- Tax Benefits: One of the primary advantages of a novated lease is the ability to use pre-tax income, which can reduce the taxable income and result in substantial tax savings.
- Convenience: All vehicle expenses, including registration, insurance, and maintenance, are bundled into one simple payment. This streamlined approach alleviates the administrative burden on employees.
- Flexibility: Novated leases are highly flexible, allowing employees to choose their preferred vehicle, including the increasingly popular electric vehicles (EVs).