FAQ
A novated lease is a simple salary packaging arrangement where your car and its running costs are paid using your pre-tax salary. It's set up between you, your employer, and a finance provider — helping you save on tax and enjoy hassle-free car ownership.
A novated lease may help you package eligible vehicle costs through payroll, potentially reducing taxable income and improving the way GST is treated on the vehicle and selected running costs. For some employees, this can mean meaningful savings compared with traditional car ownership.
Lease payments, fuel, rego, servicing, tyres and insurance— all bundled into one fixed payment. We take care of the admin so you can just drive.
Absolutely. As long as the car is under 15-20 years old at the end of the lease term, you can lease a used car and even one you already own through a “sale and leaseback” arrangement.
At the end of your lease, a residual (final payment) remains. It’s set by ATO guidelines and often below market value — giving you flexibility and potential upside.
No hard limits. We’ll ask how much you plan to drive to build your budget, and you can adjust later if your needs change.
Easy — your lease can transfer to your new employer, or you can continue it privately until you're set up again. We’re here to help every step of the way.
Nope! Novated leasing is designed for personal use — no business travel required. You’re free to use your car however you like. Business use can increase the tax saving but is not a requirement for a novated lease.
From first quote to car delivery, our fastest leases have been ready within 2 weeks but always account for extra time due to the car being available to pick up. We’ll guide you (and your employer) through every step to make it as fast as possible.
No – offering novated leasing is completely cost-neutral for your business. There are no setup fees, no ongoing admin costs, and no financial risk to you. It’s a value-add benefit for your team, without any added expense.
It’s simple. We guide you through the process, help you sign a short novation agreement, and provide payroll instructions. From there, deductions run automatically each pay cycle. We handle employee support and reporting – you stay focused on business.
Not at all. Once payroll is set up, admin is minimal. ZenLease takes care of the employee onboarding, support, lease management, and reporting. We’re here to make it easy, not add more to your plate.
No – there’s no exclusivity or lock-in. You’re free to use ZenLease as a provider with zero obligation to stay tied to us. We back our service and support to keep us your first choice.
If an employee leaves, they simply take over the lease payments themselves or transfer it to their new employer. You’re not financially responsible for their vehicle – we’ll help with the transition if needed.