Fees
7 fees published, grouped by when they're charged.
- When you take it outUp to $5002 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it off$440Early Termination
When you take it out2
- Legal Fees for Complex Documentation
Where we require External Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date.
Varies - Loan Establishment Fee
Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date.
$500
If a payment is late or fails1
- Overdue Rate
This charge applies on overdue amount from the time it is due until it is paid.
0.00% of transaction 30 days after it's due
When particular things happen3
- Asset Inspection Fee$150
- Break Costs
Break costs are not a fixed amount and are determined by a number of factors specific to your product.
Varies - Personal Property Security Fees
Personal Property Security Fees apply when search and registration fees are applicable. Where charged individually, these will be itemised on your Details and for the current costs, please refer to t…
Varies
When you close it or pay it off1
- Early Termination
Applicable when you terminate your Lease or Hire Purchase early.
$440
Features
- Salary sacrificing arrangement between an employer, an employee and a financing company (like Westpac) to make regular payments for the purchase price of a car from the employee's pre-tax salary.
- Once the employee selects a car, they enter into an agreement with their employer and Westpac to have the lease payments deducted from their pre-tax salary.
- Get certainty with fixed payments on a novated lease
- Benefits as an employee: Potential savings by making novated lease payments from your pre-tax salary reduces your taxable income and save GST on the purchase price of a car when it's bought from a re…
- Flexibility when the lease ends: Refinance, choose to buy the car, return it to us or upgrade to another one
- Smoother cashflow: Make small regular payments instead of a large cash outlay upfront when you buy a car
- No minimum distance requirements: Drive as little or as much as you want
- Things to note as an employee: Speak to your employer to see if they offer novated leases and check with them to see if you're eligible. Novated lease payments are paid from your pre-tax salary, whic…
- Payments via Direct Debit or invoicing
- Benefits as an employer: Attract and retain talent - Valued by employees looking to manage costs
- Benefits as an employer: No minimum business size - Businesses of any size can offer novated leases
- Things to note as an employer: As a business owner, you can apply for a novated lease if you're paid as an employee. Otherwise, there are other business financing options you can explore. If their em…
Eligibility and limits
- Minimum age 18
- Employment: Have a regular permanent income
- Available to businesses
- Amount from $15,000, no maximum
- Vehicle type: Cars, New or used (dealer sales only), 5 years old or less
- Hold a current Australian driver licence or learner permit
- Minimum lease term 1 year
- Maximum lease term 5 years
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Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.