What is a Novated Lease
To put it simply, a Novated Lease is like a car loan, but with benefits. A Novated Lease is a three-way agreement between you, your employer and a financier to allow you to salary package a car of your choice, with cost effective payments coming from your pre-tax salary. These payments cover the finance cost of the vehicle, as well as the budgeted running costs that come with owning a vehicle:
Rego and CTP
It is the easiest way to own and run a car. Makes budgeting easier and their are no nasty surprises and roller-coaster cashflow.