What is a Novated Lease?
A Novated Lease is a three way agreement between you, your employer and the finance company. By bundling together all the costs of your vehicle allows you to pay for it using pre-tax dollars.
What are the benefits of a Novated Lease?
The main one is financial as you can deduct the lease payments from your income saving money on your tax return. You maintain ownership of your vehicle not your employer.