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What is Novated Leasing?

Novated Leasing is a lease agreement that addresses the differing needs of employers and employees, to provide a solution that benefits everyone.

A Novated Lease is an agreement between your employer, yourself (the employee) and Lease & Asset Finance Pty Ltd, which amounts to a transferral of the obligation to meet the lease rentals under the finance lease from yourself to your employer.

A Novated Lease is a tax effective option that is approved by the Australian Tax Office (ATO). The main benefit in doing a Novated lease is to reduce the cost of financing and running a vehicle.

This is done through the tax and GST savings when Novating a vehicle. Novated Leasing is associated with Salary Packaging which incorporates other benefits other than a vehicle. Salary Packaging and Novated Leasing facilitate you to pay for the vehicle and associated running costs out of your PRE-TAX salary rather than AFTER-TAX. This means more money in your pocket.

Why Motorpac

Motorpac is the motor vehicle salary packaging division of Lease & Asset Finance Pty Ltd, a finance company established in 1997 and was formed with the goal to provide a personalised, highly competitive and cost effective service to our clients. Motorpac can offer a more cost effective Novated Lease than our competitors because as Lease & Asset Finance is the financier our cost of funding is less than our competitors who use the traditional commission based brokering model.

Motorpac currently services employers with requirements ranging from a single Novated Lease through to Government bodies, we do not place restrictions on the size of employers or lock employers into exclusive dealing contracts, we build trust with both employees and the employer by providing quality personalised service at the most competitive cost to the employee, this means more money in the employees pocket.

Our experienced consultants ask the right questions to ensure we offer the correct whole of life solution for your needs, the consultant you deal with is available to you from first contact through to end of lease, no call centres or dealing with a different person each time you make contact with us, this is our vision of personalised service.


Motorpac is a division under Lease and Asset Finance

Lease & Asset Finance Pty Ltd
Unit 2/414 Upper Roma Street
Brisbane QLD 4000

  • P: 1300 61 61 43
  • F: 07 3831 3244
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