OzFiniq is an independent novated lease and salary packaging broker — not a salary packaging administrator. Compare a lease against buying it yourself, see the real tax saving on your salary, and check every figure yourself before you commit to anything.
Price the car and the lease first, then see what it actually saves you on your salary — the numbers carry across automatically.
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Answers only from what's covered on this site.
A three-way arrangement between you, your employer and a financier. You choose the car, the financier owns it for the term of the lease, and your employer takes on the lease payments, deducting them from your pay before tax is applied.
Yes, it's voluntary on the employer's part, and most medium-to-large employers already have an arrangement in place. If yours doesn't, we can approach them directly — setting it up usually costs the employer nothing.
Generally yes, provided it will be no more than around 12 years old by the end of the lease term and passes a roadworthy check.
No. The financier holds ownership for the term of the lease. You get full use of the car, and can choose to pay out the residual and take ownership at the end.
Three options: pay out the residual (balloon) value and keep the car, refinance the residual into a new lease, or hand the car back.
The lease can usually be transferred across to your new employer. If they don't already offer novated leasing, we can help get it set up, or arrange an alternative in the meantime.
Typically anywhere from one year up to five.
Salary packaging is the broader mechanism of bundling approved benefits into your pay before tax. A novated lease is one specific benefit you can package this way.
Fringe Benefits Tax is a tax your employer is liable for on non-cash benefits provided to you. In most novated leases, a post-tax contribution from you (the Employee Contribution Method) offsets this so no FBT ends up payable.
A set post-tax amount you contribute toward the lease, sized to bring the taxable value of the car benefit down to nil — see the FBT calculator for the exact figure on your car.
Generally no — for most health and not-for-profit employees, a novated lease sits separately to, and on top of, your standard packaging cap.
Yes — eligible EVs first held and used from 1 July 2022 can be FBT-exempt, provided the vehicle is priced under the fuel-efficient luxury car threshold.
Typically fuel or charging, comprehensive insurance, registration and CTP, servicing and maintenance, tyres, and roadside assistance.
Often yes, through what's called a self-managed novated lease: you arrange your vehicle and finance through us, while your employer's existing provider continues to handle the payroll deductions and FBT administration. There's no single law that forces exclusivity — it comes down to your employer's own policy or procurement contract.
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[Business name] Pty Ltd (ABN [xx xxx xxx xxx]) is a credit representative (Credit Representative Number [xxxxxx]) of [Aggregator / ACL holder name] (Australian Credit Licence [xxxxxx]). We arrange credit as a broker — we are not the lender, and any finance we arrange is subject to the credit provider's own approval.
We're generally paid a commission by the financier when a loan or lease settles, and this may vary between lenders on our panel. We'll tell you the amount, in dollars, before you commit to any finance.
We compare products from [list of panel lenders] and will tell you which lenders we did and didn't consider for your quote.
We collect what you enter into the calculators and enquiry form to prepare a quote and get in touch. We don't sell it.
Contact us directly first at [complaints email/phone]. If you're not satisfied with our response, you can take it to the Australian Financial Complaints Authority (AFCA) free of charge, once our AFCA membership is in place.
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