Novated leasing is a lease arrangement that addresses the differing needs of employers and employees, to provide a solution that benefits everyone.
A Novated Lease is an agreement between your employer, yourself (the employee) and the financier, which amounts to a transferral of the obligation to meet the lease rentals under the finance lease from yourself to your employer. As an employee, a Novated Lease enables you to drive the car of your choice and to take that car with you if you change jobs.
As an employer, it eliminates the financial burden of having to have the vehicle listed on the company books and of having to dispose of it should the employee leave. You simply pay the lease rentals on behalf of the employee during their employment with you. That is the beauty of a Novated Lease