Novated leases are an awesome way to get a new vehicle
There’s a ton of perks to novated leases, including tax deductible income, saving on vehicle running and maintenance costs and no deposits or up-front costs. There seems to be one catch with novated leases, however: you’ve entered the contract of a novated lease with your employer, so what happens if you’re thinking ahead to point in time when you’ve changed jobs?
First things first, let’s not panic. There won’t be any men in black suits and aviators coming to steal your pride and joy away from you without any notice. The good thing about a novated lease is that you can still continue leasing your car if you change jobs. However, there are a couple of conditions that have to be met. Let’s take a look.