Estimate your novated lease savings today
Unlock tax savings through our partnership with Employment Hero
Get a $250 gift card if you take out a novated lease by 30 June 2026.
Novated leasing, powered by Flare
A novated lease allows you to bundle and pay the key costs of owning and running a car—like servicing, tyres, and fuel—using your pre- and post-tax income and could help you save thousands every year when compared to a car loan. Employment Hero, together with Flare, is ready to help you make that happen.
Dedicated service
We’ll find the car you want, so you don’t have to
Convenient, bundled expenses
Drive your way to better vehicle management
Tax benefits and savings
Unlock savings up front and on the go
Novated leasing through Flare & Employment Hero
See how you could save
Considering a car loan? Here’s how a novated lease could help you save when purchasing an EV or a non-EV (fuel, hybrid, plug-in hybrid vehicle) of the same value.
Car Loan
Non-EV Lease
EV Lease
Vehicle driveaway price
This example uses a car with a list price of $71,470, inclusive of GST.
$71,470
$71,470
$71,470
Upfront savings
With a lease, no GST* is paid on the cost of the vehicle up to the maximum GST-claimable amount. In this example, the GST savings are $6,155.
$0
$6,155
$6,155
Monthly costs
This amount refers to the finance and total running costs. The novated lease payment is lower due to no upfront GST payable on the lease and running cost amounts.
$1,544
$1,463
$1,463
Ongoing savings
With a lease, there are savings on income tax and GST. These savings are higher for leases that are FBT-exempt as deductions are pre-tax only.
$0
$187
$614
Impact to monthly pay
This is the amount by which take-home pay is reduced. The difference between a novated lease and a car loan is as shown in the table.
$1,544
$1,422
$995
Residual Value
The residual value is based on ATO depreciation guidelines for a novated lease and will need to be paid to the financier or refinanced for an extended term.
$20,211
$20,211
$20,211
Total net cost over five years
With a lease, there are savings on income tax and GST. These savings are higher for leases that are FBT-exempt as deductions are pre-tax only.
$92,641
$85,343
$59,689
Net savings over five years
This shows the total potential savings (the difference in costs) with a novated lease when compared to a car loan.
$0
$7,298
$32,952
*Costs are estimates only based on Gross Annual Salary of $85K, 60-month lease, 15,000km p.a., vehicle purchased in NSW with potential discounts, typical running cost inclusions and tax considerations. Information provided is general in nature. We have not taken into account your personal circumstances or financial objectives. Your actual savings are dependent on your personal circumstances, and tax exemptions are subject to eligibility. We recommend seeking independent legal, financial or other professional advice before making any decisions related to this information. Car loan calculation along with the Novated lease calculations factor in a 7.29% interest rate.
Estimate your savings
Employment Hero novated lease specials
EV
Toyota LandCruiser Prado Kakadu
$510^ Per week
$26,736.00 Tax savings
- 8 SP Automatic
- Diesel, Turbo
Got questions?
We’ve got answers
What is a novated lease?
Novated leasing is a salary packaging benefit for financing a new or used car through your employer. If you’re eligible, a novated lease could save you thousands every year by reducing your taxable income when compared with buying and running a car outright.
How can a novated lease help me save money?
With a novated lease, certain costs are covered with the pre-tax component of your salary package which can lower your overall tax burden. There are also GST savings on the price of a new or used vehicle—up to the luxury car limit—and on most of your running costs, too. That’s potentially thousands of dollars in savings for you over the life of a lease compared to buying and running a car outright.
What costs can I claim as part of a novated lease?
A novated lease lets you cover certain running costs like fuel or EV charging fees, servicing and maintenance, tyres, registration, and insurance (comprehensive and CTP). This also includes a set number of car washes per year.
What costs can’t I claim as part of a novated lease?
After-market accessories, upgrades and improvements, or those applied after delivery cannot be claimed as part of your novated lease. Any upgrades or changes you wish to claim must be related to wear and tear or fitted prior to delivery and included on your vehicle invoice.
Get started
Contact the Flare Cars team
Terms and conditions
- Eligibility and Offer
1.1 This promotion is available to individuals who:
(a) submit a valid lead through the designated Employment Hero partner landing page made available by Flare. A valid lead is defined as per 1.1 (b) and 1.2 sections below;
(c) order a new or used vehicle under a novated lease arranged by Flare; and
(d) are employed by an organisation that utilises Employment Hero as its HR platform at the time the vehicle is ordered under the novated lease.
1.2 Eligible novated leases must be for new or used passenger vehicles only. Fleet vehicles, refinancing of existing leases, extensions, or lease transfers are not eligible unless otherwise approved by Flare in writing.
1.3 Subject to compliance with these Terms & Conditions, eligible participants will receive one (1) Gift Card valued at AUD $250 per vehicle ordered. - Promotion Requirements and Timing
2.1 To qualify for this promotion, participants must:
(a) submit a lead via one of the official Employment Hero partner landing pages designated for employees or employers; and
(b) have ordered a new or used vehicle under a novated lease arranged through Flare on or before 30 June 2026.
2.2 To be eligible, the vehicle must be ordered under a novated lease through Flare on or before 30 June 2026, and the novated lease must be fully approved in connection with that order.
2.3 Gift Cards will be delivered to eligible participants via email and issued by Prezzee (or such other gift card provider as Flare may determine from time to time) within six (6) weeks after the promotion end date, being 30 June 2026, provided all eligibility criteria have been satisfied
2.4 Only one (1) Gift Card will be issued per eligible novated lease and per individual participant.
2.5 This promotion may not be combined with any other offer unless expressly stated by Flare.
2.6 Flare reserves the right to verify eligibility and to withhold or refuse the Gift Card where it reasonably determines that the participant does not meet the eligibility criteria or has breached these Terms & Conditions. - Definitions
For the purposes of these Terms & Conditions:
Gift Card means a digital gift card with a face value of AUD $250 issued in accordance with this promotion.
Flare, we, us or our means collectively:
Flare HR Pty Ltd (ABN 46 607 120 892) of Level 2, 309 Kent Street, Sydney, NSW 2000;
Spark Leasing Pty Ltd (ABN 65 647 814 659) of Level 2, 309 Kent Street, Sydney, NSW 2000; and MYOB Australia Pty Ltd (ABN 13 086 760 198) of Level 3, 168 Cremorne Street, Cremorne, VIC 3121.
Information provided is general in nature. We have not taken into account your personal circumstances or financial objectives. We recommend seeking independent legal, financial or other professional advice before making any decisions related to this information.