Drive your salary further with a Škoda Novated Lease
Make the most of your salary through a Novated Lease with Škoda Financial Services.
A Novated Lease26 is a three-way agreement between you, your employer and Škoda Financial Services that allows you to pay for your car from your pre-tax income – which could save you money. With the option to bundle all your major running costs into the same easy payment as your car, including registration, compulsory third party insurance (CTP), comprehensive insurance, charging/fuel and maintenance, enjoying a car has never been easier.
Explore the potential benefits
Pay less tax
> Reduce your income tax by paying for your new Škoda through pre-tax salary
Save on GST
> Save GST on the car finance
Flexible terms
> Flexible finance terms of up to 5 years
Bundle all running costs
> Budgeting made easy with the option to bundle all your running costs into one payment, automatically deducted from your salary by your employer each pay cycle
How your Novated Lease works with Škoda
Step 1
Select your car
Choose from a New or Used Škoda (car must be less than 8 years old at the end of the lease).
Step 2
Check your eligibility
Check with your employer to see if you’re eligible for a Škoda novated lease.
Step 3
Submit an application
Submit a credit application through your local Škoda Dealership.
Step 4
Sign your agreement
Sign the lease agreement – your employer will also need to sign.
Step 5
Pick up your car
You can then collect your Škoda from the dealership.
Step 6
Enjoy your Škoda!
With all major running costs bundled, there’s less to worry about and more exploring to enjoy.
Changing roles?
Simply take your Škoda with you and continue to make the repayments directly or transfer your novation agreement to your new employer. If you or your new employer choose not to have the novation agreement transferred, the finance payments will need to be made from your post-tax salary and you will not have the option to bundle running costs into your payment.
Next steps
If you are unsure whether a novated lease is right for you, please speak to your accountant or financial adviser. Škoda Financial Services Australia Pty Limited (ABN 20 097 071 460), Australian Credit Licence Number 389344
Simply Clever Finance Brochure
Interested in Novated Leasing?
Disclaimers
Škoda Financial Services (SFS) ABN 20 097 071 460, Australian Credit Licence 389344. View the Target Market Determination for our Financial Services products here.
26Only available when you enter a novated lease with Škoda Financial Services (ABN 20 097 071 460), Australian Credit Licence Number 389344 (SFS) which is administered by Oly ABN 69 674 252 629. Oly may receive a commission from SFS in connection with a novated lease.
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