Novated Lease
As part of our salary sacrificing arrangements you can lease a car and pay your lease and running costs from your pre-tax salary with our Novated lease offering
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee - EF Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date. | Upfront | $500.00 |
| Asset Inspection Fee Applies where we, or one of our agents is required to inspect the Equipment being financed. This fee is payable on or before the settlement date. Note: Sometimes we may require an agent to inspect the goods on our behalf - where this amount differs we will advise you via the Details. | Upfront | $150.00 |
| Legal Fees for Complex Documentation Where we require external Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date | Upfront | Variable |
| Early Termination Fee Applicable when you terminate your Goods Loan, Lease or Hire Purchase early and is charged at an amount equivalent to three monthly payments. We work this out by adding up the total repayments, dividing this by the number of months in the term and multiplying this by 3. | Exit | Variable |
| Break Costs Refer to your Goods Loan, Lease or Hire Purchase Details and the Auto & Equipment Finance General Terms you were provided with for an overview of how this fee is calculated. Break costs are not a fixed amount and are determined by a number of factors specific to your product. |
Features
- Flexible repayment terms are available for the product
- A Finance Lease that is novated to your employer so that they take on the responsibility for paying the rentals while you remain an employee with them.
- With respect to ownership we own the vehicle and you rent it from us.
- Potential tax benefits : Rental payments are tax deductible.
Eligibility
- Business customersYour business has a valid Australian Business Number (ABN) and is registered for GST.
- Business customersYou intend to use the asset mostly for business use.
Constraints
- Minimum limit — $15,000.00
- Minimum term of 1 year and Maximum term of 7 years
More Information
Published by St.George Bank under the Consumer Data Right · Last updated 13 May 2026 · Product ID STGEFNovatedLease · View on CDR.gov.au · View Source Data (JSON)