Unlock Potential
Savings with an
Oly Novated
Lease
Introducing you to Oly - the straightforward and easy to understand solution to getting the car you want
Oly started with a simple goal: to make novated leasing simple and accessible to more people. No longer a benefit available just for employees of large corporations, government and institutions, Oly seeks to make novated leasing available to employees of small and medium sized businesses.
Backed by one of Australia’s largest and most trusted novated leasing providers McMillan Shakespeare (MMS), so you get the full support of an experienced leasing expert with market leading expertise and technology in the field. Oly unlocks the world of novated leasing, giving more Australian’s the opportunity to save tax on their dream car.
Ready to drive smarter? Get in touch with Oly and see how easy it could be to manage running costs.
What is Novated Leasing?
A novated lease is another way to finance a new car, that could save you thousands of dollars on tax. With standard car financing, payments only cover the car. But with a novated lease, car payments and the driving costs - such as petrol or charging, registration, insurance, servicing and tyres - can be bundled into one regular payment straight from your pay.
By taking some of that payment out of your before-tax salary, this could help to reduce your taxable income and possibly even save thousands in taxes every year. And, if you’re considering an electric car, you could benefit from additional savings, thanks to the government EV Discount.
When you take out a novated lease for an eligible EV (i.e. EVs valued under the luxury car tax threshold, first held and used after 1 July 2022) you can pay for your electric car lease entirely with your before-tax salary.
Plus, there’s no upfront deposit and you can skip upfront GST on cars valued up to $69,674 (for driveaway prices over that value, GST only applies to the excess). That’s up to $6,334 in effective savings for FY24/25 right there!
Thanks to our partnership with Oly, novated leasing is now available to real estate professionals, making it simpler than ever to drive a new car while keeping your finances in check.
How can novated leasing benefit you?
Think of the possible savings
A novated lease allows part of your payments to come out of before-tax salary (or 100% before-tax for an eligible electric car), this means you could reduce your taxable income and save thousands on tax every year.
Bundle car and on-road costs
With Oly you can bundle your car finance and on-road costs into one regular payment which includes petrol or charging, registration, servicing, tyres and insurance.
Oly is here to help
Oly takes care of the admin, from arranging insurance and coordinating payments with your employer. And with Oly’s handy app, you can keep track of budgets, manage your account, and submit claims easily.
Want to see how much you can save?
Try Oly’s novated lease calculator to find out how much you could save.*
Why Choose Novated Leasing for Your Real Estate Business?
As a real estate professional - whether you’re a property manager, real estate agent, or a business owner - a novated lease through Oly offers an efficient, potentially tax-effective solution for managing your running expenses including petrol or charging, registration, insurance, servicing and tyres. It gives you the flexibility to:
Upgrade your vehicle
Switch to newer models for better efficiency and comfort.
Provide valuable perks to employees
Offer a competitive advantage to your team with the opportunity to get into a new car and save on tax.
Novated leasing is a great way to streamline your vehicle management while potentially saving on tax and to offer additional employee benefits.
Direct Connect is here to help you connect with the best partners, so you can save and grow your business.
^Displayed price is only available through a novated lease administered by Oly in Queensland. Government duties and charges may vary the weekly pricing in other states and territories. Weekly costs have been determined based on the following assumptions: 1) The lease is a Oly fully maintained lease, 2) A 5 year term, 3) A residual value of 28.13% of the vehicle purchase price payable at the end of term, 4) Inclusion of finance and budgeted costs for: fuel or electricity, 4 replacement tyres, maintenance, roadside assistance, registration, CTP and comprehensive insurance, 5) Gross annual salary is $90,000. 6) Vehicle purchased in QLD, 7) 15,000km per annum, 8) Salary Sacrifice using Employee Contribution Method (ECM). The Fringe Benefits Tax Exempt Method is only used for eligible electric vehicles under the luxury car tax threshold of $91,387. The indicative price quoted for the novated lease is based on vehicle quotations received within the last 45 days and does not include any optional extras. Any optional extras that you choose will affect the cost of the novated lease and residual value. If you purchase the vehicle on termination of the novated lease, GST will apply on the purchase price you pay at that time. The novated lease offer is based on the assumption outlined above, and is an indicative cost approximation of the selected vehicle and model shown and the amounts may change at the time the novated lease quotation is completed and finalised. Your individual circumstances have not been taken into account as this will affect the overall weekly cost amount and the benefits of a novated lease. These specials cannot be used in conjunction with any other offer. From 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under the FBT legislation. However, you can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue providing private use of the vehicle on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must be delivered by midnight on 31 March 2025. Due to high demand and stock limitations there may be some vehicles that do not meet the delivery deadline for the EV Discount. Customers are advised to confirm delivery timelines before proceeding with their order.
*Savings shown are indicative and reflect estimated tax savings over the full-term of the lease. The total amount saved is a comparison between a novated lease based on the assumption outlined above and the purchase of a vehicle and payment of running and maintenance costs using post-tax earnings. Actual savings will depend on your personal circumstances. Oly recommends that you seek independent financial and taxation advice.
Please note that stock levels vary from time-to-time and so certain vehicles may not be available at the time of enquiry.
Things you need to know: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Oly may pay and/or receive commissions in connection with its services. Actual vehicle prices are based on specific vehicle and accessories, prices and savings may vary based on additional options selected with vehicle. Oly does not act as your agent or representative in respect of the purchase of any vehicle. Oly does not provide any advice or recommendations in relation to the purchase of any vehicle.
Please note: The content of this page is provided to you on the condition that you undertake all responsibility for assessing the accuracy of the content. Oly gives no guarantee and accepts no liability for the quality, safety or standard of motor vehicles or parts referred to or the truth or accuracy of the information contained on this page except to the extent required by law including, but not limited to, consumer guarantees under the Australia Consumer Law. You acknowledge that any images shown on this page are for illustration purposes only and may not be an exact representation of the motor vehicle on offer. The specifications you choose may affect the price you pay.