$3,000 Discount on Novated Lease, $8,000 Extra Discount on Mitsubishi Outlander PHEV @ Novated Lease Australia

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$3,000 Discount on Novated Lease, $8,000 Extra Discount on Mitsubishi Outlander PHEV @ Novated Lease Australia
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kronosxmate on 14/08/2025 - 15:26 novatedleaseaustralia.com.au (401 clicks)
Last edited 14/08/2025 - 15:29 by 1 other user

Skip the buy-now-pay-later mindset on the little things and think bigger. Getting into a new car could be more affordable than you expect.

Take advantage of manufacturer offers, exclusive fleet discounts, and added bonuses. These deals are only here for a short time. Why wait to upgrade?

MY25 Tesla Model Y: $3,000 Novated Lease Incentive
From 1 August 2025 to 30 September 2025, a $3,000 novated lease incentive is available on new Tesla Model Y vehicles.

BYD's 4% Novated Buyer Discount on BYD Sealion 7, Seal, Atto 3, Dolphin
From 1 June 2025 to 30 September 2025, approved fleet management operators receive a 4% discount off the list price on selected BYD models. Dealer delivery and metallic paint charges apply.

Mercedes-Benz EQE300 & EQE350
Now under LCT threshold
From 1 August 2025 to 30 September 2025, the EQE 300 and EQE 350 SUV (2024 production) are available at LCT threshold pricing, exclusive to novated and operating leases via selected partners.

Mercedes-Benz EQA250+ & EQB250+ City Edition From $4,000 Discount
From 4 July 2025, EQA250+ City Edition ($5,100 off) and EQB250+ City Edition ($4,600 off) include three years’ complimentary servicing and qualify for an additional 6% fleet discount.

BMW i4 eDrive35 $3,000 Discount
A $3,000 sales bonus for specific BMW Sub-LCT BEV models (i4 eDrive35, iX1 eDrive20, iX1 xDrive30, iX2 eDrive20, iX2 xDrive30).

Polestar 4 MY25 10% Discount
20% discount on eligible Polestar 4 MY25 variants.

Polestar 3 MY25 20% Discount
20% discount on eligible Polestar 3 MY25 variants.

T&C:
https://www.novatedleaseaustralia.com.au/specials-terms
Offers are subject to availability and may be withdrawn at any time without notice. Unless otherwise stated, discounts are applied to the manufacturer’s list price (RRP) and exclude additional costs such as on-road charges, dealer delivery, metallic paint, accessories, and government taxes.

Offers cannot be combined with any other retail or fleet incentive, rebate, discount, or promotional program unless expressly permitted. All pricing is indicative only and may vary based on location, final vehicle specifications, and the participating dealer’s terms.

Final pricing, availability, and delivery timelines are determined by the participating dealer and may vary according to customer location, stock availability, and vehicle specifications. Novated Lease Australia is not responsible for errors, delays, or changes made by third-party dealers or manufacturers.

Automotive Car Hybrid Vehicle Mitsubishi Novated Lease SUV

Related Stores

Novated Lease Australia
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Comments

  • stockastics on 14/08/2025 - 15:30
    +4

    What is the interest rate?

    • kronosxmate on 14/08/2025 - 15:47

      From prior knowledge, interest rates are case specific.

    • valkeris on 14/08/2025 - 15:56
      +5

      My experience with similar notated leases is the interest rate is about 4-5% higher then high-street secured vehicle loans.
      Unless you have a very good discount through buying with one of these providers, without the FBT relief they just work out more expensive then buying using a normal loan. The tax benefits are not substantial enough to out weigh the increased cost of interest and fees.
      YMMV and I would get professional tax advice before entering one of these agreements and ignore any sales pitch.

      • applejack on 14/08/2025 - 16:08
        +4

        changyang1230 enters the chat …

        • valkeris on 14/08/2025 - 16:21

          Sorry dont get the reference. :)

        • changyang1230 on 14/08/2025 - 20:27
          +4

          LOL thanks for summoning me.

          I also wrote another recent post on the issue of "interest rate" and how it might not be a reliable figure to go by:
          https://www.reddit.com/r/AusFinance/comments/1lhhy4q/how_you…

          In short:
          - Some companies have different methodology of how the "effective interest rate" is derived. This is unlike the case in home loan and other credit products which have to follow very strict rules on how a "comparative rate" is to be presented to the public. NL is less regulated which has in turn allowed some creative accounting.
          - Some other companies add their brokerage into financed amount. Say your car results in a financed amount of 54,000 typically; however company A does not overly add brokerage while company B adds 6,000 into the financed amount which makes it 60,000 financed. Now, when company A tells you their "effective interest rate "is 8%, it might be quite different from what company B means by "8%". Personally I have had one supposed "8% lease" being more expensive than another company's "10% lease", with everything being identical otherwise.

