Why novated lease a Toyota Corolla?
A novated lease lets you pay for a Toyota Corolla and its running costs from your pre-tax salary, which lowers your taxable income. You also avoid GST on the purchase price and running costs.
- Paid from your pre-tax salary
- No GST on the car, up to the $6,353 cap
- Insurance, servicing, tyres, rego and fuel bundled in
Is the Toyota Corolla FBT exempt?
No. The FBT exemption applies to eligible electric vehicles only, so the Toyota Corolla is not FBT exempt. A novated lease still saves you though: your running costs and part of the finance come out of your pre-tax salary, and you avoid GST on the purchase price (up to the $6,353 car GST cap) and on the running costs.
What it costs, with nothing hidden
Your CarBon quote sets out the finance, the fees and the running-cost budget in full before you commit, so there are no surprises. The quickest way to see the real weekly cost of a Toyota Corolla for your salary is to run a quote.
Common questions
How much does a Toyota Corolla cost on a novated lease?
It depends on your salary, your state and the term. A small car, often bought as a hybrid, from around $32,000 drive-away. The fastest way to see your real weekly cost, with every fee shown, is to run a quote on the CarBon calculator.
Does a novated lease still save me money on a Toyota Corolla?
Yes. It is not FBT exempt because that applies to EVs only, but you still save through pre-tax running costs and by avoiding GST on the car (up to $6,353) and its running costs.
What is included?
Finance for the car plus running costs: insurance, servicing, maintenance, tyres, registration and fuel, bundled into one regular payment.