BYO novated lease: keep your salary packager, swap only the finance.
Every novated lease is two things: finance (the loan on the car) and management (payroll deductions, running-cost budgets, claims). Your employer's administrator handles the management. The finance bundled alongside it usually carries a quiet margin — and that is the only part you need to change.
BYO means you bring your own finance. Same car, same lease term, same administrator, same payroll deductions. Nobody at work does anything differently.
Self-managed, BYO, finance-only — the same lease under different names
Self-managed novated lease, BYO finance, finance-only, employee-arranged and externally financed all describe one arrangement: you bring the loan on the car, and your employer's salary packaging administrator keeps running the deductions, the running-cost budgets and the FBT reporting exactly as it does now.
The business that arranges that finance is sometimes called a third party introducer. That is the role millarX plays — a credit assistance provider under its own Australian credit licence, handing your administrator the same documents it receives from any financier.
Which word gets used varies by provider, which is why being told “we don't do that” is so often a vocabulary mismatch rather than a policy. If one term draws a blank, ask again using another.
Find your employer
128 employers where we know salary packaging applies. Don't see yours? Upload a quote and we'll tell you what BYO saves you anyway.
- Australian Federal GovernmentBYO leases processed
- Australian Signals DirectorateBYO leases processed
- Department of DefenceBYO leases processed
- Department of Education (Victoria)BYO leases processed
- Department of Foreign Affairs and TradeBYO leases processed
- Department of State Development, Infrastructure and Planning (Queensland)BYO leases processed
- East Metropolitan Health ServiceBYO leases processed
- Eastern HealthBYO leases processed
- EBOS GroupBYO leases processed
- Lindsay AustraliaBYO leases processed
- Marymede Catholic CollegeBYO leases processed
- MBB GroupBYO leases processed
- Monash HealthBYO leases processed
- North Metropolitan Health ServiceBYO leases processed
- Services AustraliaBYO leases processed
- South Australia PoliceBYO leases processed
- South Metropolitan Health ServiceBYO leases processed
- StannardsBYO leases processed
- Sydney TrainsBYO leases processed
- Australian Communications and Media AuthorityBYO finance confirmed
- Australian Taxation OfficeYes — conditions apply
- Department for Education (South Australia)Yes — conditions apply
- Department of Education (Western Australia)Yes — conditions apply
- SA HealthYes — conditions apply
- South Australian GovernmentYes — conditions apply
- WA HealthYes — conditions apply
- Western Australia Police ForceYes — conditions apply
- Western Australian GovernmentYes — conditions apply
- Department of Education (Queensland)BYO appears restricted
- Queensland GovernmentBYO appears restricted
- Queensland HealthBYO appears restricted
- Queensland Police ServiceBYO appears restricted
- ACT Government
- Alfred Health
- Allianz
- Ambulance Victoria
- Attorney-General's Department
- Austin Health
- Australian Border Force
- Australian Bureau of Statistics
- Australian Competition and Consumer Commission
- Australian Criminal Intelligence Commission
- Australian Digital Health Agency
- Australian Electoral Commission
- Australian Federal Police
- Australian National Audit Office
- Australian Prudential Regulation Authority
- Australian Securities and Investments Commission
- Australian Trade and Investment Commission
- Australian Transaction Reports and Analysis Centre
- Barwon Health
- Bendigo Health
- BHP
- Brisbane City Council
- Bureau of Meteorology
- Cabrini Health
- Canberra Health Services
- Child and Adolescent Health Service
- City of Adelaide
- Comcare
- Crown Resorts
- CSIRO
- Defence Housing Australia
- Department for Education, Children and Young People
- Department of Agriculture, Fisheries and Forestry
- Department of Climate Change, Energy, the Environment and Water
- Department of Education
- Department of Employment and Workplace Relations
- Department of Energy, Environment and Climate Action
- Department of Families, Fairness and Housing
- Department of Finance
- Department of Health (Tasmania)
- Department of Health (Victoria)
- Department of Health and Aged Care
- Department of Home Affairs
- Department of Industry, Science and Resources
- Department of Infrastructure, Transport, Regional Development, Communications and the Arts
- Department of Social Services
- Department of the Prime Minister and Cabinet
- Department of the Treasury
- Department of Transport and Planning
- Department of Veterans' Affairs
- EGIS Group
- Epworth HealthCare
- Fortescue
- Geoscience Australia
- Goulburn Valley Health
- IP Australia
- Logan City Council
- Macquarie University
- Melbourne Archdiocese Catholic Schools
- Melbourne Health
- Metro Trains Melbourne
- Moreton Bay Regional Council
- National Disability Insurance Agency
- National Indigenous Australians Agency
- Northern Health
- Northern Territory Government
- Northern Territory Police
- NSW Department of Customer Service
- NSW Department of Education
- NSW Government
- NSW Health
- NSW Police Force
- NT Health
- Peninsula Health
- Queensland Rail
- RACV
- Reserve Bank of Australia
- Rio Tinto
- Royal Australian College of General Practitioners
- Royal Children's Hospital
- Royal Victorian Eye and Ear Hospital
- SINCH
- St Vincent's Health Australia
- Sydney Catholic Schools
- Tasmania Police
- Tasmanian Government
- Thales Group
- Transport for NSW
- V/Line
- Victoria Police
- Victorian Government
- WA Country Health Service
- Western Health
- Woolworths Group
- Yarra Valley Water
- Zoetis Australia
What BYO finance is worth on your car
Same car, same term — this prices the finance on its own, which is the part a bundled quote never shows you separately.
Indicative comparison only, not a quote or credit offer. Payments are GST-exclusive, finance-only figures, calculated monthly in arrears with a 2-month deferral, using ATO minimum residual values and rates we estimate from general market knowledge. Excludes running costs, fees and salary-packaging effects. Your personal quote confirms the real numbers. Want the full breakdown?
An indication, not a quote. It shows the shape of the difference on the inputs you entered; a real figure depends on the actual vehicle and on credit assessment. Nothing is sent anywhere — the calculation runs in your browser.
Fair questions
Is BYO finance actually allowed under my salary package?
Yes. Salary packaging rules govern how the lease is administered, not who provides the finance. Administrators package externally-financed leases routinely.
Is a self-managed novated lease the same as BYO finance?
Yes. Self-managed, BYO (bring your own) finance, finance-only, employee-arranged and externally financed all describe the same arrangement: you source the finance on the car and your existing salary packaging administrator continues to run the deductions. The business that arranges that finance for you is sometimes called a third party introducer — that is the role millarX plays, as a credit assistance provider under its own Australian credit licence. Providers differ over which word they use, so being told they do not offer one of them is often a vocabulary mismatch rather than a policy. If one term is not recognised, ask again using another.
Will my administrator push back?
It's business as usual for them — we hand over the documents in the format they expect, and we deal with them directly so you don't have to.
Does anything change for payroll?
No. Your pre-tax deductions, running-cost budgets and reporting all continue through your administrator exactly as before.
What if I leave your employer?
Same as any novated lease — the finance travels with you. You can re-novate with a new employer or continue repayments directly.
I work part-time / casual — does this still work?
If you're eligible for salary packaging with your employer, you're eligible to BYO the finance. The saving works the same way.
Where does the saving come from?
The finance bundled into a novated quote usually carries a margin on top of the lender's rate. BYO replaces that finance with a transparent millarX loan on the same car and the same term — the management side of the lease is untouched.