Novated leases are ever-increasing in popularity. Instead of forking out a heap of cash upfront to buy a car, or paying larger monthly repayments on a car loan, people are turning to leases to save themselves the hassle of this and, instead, drive around their dream car without technically owning it. And the best part? The repayments, services, insurance and rego can all be paid from your pre-tax wages!
So, when it comes to servicing, surely there’s a catch, right? Surely it’s one of those situations where you have to service the car at this super expensive place that makes it not even worthwhile to enter a novated lease. Well, let’s find out.