Škoda Novated Leasing
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 Lease 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 it works
With Škoda, a Novated Lease is easy!
Step 1
Select your car
Step 2
Check eligibility
Step 3
Submit application
Step 4
Sign agreement
Step 5
Pick up your car
Step 6
Enjoy your Škoda!
What if I change jobs?
If you change jobs, you simply take the car with you and continue to make the car finance 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 to your new employer, the finance payments will be for the car only and will need to be made from your post-tax salary and you will not have the option to bundle running costs into your payment.
More solutions, less worries
Škoda Choice
Škoda Choice32 is our Guaranteed Future Value program – a flexible finance solution that provides you with the assurance of knowing exactly what the minimum value of your vehicle will be at the end of your loan term, and gives you the option to trade in, retain or return your vehicle. The choice really is yours.
Insurance designed for Škoda drivers
Škoda Insurance cover is designed with Škoda drivers in mind. It includes new for old replacement on vehicles less than three years old, genuine replacement parts, and you can pay in instalments at no extra cost. Now, that’s clever thinking.
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
Any questions?
Check our FAQs or contact our Finance Customer Support team for more help.