Whether you are thinking about a compact vehicle or the safety-focused XC60, a Volvo novated lease can be the perfect solution for getting behind the wheel.
By entering into a salary sacrifice arrangement, your vehicle is funded using a pre-tax salary deduction, which means you may reduce your taxable income and potentially save thousands.
Compare your estimated monthly payments in seconds. Our Volvo calculation tool helps you see the advantage of a lease compared to a standard finance option.
Novated Leasing not only gives you a brand new car at a fantastic purchase price, but it also allows you to include many of the running costs in your pre-tax income.
A novated lease is a three-way finance agreement between you, your employer, and our team at the financier.
Instead of using your after-tax income to pay for your car, your employer manages the repayments and running costs directly from your pre-tax salary. This tax advantage may help drivers to purchase a brand-new car while potentially accessing benefits such as GST savings on the purchase price and eligible running costs.
Explore the range available for a Volvo novated lease for new or used vehicles (subject to age limits). We can assist with sourcing eligible vehicles, including petrol, hybrid, or electric options.
From $245/week
Sleek, all-electric SUV offering a 500km range, modern technology, and elite safety for all passengers.
Volvo is a brand committed to safety and sustainable technology, making it a popular choice for Australian drivers.
When you choose Volvo, you can benefit from:
Select the model from the Volvo range that suits your lifestyle and budget.
We assist with the finance application, credit approval, and lease documentation.
Your employer signs the agreement, and payments begin from your pre-tax salary.
Many Australian employees are choosing a Volvo novated lease to help manage tax more efficiently.
Our team is here to help you bundle your insurance, servicing, and tyres into one affordable payment. While this information provides a general overview, it is subject to your personal finance situation, and it is not a substitute for professional financial or legal advice. Contact us today to see how a Volvo novated lease arrangement can potentially save you money.
A novated lease is a three-way finance method where an employee leases a vehicle, and the employer takes over the payment obligations from the employee’s salary via salary packaging.
This means your employer pays a portion of your ongoing car running costs, including insurance, rego, and servicing, using your pre-tax salary. Salary Packaging Australia’s novated leases operate under an Australian Credit Licence. All finance is subject to approved applicants and credit assessment criteria.
Yes! Because of their high reliability, strong resale value, and advanced safety technology, Volvo models are among the most popular choices for drivers in Australia. Furthermore, the Volvo range includes several eligible vehicles (like the XC40 Recharge) that may qualify for the Government’s FBT exemption for electric vehicles. This advantage may reduce your taxable income and potentially improve your overall tax savings compared to a standard car loan.
Interest rates and monthly payments vary depending on your personal finance profile, the flexible loan term you choose, and the specific Volvo model. We provide a tailored quote so you can see your exact repayments upfront. Unlike a standard car loan, a novated lease may have a fixed interest rate for the lease term, depending on the finance structure.
During the lease term, the finance company holds a security interest in the vehicle, but you have exclusive personal use of the car. At the end of the agreement, you have the choice to purchase the car by paying the residual value, extend the lease for a further year, or trade it in for a new Volvo model.
With a standard car loan, you pay for the vehicle and all running costs (like fuel, insurance, and tyres) using money that has already been taxed. With a Volvo novated arrangement, your employer pays these fees before tax is taken out. This means you reduce your taxable income, which can result in higher tax savings. Additionally, you save on the GST for both the purchase price and the servicing of the car.
If an employee leaves their current job, the lease may become de-novated. The paperwork and payment obligations can usually be transferred to your new employer, allowing you to continue accessing the tax benefits. If your new employer does not offer salary packaging, the lease can be maintained as a personal obligation.
* This calculator contains general information and does not necessarily take all of your personal circumstances into account. Salary Packaging Australia encourages you to seek professional, independent tax or financial advice and to consider whether this information is right for you before making a decision. The availability of any packaging benefit is subject to your employer’s approval and compliance with the Australian Income Tax Assessment Act (1997). The Australian Taxation Office can provide advice on compliance.
All benefit examples based on a 60-months term driving 15,000 km per annum on a $85,000 annual salary. Prices excluding GST under novated lease and images are for display purposes only. Vehicles subject to availability. Pricing is based upon supply of motor vehicle in South-east QLD. Vehicle pricing may be subject to change without notice. Pricing may vary depending on the exact location and State of purchase and are based on PAYG income tax rates as at 01/07/2026.
The salary packaging of motor vehicles works for you by substituting a taxable benefit with a non-taxable benefit. The above cost figures represent the estimated impact on your take home pay taking into account those tax benefits based on the assumptions outlined. You should obtain independent financial advice taking into account your personal circumstances before you rely on these figures. Salary Packaging Australia Pty Ltd ABN 53 009 643 485.
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