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How a novated lease could put cash back into your pocket

Drive.com

There are currently around 350,000 novated leases in Australia^. Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately. For most people, being able to choose a new car at the end of the lease term is one of the most appealing aspects of a novated lease.

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What is novated leasing, and how does it work?

CarExpert

Making lease payments before tax is deducted reduces your obligations by $3300 per annum or $16,500 over a five-year lease period. While five years is the period chosen in this example, generally novated lease providers let you opt for periods between one and five years. . So, should you consider a novated lease?