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What is a novated lease on a car and what do I need to know before signing up?

  • Written by Prafula Pearce, Associate Professor of Law, Edith Cowan University
What is a novated lease on a car and what do I need to know before signing up?Shutterstock

If you’re thinking about getting a vehicle but don’t have enough money saved, you might be considering a choice between taking out a car loan or a novated lease (also known as “salary sacrificing” to get a car).

It’s important to know the difference, as there are plenty of tax implications and what’s...

Read more: What is a novated lease on a car and what do I need to know before signing up?

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