How a Novated Car Lease Works

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There is now an even better alternative to buying a car outright or getting a loan from the bank – it’s called a novated car lease and it’s becoming more and more popular with full-time Australian employees. Its appeal lies in the fact that all parties involved are given great benefits. Whether you want to purchase a car or rent one for a while, auto leasing could be an affordable option for you. Use our novated lease calculator to provide a detailed breakdown of the cost of purchasing and financing your chosen car.

Novated Lease Explained – Know The Facts

When you take part in a novated car lease, you enter a financially binding contract between your employer and a registered financial dealership. Using your pre-tax money to pay for your vehicle, is the simplest and most cost-effective way to drive around in a new car. A novated car lease also means that your employer will maintain the running costs of the car such as services, fuel, maintenance etc. At the end of the car leasing term or the end of your tenure with your current employer, you assume ownership of the vehicle and payout any remaining costs.

If you cannot afford a car loan, then a novated car lease is ideal for you. Call Automotive Lease Packaging today to get your novated car lease. To see a list of locations we are able to provide novated leases for please visit our cities & other locations page.

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