Leaselab benefits for FMD Financial team members!
Welcome to the FMD Financial x Leaselab page! Your one-stop-shop for everything novated leasing.
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.
Example Cost Comparison
Cost comparison on a Tesla Model Y
$65,000 Drive Away Price
$80k Salary
15,000 km/year
NSW
5-Year Term
Cost of car
Weekly Cost, including VehicleRunning Costs
Vehicle & Running Costs over 5years (including any residual orballoon payment)
LeaseLab
$59,398
$5,602 GST Saving
$223
$77,825
Cash
$65,000
$0 GST Saving
$383
$99,622
Car Loan
$65,000
$0 GST Saving
$436
$113,402
*Novated figures are based on an FBT exempt electric vehicle.
*Car loan figures are based on interest payable at 7.99%.
*Cash figures take into account potential interest lost, if funds were kept in an interest bearing account calculation at 3.75% on initial opening balance of $65,000
Cost comparison on a Kia Sportage
$35,000 Drive Away Price
$80k Salary
15,000 km/year
NSW
5-Year Term
Cost of car
Weekly Cost, including VehicleRunning Costs
Vehicle & Running Costs over 5years (including any residual orballoon payment)
LeaseLab
$32,020
$2,980 GST Saving
$223
$51,320
Cash
$35,000
$0 GST Saving
$124
$54,285
Car Loan
$35,000
$0 GST Saving
$349
$54,513
*Car loan figures are based on interest payable at 7.99%. *Cash figures take into account potential interest lost, if funds were kept in an interest bearing account calculation at 3.75% on initial opening balance of $35,000
Cost comparison on a Ford Ranger
$70,000 Drive Away Price
$80k Salary
15,000 km/year
NSW
5-Year Term
Cost of car
Weekly Cost, including VehicleRunning Costs
Vehicle & Running Costs over 5years (including any residual orballoon payment)
LeaseLab
$63,969
$6,031 GST Saving
$297
$97,102
Cash
$70,000
$0 GST Saving
$196
$120,965
Car Loan
$70,000
$0 GST Saving
$467
$121,517
*Cost comparison on a business ute with business use. Novated figures are based on 80% business use. *Car loan figures are based on interest payable at 7.99%. *Cash figures take into account potential interest lost, if funds were kept in an interest bearing account calculation at 3.75% on initial opening balance of $70,000.
Your car, your choice of options
Customise your vehicle with accessories, protection and technology that enhance comfort, convenience and confidence on the road.
Tow bar or bullbar
Add practical dealer accessories to better suit the way you drive and where you go.
Ceramic Window Film
100% metal-free technology. Blocks 99% of UV rays, dramatically reduces cabin heat, and provides outstanding glare reduction and privacy.
SmartVu 4K Dash Cam
Capture every drive in Ultra-HD clarity. Provides crucial evidence in an accident, features smart park mode, and connects via Wi-Fi.
ECO+ Surface Care
Sustainable, once-off protection. Graphene-infused exterior coating eliminates waxing, while water-based interior treatment repels spills and stains.
MDR (Minor Damage Repair)
Enjoy the confidence of knowing that everyday scratches, dents, and scuffs can be repaired at your convenience.
End of Lease – Simple Options,Seamless Support
When your lease ends,you can choose to:
Upgrade your car and sell your current one. Anyequity in the vehicle isyours to keep – tax-free.
Refinance the remaining amount and keep your current car
Pay out the residual and own your car outright
Make selling easy with the TradeLab App
After a few simple steps, your car is listed toour network of dealers who bid to get youthe best price
About Leaselab
We’re here to make novated leasing mainstream, getting Aussies into their dream cars while putting money back into their pockets.
Our mission is to help Australians get more from the money they work hard to earn. By turning complex employee benefits into simple, powerful financial advantages for both employees and employers, we unlock value that would otherwise be left on the table.
The work we do is underpinned by a simple vision to make novated leasing accessible to more Australians, empowering drivers with the knowledge they need to make informed decisions that ultimately enhance their financial well-being.
Calculate Your Savings
Get into a novated lease in five simple steps
A clear, easy process that helps you choose your car, understand your savings, organise the paperwork and get on the road sooner.
Save thousands in tax by driving your dream car