    • koplik8 on 14/08/2025 - 15:58
      +2

      @stockastics they don't like that question lol

      • SetTheFaqUp on 14/08/2025 - 16:13
        +1

        Some government panel lease providers are getting finance north of 10%, caveat emptor.

        • Nom on 14/08/2025 - 17:06
          -2

          So ?

    • Nom on 14/08/2025 - 16:51
      +5

      The interest rate doesn't matter - you need to look at the total amount you're paying for the entire lease including the final residual payment.

      If you buy a 50 grand car over five years, then including rego, insurance, and tyres, you might pay a total of 50K + 4K rego + 7.5K insurance + 1K tyres = 62.5K.
      If you buy the same car with a car loan, so there's interest on top then your total spend might be 71.5K.

      These are the numbers you need to compare your total lease payment to, including the residual at the end.

      If the lease works out at 67K in total then you're ahead of the car loan method, but you're not ahead of the outright purchase.
      If the lease works out at 60K then you are winning.

      The important part is that the lease can be a cheaper deal even with the higher interest rate.

      • FlyerOne on 14/08/2025 - 18:16

        You forgot to add the 20% FBT per year, which on your example is $10K/yr if using salary sacrifice. (I might not be correct)

        • OldSchoolHarry on 14/08/2025 - 19:33

          EVs under LCT are FBT exempt.

          • FlyerOne on 14/08/2025 - 19:45
            +2

            @OldSchoolHarry: Didn't FBT exemption for PHEV's end in April? So FBT would apply to the Outlander as per the title of this deal?

            • Nom on 14/08/2025 - 20:42

              @FlyerOne: Yes.
              But this is already included in your payment.

              In practice, this means if you novated lease a 50K EV then your payment might be $370 every two weeks. And if you novated a Petrol car worth exactly the same 50K then your payment might be $430 every two weeks.

              The lease payment already includes everything.

        • Nom on 14/08/2025 - 20:39

          I did not forget this - it's already covered in your lease payments.
          The actual amount of money that goes missing from your salary each pay day, already includes all of this.

      • stockastics on 14/08/2025 - 22:03

        So the interest rate charged by the novated lease company matters. Lower the rate, more likely you will be ahead vs buying via a loan.

        • Nom on 14/08/2025 - 22:17
          -2

          @stockastics incorrect.

          A novated lease with 10% interest can be cheaper than a novated lease with 8% interest.
          It's not important, because there's lots of other things that decide what your lease payment is, and these other things vary between lease providers.

          To compare against buying via a loan, you simply need to get a quote from your lease company and compare the numbers against the loan option.

  • fredz0r on 14/08/2025 - 15:33
    +2

    Mitsubishi offer is available through most Novated Lease Organisations and only available on Exceed, Exceed Tourer and GSR models.

    • djkelly69 on 14/08/2025 - 19:22

      It is also a PHEV so it is no longer able to get the FBT exemption when doing NL.

      Not sure what this means for the calcs.

    • tunzafun001 on 14/08/2025 - 20:58
      -1

      Mitsi need to be offering closer to $15k, maybe $20k.
      The H6GT PHEV is much better in basically every category, and $20k less.
      I own a Mitsi PHEV. Ordered a H6GT on a lease, but it didnt get delivered before the FBT cutoff. Had to let it go. Didn't make financial sense without the FBT exemption.

      • djkelly69 on 14/08/2025 - 22:05

        Any idea on what the rough difference in payments was for a lease on an FBT exempt and non-FBT exempt PHEV? I am 2 years into a 5 year lease for a PHEV and just changed employer, so trying to work out the best option in terms of re-novating, selling, etc.

        Trying to discuss it with the new leasing company and am not even sure they understand what I am asking…

        • tunzafun001 on 14/08/2025 - 23:21
          +1

          Basically 47% FBT rate on 20% of the lease value.

          Changing employer means you will lose the FBT exemption. Makes no sense..but that's the gov for you.

          This link is pretty good. Note the ECM section shows you how to avoid FBT, but remember it's post tax, so you are still paying your normal rate of tax, just not the 47% FBT.

          https://www.money.com.au/car-loans/novated-lease/fbt-explain…

  • Jessie Ryder on 14/08/2025 - 16:04
    +1

    Interest rate alsotoo high as with included items that are packaged up

  • SetTheFaqUp on 14/08/2025 - 16:12

    So what is the deal? No deal unless interest rate is in the vicinity of 7%.

    • Nom on 14/08/2025 - 17:05
      -1

      The interest rate can be way higher than 7% and the lease can still work out to be a good deal - see above.

  • yht on 14/08/2025 - 16:27
    +1

    Anyone can explain how it will benefit the buyer or leasor ? I meant even if we have reduced income tax and fbt tax, at the end of the terms, we either have to pay the residual amount or give back the car to be sold and if the sold price is lower, then we have to pay the difference.
    Comparing if we buy the car in full, no interest whatsoever, but at the end of same terms, we still have the car which we can sell with higher price.
    Unless of course you are buying via car loan.

