Can I choose any make and model for a novated lease?
Yes, within ATO guidelines and provider restrictions.
Yes, within ATO guidelines and provider restrictions.
In most cases, you can have more than one novated lease, but each vehicle requires a separate lease agreement. You can’t include multiple vehicles under a single novated lease.
Yes, you can modify a novated leased vehicle, but with important restrictions and conditions, since the vehicle is technically owned by the leasing company during the lease period
Often yes, for items like window tinting or tow bars, subject to approval.
Yes, but vehicle condition and age limits apply depending on the provider.
Only if you already owned the car outright, then you can novate lease it through a sale and leaseback arrangement.