Make your money go the extra mile with Allianz & Oly

What’s the difference between a novated lease and a car loan?

With a regular car loan, you’d be making repayments with your post-tax salary. With a novated lease, your payment uses some of your pre-tax salary, which could lower your taxable income.

Then there’s the fact that all your running costs are bundled into one regular, easy, automatic payment.

PLUS Oly helps you find your new car, takes care of most of the admin and makes it easy to switch your car for a new one once your lease is up.

You won’t find a car loan that can do any of that!

Why should I take out a novated lease instead of buying a car?

Not only could a Oly novated lease save you money, it removes a lot of the hassle that comes with owning a car.

Once you’ve decided on your car (yep, Oly can help with that too!), Oly will set up a simple annual budget that bundles up all those pesky running costs – that’s petrol, servicing, rego, insurance and the car itself, obviously – into one regular payment.

Then, once you get your car, that payment gets taken directly out of your pay using a combination of your pre- and post-tax salary. If you’re leasing an eligible electric car, the payment is all taken before tax.

Let’s break all those benefits down:

• Buying power
  Since Oly buys so many cars from dealerships across the country, you could get access to some pretty amazing deals.
• Tax savings
  Some (or all) of your payments are made with pre-tax dollars, so your taxable income is reduced. That means you could pay less tax! Even better: you could skip the upfront GST on your new ride too.
• Less hassle
  Oly sorts out all the administrative stuff, including finding your new car, dealing with the money people, and sorting insurance. That means less stress and more time cruising with the windows down.
• Better budgeting
  That one regular payment includes your car AND all your running costs. That means no more of those terrifying registration or insurance renewal bills.
• Flexibility
  With Oly, you can choose the car you want to drive, whether it’s new, used or the car you’ve already got.

Can I end my novated lease early?

A novated lease is based around a fixed length of time. So, if you decide to end the lease early, your payout might be higher than the market value of the car (and could include fees and charges from the money people).

When you set up your lease, it’s a great idea to structure it over a period that reflects how long you’ll want to keep the car to avoid any of those early cancellation fees.

Things you need to know

Things you need to know: You acknowledge and agree that any reward you receive is not a salary, however you may need to declare any reward as income for tax purposes. This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Conditions and fees apply, and you should confirm they are acceptable before you accept any arrangements with Oly, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Oly may pay and/or receive commissions in connection with its services.
Oly is committed to protecting the privacy and rights of its customers. Your contact details will be provided to us (or our contractors) by your employer if you elect to log in to the Oly Rewards portal. We also collect further information about you if you elect to join the program, such as details regarding the third-party goods and services you acquire. If you do not provide information we request, we may not be able to provide you with some or all of the benefits of the Oly Rewards program. We may disclose the information we collect to your employer and to our third-party contractors that assist us to provide Oly Rewards and the third parties that you elect to obtain products and services from.  Your personal information may be also disclosed to other entities in the MMS Group, our agents, contractors and service providers (including our web and IT administrators, mail houses, advertising service providers and advisers), some of whom may be located overseas (including The United States of America, the Republic of Ireland, India, China, Sri Lanka and the Philippines).  Oly’s Privacy Policy (which is the McMillan Shakespeare Group’s Privacy Policy), available at https://mmsg.com.au/privacy/, explains how you can seek to access or correct any personal information we hold about you, how to complain about a privacy breach and how we will deal with a privacy complaint. Oly can be contacted at 1300 328 182.

Important Information: If you have any queries about Oly Rewards, please email Wink at [email protected]. You may unsubscribe from receiving further marketing by clicking on the unsubscribe link in the email communication. If you wish to opt out of receiving direct marketing communication from Oly, you may do so by contacting Oly at [email protected] with the subject line REWARDS UNSUBSCRIBE.

1.    This offer is conducted by Oly Pty Ltd (ABN 69 674 252 629) of Level 21/360 Elizabeth St, Melbourne VIC 3000 (Oly) in partnership with Allianz Australia Services Pty Limited (ABN 66 002 947 257) of 10 Carrington Street, Sydney NSW 2000 (Allianz).
2.    The offer commences on 2 December 2025 and closes on 30 June 2026, unless the Offer is terminated by Oly in accordance with clause 8 below (the Offer Period).
3.    The offer is $500 credit applied to an eligible participant's Oly Rewards account (the Offer) if the participant signs up to an Oly novated lease through an Allianz designated link. The designated link will be contained in Allianz's campaign referral channel.
4.    To be eligible for the Offer, the participant must:
a.    be at least 18 years of age; and
b.    sign up to a new Oly novated lease through an Allianz designated link that the participant has received directly from Allianz.
5.    Each eligible participant may only receive the Offer once. Eligible participants must settle a new novated lease with Oly by 30 June 2026 (or as otherwise extended by Oly).
6.    Eligible participants must create an account on the Oly Rewards Platform in order to receive the Offer. Terms and conditions apply to the Oly Rewards Platform www.olyrewards.com.au/terms-and-conditions.
7.    $500 credit will be automatically applied by Oly to the participant's Oly Rewards account within [14] days of settlement of an Oly novated lease.
8.    Oly reserves the right to modify, suspend, or terminate the Offer at any time with 14 days' prior notice. This notice may be published on Oly's website. In the event of termination of the Offer, eligible participants who have already settled an Oly novated lease under the campaign prior to the termination date will receive the Offer.
9.    The participant acknowledges and agrees that the participant is responsible for considering and obtaining advice including tax advice in relation to the Offer. Oly makes no representation regarding the tax treatment of the Offer for the participant.
10.    The participant acknowledges and agrees that any benefit received under this Offer is not considered a salary or wage. However, the participant may be required to declare the benefit as income for tax purposes. Oly does not provide tax advice and is not responsible for any tax liabilities, obligations, or consequences that may arise from the receipt of the Offer.
11.    Nothing in these terms and conditions limits, excludes or modifies or purports to limit, exclude or modify the statutory consumer guarantees as provided under the Competition and Consumer Act 2010 (Cth), as well as similar consumer protection laws in the States and Territories of Australia. See www.accc.gov.au for more information about those rights.
12.    Subject to clause 11 above, Oly is not liable (including in negligence) for any loss (including indirect, special or consequential loss or loss of profits), expense, damage, personal injury, illness or death suffered in connection with this Offer or any benefit, except for any liability which under statute cannot be excluded (in which case that liability is limited to the greatest extent allowed by law).

Oly | Oly Pty Ltd 69 674 252 629. Oly acts as an authorised representative on behalf of a number of Australian financial services licensees. The capacity in which Oly acts and the financial services Oly is authorised to provide are set out in the financial services guides. We act as an agent for those licensees and not for you.