What is a Novated Lease? (And what happens if the staff member leaves?)
A novated lease is a type of car lease arrangement in which an individual (the “lessee”) transfers their lease obligation to their employer. The employer then becomes responsible for making the lease payments on behalf of the employee and assumes ownership of the vehicle. The purpose of a novated lease is to allow the employee […]
What is a Novated Lease? (And what happens if the staff member leaves?) Read More »