MotorOne protection packages, MDR, insurance and more, which you can bundle into your lease.
Sign, Celebrate & Drive
It's time to sign the paperwork and pick up your car. We’ll send you a fuel card, and you’ll be able to access your lease portal. Here, you’ll find everything you need to know about your lease and any questions you might have.
End of Lease Options
When your lease ends, you choose what happens next. Sell it through TradeLab for competitive valuations (keeping any profit tax-free!) then upgrade into a new vehicle with a fresh novated lease. You can also pay off the balloon payment to own it outright or explore refinancing.*
*Payments vary depending on your chosen term.
