Novated lease is designed for staff to maximise their salary package. Suited to businesses that need to offer salary packaged vehicles to their employees, which can help staff maximise their salary package and reduce your company’s costs. If employment ceases during the lease term, the novation is cancelled and the employer’s obligation in respect of making the lease payments ceases and reverts to the employee. There are both substantial benefits to both employers and employees.
Novated Lease from ilease