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Toyota Landcruiser Prado
Compare Savings by Variant
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Rugged Capability that Suits Growing Families
The Toyota LandCruiser Prado is an iconic Australian 4WD that’s built tough for real adventures. Whether your trips are daily family runs or off-road exploration, it proves its mettle with durable engineering, spacious interiors and towing power.
With a Prado novated lease, you can get behind the wheel of this legendary 7-seater SUV without the high upfront cost, while bundling running costs too.
Why choose a Landcruiser Prado on a novated lease?
- Rugged capability: Take on any terrain with confidence and ignite your passion for exploration, thanks to 4x4 drivetrain and off-road tech.
- Towing power: Haul up to 3.5 tonnes with ease, perfect for caravans, trailers and boats.
- Durable and practical: A spacious interior and clever storage options suit families, professionals and adventure seekers.
- Respected reliability: Toyota’s legendary build quality ensures long-term peace of mind.
- Flexible ownership: Novated leasing reduces upfront costs and makes running a premium SUV simpler and more tax-efficient.
How much am I set to save with a Prado lease?
A novated lease allows you to pay for your Prado using pre-tax income, which reduces your taxable income and can lead to significant tax savings. Plus, choose a fully-maintained novated lease and you can bundle insurance, registration, servicing and fuel into a single payment. Talk about easy budgeting.
Run the numbers for yourself with our Prado novated lease calculator, or contact our team to explore how a novated lease could make ownership smarter.
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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
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.
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How much does a Prado cost on a novated lease per week?
Weekly costs vary depending on model, mileage and lease length.
For example, a Prado GX lease over 5 years with 15,000 km/year and 15% business use could start around $373/week. This is based on an annual salary of $100,000.
However, actual costs can depend on dealer discounts, finance rates and whether the lease is fully maintained with insurance and servicing included. For numbers that are more personal to you, contact the team for an obligation-free quote.
Does the Prado qualify for FBT exemptions or EV incentives?
No, since it is a petrol/ diesel. However, even though the Prado isn’t eligible for EV incentives, using it for work can save you money. The more you drive it for business, the more of your lease and running costs are tax-deductible. Fully-maintained leases make this even easier, covering insurance, fuel, registration, and servicing.
For example, a Prado driven 80% for work will have most running costs tax-deductible, while an SUV driven 20% for business will see far less deduction.
Is leasing a Prado better than buying outright?
Yes! A novated lease can save you money if you drive a lot or use your car for work. It reduces your taxable income, spreads costs over the lease term and bundles running costs like fuel, insurance and servicing. Unlike a car loan, there’s no big upfront payment, and fully-maintained Prado leases make budgeting simple while keeping the option to upgrade later.
Can I novate lease a used Prado?
Yes! You can lease a used Prado, which usually means lower weekly payments but all the same benefits—tax savings, insurance, and maintenance. It’s a great way to get a reliable, proven SUV without paying full price for a brand-new model.
Simply find the car you love and let us take care of the rest.
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Save thousands in tax by driving your dream car
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