A novated lease is an agreement between an employer, employee and finance institution. It is a very cost effective way of owning a vehicle for the employees who want to finance their vehicle as part of their salary package.
Employers deduct the lease payments from your pre-tax salary which reduce your taxable income which will put more money in your pocket every time you get paid
Helps you budgeting your financials as all the cost related to run and maintain your car is included in one payment so there are no surprises
Novated lease can be transferred to another employer if needed
Have more control over your car as compared to your company car
Flexible loan terms with fixed interest rate and no deposit
