29 08/12

Why I Went with a Novated Lease

I travel more by automobile now that I have moved to Perth. I really dislike having to use a company vehicle only to have to turn it back in at the end of the week or month. When I go back to work I would always get a different vehicle. Anyone who drives company owned vehicles knows what I mean. You end up with a vehicle that is dirty, doesn’t operate optimally and they usually smell like the guy who used it before you. That was why I jumped at the chance at a novated lease in Australia when I made my auto purchase. I never knew much about it until I checked into my company’s program.

They are the ones that actually acquired the lease for me. However, it is my vehicle. I pay for it out of my own paycheck. They automatically deduct it from my wages.

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