Self-Managed Novated Lease with Leaselab
Bring Your Own Finance.
Maximise Your Benefits.
A novated lease is one of the smartest ways to get a car in Australia. But if your employer has a preferred salary packaging partner, you might feel as though your choices are limited.
Good news – there’s another option.
It’s called a self-managed novated lease (or sometimes a “BYO novated lease”), and it’s something we specialise in here at Leaselab. A self-managed novated lease lets you shop around for competitive pricing (with our help!), while your employer’s provider still manages the lease deductions and administration. You save money, your employer avoids being locked into one provider, and the whole process stays simple.
What is a Self-Managed Novated Lease?
A self-managed novated lease lets you find your own finance instead of being restricted to your employer’s packaging partner.
Here’s how it works:
- Leaselab helps you arrange competitive finance
- You still use your employer’s salary packaging partner for payroll deductions
- Your employer’s provider continues to manage the lease, so the process stays simple and familiar
You still enjoy all the standard novated lease benefits: pre-tax salary packaging, GST savings, and EV FBT exemptions. The difference is that you’re not stuck with one provider’s finance products.
Why Choose a Self-Managed Lease?
The main advantage is choice, which translates to paying less. By shopping around, you can save thousands over the life of your lease.
Key benefits include:
- Lower costs – access competitive pricing beyond what your employer’s partner offers
- Competition – keep big providers honest by allowing alternatives
- No extra burden for employers – all deductions are still managed through their existing provider
- Transparency – you can see the value of your finance deal compared to bundled options
- Same tax benefits – salary packaging, GST savings, and EV exemptions still apply.
How Does It Work?
A self-managed novated lease might sound complicated, but Leaselab makes it straightforward:
- Choose your car – new, used, hybrid, or EV
- Find finance – we help you shop around for the best deal
- Organise your account – you’ll need to coordinate with your employer’s provider to set up the lease
- Payroll deductions continue as usual – your employer isn’t burdened with extra admin
Enjoy the savings – with all the tax perks of a novated lease.
Self-Managed vs
Fully Managed
Here’s a side-by-side look, plus an example to show how the savings can stack up in a real-world scenario.
Self-Managed Novated Lease
Fully Managed Novated Lease
Finance Options
You shop around for the best deal (with Leaselab’s support)
Bundled with employer’s provider
Provider’s Role
Employer’s provider manages deductions
Employer’s provider manages finance and deductions
Costs
Often lower (thanks to competitive finance)
Can be higher due to limited options
Tax Benefits
Same as fully managed
Same as fully managed
Employer Impact
Minimal – still handled by their provider
Minimal – still handled by their provider
Why Choose Leaselab?
At Leaselab, we specialise in making novated leasing transparent and flexible. With us, you get:
- Help sourcing competitive finance
- Handled by your employer’s provider so there’s no headaches for you or your HR team
- Transparent costs and clear savings
- Flexibility to choose what’s best for you, not just what your employer’s partner offers
FAQs About Self-Managed Novated Leases
Do I still get the same tax benefits?
Yes. Salary packaging, GST savings, and EV FBT exemptions apply as usual.
Does this create extra admin for my employer?
No. Your employer’s provider still manages the deductions.
Why wouldn’t I just go with the employer’s provider?
Convenience is the main reason to do this but it often comes at a cost. A self-managed lease lets you compare and save (potentially) thousands over the life of your lease.
Can I do this if my employer has a strict provider arrangement?
In most cases, you can. Employers will typically accept self-managed novated leases because it still runs through their provider. However, you should check your company policy.
What if I change jobs?
The lease can transfer to your new employer (if they allow novated leases), just like a standard lease.
Your Next Steps
Want to see whether a self-managed novated lease makes sense for your situation?
If you value saving money and having more choice, without adding hassle for your employer, a self-managed novated lease with Leaselab could be the smartest way to package your next car. Need more advice? Get in touch with our team for a chat.
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