after reading some replies I think most of you people are misled about novated leasing.The real benifit of leasing is if you are in the 40% tax bracket,the savings are from the discount that you get and the gst on vehicle which you pay at the end.I work in mines and I fall into this department.I have 2 lease cars 1 at 2008 rav 4 cruiser L and 2 a brand new FG F6 sedan.The benifit of lease is to reduce your tax.Im with leaseplan australia which are pretty good to deal with because you are allowed to put 20% equity into the vehicle to reduce the monthly repayment,Example is on my F6 I pay $1660 pretax pm and $457 pm post tax for the fbt side of things.The residual after 2 yrs is $25550 and it will have 50000klms on the clock.I also added some equity to the vehicle of $8500 to reduce the payments because I also have the rav4.The payments per month include all servicing,tyres,insurance,registration and fuel. If you look after your vehicle you can surely make money on them depending on what vehicle you purchase I guess.My previous 4 cars have been all hsv's the last being the ve r8 which I made 13k profit from it. If anyone wants to know a bit more feel free to ask.