Toyota RAV4 Novated Lease

Save thousands on a Toyota RAV4 with a novated lease.

Let’s find out how much you can save​

$
$
KM
years
$200.00 Weekly Cost To You
$2,000.00 Annual Savings
$7,000.00 + Total lease savings

The beside pricing is indicative only. To obtain a quote specific to your circumstances, hit the button to fine tune your quote.

Benefits of a novated lease for a Toyota RAV4

Save thousands in tax every year with salary packaging.

We manage all of your vehicle expenses, so you don’t have to.

Huge EV savings with with Gov Electric Car Discount incentive.

100% Australia owned and operated with a friendly team.

Toyota RAV4 novated lease costs

CarDrive-away PriceGST SavingsWeekly Novated Lease CostTotal Lease Savings
Toyota RAV4 GX$44,382.00 $3,810.00 $242.10 $14,404.00
Toyota RAV4 GXL$48,083.00 $4,136.50 $256.12 $14,407.00
Toyota RAV4 XSE$54,618.00 $4,443.00 $269.07 $14,693.00
Toyota RAV4 Cruiser$54,618.00 $4,443.00 $269.07 $14,693.00
Toyota RAV4 Edge$61,540.00 $5,301.82 $311.07 $15,413.00

Note: The Toyota RAV4 price estimates are as at April 2024. Costs are based on a VIC driver with an annual salary of $120,000 and 10,000km driven annually over a 5 year lease.

Claim your Toyota RAV4 running costs

Novated leasing lets you bundle not only your lease payments but all your car’s running costs into one tidy, pre-tax package.

With a Toyota RAV4 novated lease, you can bundle the following expenses: 

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Let’s find out how much you can save​

$
$
KM
years
$200.00 Weekly Cost To You
$2,000.00 Annual Savings
$7,000.00 + Savings over the life of the lease

The beside pricing is indicative only. To obtain a quote specific to your circumstances, hit the button to fine tune your quote.

Novated Lease FAQs

What is the downside of a novated lease?

If your employment situation changes, i.e. if you change jobs or your company restructures, you are still responsible for continuing to make lease repayments on your car. However, this has an easy fix. 

If you leave your employer for any reason, your lease agreement (the deed of novation) will terminate immediately. The options available to you include: 

  1. Transferring your novated lease to a new employer
  2. Continuing your monthly lease payments yourself (an un-novated lease)
  3. Paying out the remaining amount of the lease (including the residual value) and keeping or selling the car

No matter which option you choose, the Clear Lease team can help guide you through the process. 

The other downside of a novated lease is if you exceed the kilometer driven limits set out in your novation agreement, you may incur additional costs. It’s important to carefully consider your financial situation and future plans to make sure the budget in your agreement reflects your driving habits. 

Does a novated lease actually save you money?

Yes, a novated lease can definitely save you money. This is because you’re using pre-tax income to pay for your lease repayments and vehicle running costs. This reduces your taxable income, lowering the amount of income tax you need to pay. 

A novated lease can also help you save on GST on the car’s purchase price, plus on running costs which compounds over time. 

It’s important to note that individual savings will vary. To get an indication of how much you can save, use your novated leasing calculator.

Who benefits from a novated lease?

You, as an employee, can benefit from a novated lease with tax savings, convenience, flexible car choices, no hidden costs, and more. 

Your employer also benefits from a novated lease agreement, as it’s an attractive employee benefit to retain and engage staff. It also allows your employer to reduce their payroll tax. 

Read more about the benefits of novated leasing for employers.

Does a novated lease reduce your taxable income?

Yes, a novated lease can reduce your taxable income. This is because your lease payments and car running costs are deducted from your pre-tax salary, lowering your taxable income and the amount of tax you have to pay to the ATO.

How much tax can I save on a novated lease?

The amount you will save on a novated lease will vary, based on your specific circumstances, such as your income and the vehicle’s cost. To get an indication of how much you can save, use your novated leasing calculator. 

Due to the FBT exemptions available as of March 2024, you can save up to 45% on running costs for electric or plug-in hybrid vehicles. You can read more about the benefits for EV novated leasing here.