Novated leasing and trailers — what is possible, what is not, and what the alternatives are for employee trailer finance in Australia.
Common Questions
Frequently Asked Questions
Generally no. Novated lease is specifically for motor vehicles used by employees. Trailers are not motor vehicles under the relevant tax legislation and are not eligible for standard novated lease arrangements.
Consumer personal loans or personal asset finance are the most accessible options for employees purchasing trailers. If the trailer is used for employment income-producing purposes, your accountant may advise on deductibility.
The tow vehicle may be eligible for novated lease. The trailer itself would need separate financing. Your salary packaging provider can advise on what is possible for your specific situation.
This is uncommon for trailers specifically. Speak with your employer's salary packaging provider about what assets are eligible under your specific arrangement.
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