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What is novated leasing and how does it work?
A novated lease is a finance agreement used with salary packaging. It simply means that your employer pays for your car lease and car running costs out of your salary package through a combination of pre-tax and post-tax salary.
Best of all, one regular payment from your salary covers all your car’s running costs, making it easy to stick to your budget. Your insurance and roadside assistance are also covered, and thanks to a choice of lease terms, you can customise a flexible package to suit your individual needs.