Most cars do not attract luxury car tax.  If you are purchasing an expensive new vehicle then it may result in the price of the car including luxury car tax.  If this is the case then the amount of GST the financier can claim back on your car will be limited and as such the repayments on the finance component of the lease will be higher than if the car had no luxury car tax included in the price.

When salary packaging a high priced car you may also need to pay from your salary deductions a Luxury Car Allowance.  This is an amount your employer will need to collect to offset the cost to them of you electing to enter into a novated lease on an expensive vehicle.

Luxury Car Tax and the Luxury Car Allowance topics are quite technical and if you have further questions we highly recommend you speak with a registered tax accountant prior to entering into a novated lease.