A Novated Lease is a three-way agreement between the employee (driver), their employer and the leasing provider. It allows the employee to bundle finance and running costs into one easy regular payment, while also reducing the income tax paid on their salary.
Frequently asked questions
An overview of the most commonly asked questions about Novated Leasing.
The monthly payment covers the finance and a budget for running costs including fuel or charging, servicing, replacement tyres, registration, CTP and comprehensive insurance.*
*You have the right to choose your inclusions based on what is applicable to you and you can adjust your running cost budgets throughout the lease if your driving patterns change.
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