Novated leasing

A smart way to finance a vehicle

Our novated leasing is a popular vehicle finance solution that allows lease payments to be made through an employee's salary package. It provides a simple and flexible way for employees to access a vehicle, while helping employers offer an attractive workplace benefit.

How does a novated lease work?

A novated lease is a three-party arrangement between an employee, employer and finance provider. Under a novated lease:

the employee chooses a vehicle
lease payments and running expenses are made through salary packaging arrangements
the employer facilitates the salary deductions
the employee retains use of the vehicle

This can provide a convenient way for eligible employees to lease a vehicle while potentially accessing the benefits associated with salary packaging. Novated leasing can provide value for both employees and employers.

For employees

A novated lease can help employees:

access a new or used vehicle
manage vehicle finance through salary packaging arrangements
choose a vehicle that suits their personal circumstances

For employers

Novated leasing can help organisations:

provide an additional employee benefit
support employee vehicle needs
offer flexible salary packaging options

Vehicle options

Novated leasing can support a range of vehicle types, including battery electric vehicles, plug-in and other hybrids.

Passenger vehicles

Supporting everyday personal and family transport needs.

Electric vehicles (EVs)

As demand for electric vehicles continues to grow, novated leasing can provide an option for employees looking to transition to EV ownership. Innovation in emerging markets such as electric vehicles remains an important part of Pepper Money's asset finance offering.

New and used vehicles

Delivered through technology and partnership

Behind every novated leasing solution is a broader ecosystem of support, technology and partner expertise.

Pepper Money continues to invest in digital lending technology and streamlined processes designed to support efficient customer experiences. Through our asset finance platform, Solana, partners can benefit from capabilities such as:

real-time approvals
automated identity verification
workflow automation
API integration

Why Pepper Money?

Asset finance expertise

We work with asset finance brokers, broker teams, dealers and business partners across Australia, helping support a broad range of customer and vehicle finance scenarios.

Technology designed for efficiency

Digital applications, automation and real-time decisioning capabilities help create a more streamlined lending experience.

Built around partnership

For more than a decade, we've worked alongside brokers, dealers and business partners to develop asset finance solutions designed to support growth and evolving customer needs.

Important information

Information is correct as at 20 August 2026 and subject to change at any time.

Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

© Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans.