Novated Lease

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Novated Lease - Flexibility To Choose





There are a couple of major key points in a Novated Lease deal of which I will talk about in this article. The first key point in a nova Ted lease is that the employee who decided to avail of the said financing program can save on the taxes that are supposed to be imposed on services and goods which we all avail of. And since, it will be his or her employers which will pay for the novated leasing first, and then the employee would have to refund the expenses of the company through the deductions on his or her monthly wage. As a result, the employee can still generate enough income to support him or her and maybe his family as well.



Another key point in the Novated Lease is that the person who wants to avail of a car through it can have the flexibility to choose for whatever car he or she likes. Plus the fact that even though the car was initially paid for by the employer of the person, this does not mean that the car can already be used for business purposes. The car that was availed through the Novated Leases will remain to be personal to the person. This means that the car is not a company use even though this was availed through the use of the Leasing.
 
 

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