Asset Finance

Novated Lease

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An ME Leasexpress Novated Lease provides a flexible, cost effective and convenient way to acquire a motor vehicle as part of an employee's salary package.

Employees lease a motor vehicle of their choice and the employer pays lease repayments, vehicle registration, insurance, servicing, fuel, repairs and tyres from the employee's salary package.

Employee benefits

  • Employees can choose a new or demo vehicle that suits their lifestyle (i.e. sports car, people mover, 4wd etc).
  • Employees benefit from fleet discount advantages and unlimited private use.
  • All repayments, fuel, tyres and maintenance expenses are tax effective and paid from the salary package.
  • Convenience of a vehicle expense card used to pay all running costs.

Business benefits

  • No capital expenditure and better containment of vehicle costs.
  • Promotes a standardised and consistent vehicle policy, that still allows individual choice.
  • Simplified ITC/GST process with straightforward monthly reporting.
  • Assists with staff recruitment and retention.

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Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval. Please consider if this product is appropriate for you. The ME Leasexpress Novated Lease product is provided by Industry Funds Management (Nominees 2) Pty Ltd (IFM2), distributed through Leasexpress Fleet Management Pty Ltd and managed by Members Equity Bank Pty Limited (ME Bank). IFM2 is not an authorised deposit-taking institution and its obligations do not represent deposits or liabilities of ME Bank. ME Bank do not stand behind or guarantee IFM2.

Rates, Fees & Charges

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Product Enquiries
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Sat: 9am - 5pm (EST)
Business Ph 1300 658 108
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Existing Customers
Personal Ph 1300 654 998
ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)
Business Ph 1300 658 108
ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST)
Phone Banking
Personal Ph 1300 654 998
Business Ph 1300 658 108