    • z28 on 14/08/2025 - 16:53
      +1

      Anyone can explain how it will benefit the buyer or leasor ?

      Simple example: car is worth $30K, pre GST. You lease the car for 1 year. The company has to put up $30K (plus fee and whatever) to get the car for you. You pay your lease to have the car. After 1 year, you paid $10K, so you still owe $20K (residual amount), which you'll pay to keep the car or the company will auction it and you get the extra or make up the difference depending on the auction price.

      Benefit: GST free for the first $10K, some of the lease you paid is pre-tax (for EV all is pre-tax), but be mindful of FBT

      Strictly speaking, there is no interest in novate lease, you need $33K for $30K car (due to fee and charges, not operation like tyre, fuel …) so equivalent simple interest rate is 10% ($3K on $30K) for 1 year, for 2 year it would be 5% if $3K of fees and charge stay the same (but normally it should be more for 2 year admin …).

      • yht on 14/08/2025 - 17:14

        Still not enough benefit to entice me to lease

        • z28 on 14/08/2025 - 17:21

          Everyone is different. It is more advantageous when I novated my EV due to $3.5K rebate from the government, no FBT plus my marginal tax rate, all that gave me around $5K ahead for a(round) $30K MG4.

        • Nom on 14/08/2025 - 20:48
          -1

          @yht What do you mean "not enough benefit" ?

          The benefit is that the lease can be cheaper.

          If your total cost to buy and run a 50K car over five years, is $71K, and instead you can do the novated lease for $66K (including the residual payment at the end) then you've just saved five thousand dollars.

          Obviously you should only consider this path if you're already planning to buy the 50 grand car….

  • edrift on 14/08/2025 - 16:57
    +1

    Dumb it down for me.

    If I had the cash to buy the car outright, would buying it via a novated lease ever be cheaper?

    I asked chat gpt and it told me that outright would be cheaper

    • yht on 14/08/2025 - 17:13

      Agreed

    • z28 on 14/08/2025 - 17:15

      It depends: income, EV or not, lease term …

      To buy a $30K car pre GST, I use EV here for simplification, you will need:

      Case 1 - Paid outright - car price: $33K (after GST), marginal rate of your income: 32%, which means you need $48.5K pre-tax

      Case 2 - Novate 1 year: car price $33K (no GST but admin charge), I did some quick calculation: you paid 34.37% of the car pretax or $10311, still owe $22689. Paid it out ($24958, with GST), you need: $36703 pretax. Altogether: $47014 pretax.

    • Nom on 14/08/2025 - 20:50
      +1

      If I had the cash to buy the car outright, would buying it via a novated lease ever be cheaper?

      @edrift if it is an EV, yes, leasing is usually cheaper.

      Get a quote from your lease provider and post it here and we can go through if it's a good or a bad idea.

    • changyang1230 on 14/08/2025 - 21:08
      +1

      Use this calculator to work it out:

      https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu

      And read about all the potential caveats even if the numbers are in your favour:

      https://www.reddit.com/r/AusHENRY/comments/1i4zrzr/comment/m…

      Lastly, various ways NL companies could be conning you:

      https://www.reddit.com/r/AusFinance/comments/1lhhy4q/how_you…

      • edrift on 14/08/2025 - 21:18

        Thanks that's great. I'll take a look.

        I forgot about the loss in super contributions too. Had experienced this aside effect when salary packaging a laptop many years ago.

        Also I agree that it'll be a massive pita if I ever change jobs mid lease. I think this is largely why I dodged it in the past.

        • Nom on 14/08/2025 - 21:25
          -1

          The loss of super is not a given - many employers will keep contributing at the usual level. You'll need to find out how it works with your employer specifically.

          • changyang1230 on 14/08/2025 - 22:39

            @Nom: Yeah it's only a small minority impacted. Definitely worth checking with payroll for sure as it's quite a few K if your employer chooses to calculate the SG amount based on post-NL income.

        • z28 on 14/08/2025 - 22:20

          I didn't lose any super. The $20K I didn't spend (paying outright) is in my HISA making more money.

          • edrift on 15/08/2025 - 07:42

            @z28: I don't understand your comment.
            With a lease you pay relatively high interest rates right?
            Even if you saved on an upfront payment, I assume you wouldn't earn anywhere near as much interest back in a high interest savings account after tax?

            • z28 on 15/08/2025 - 11:08

              @edrift: I have the cash to pay for it outright but opted for NL. The equivalent interest rate for mine was just above 7%; the pretax lease payment was too good to forego so I kept the money, which would have been spent by paying cash, in my HISA (earning 5% but 2-3% net, this is a side bonus for not spending the money). Also the WA government rebate was very generous, I ended up with 2 NL of 1-year term each (Atto 3 and MG4).

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