Buying a car is a big financial commitment and requires a fair amount of research, and financing it may be the best decision. Numerous banks and financing companies offer auto loans. There are several ways to finance your car and a novated car lease may a great option for you to consider. A novated car lease is similar to a car lease and involves scheduled repayments against car finance for a new or used car. What makes novated car lease different is that the repayments go directly from your pay check, usually before it is taxed. It is essentially an agreement for car finance that includes the employer, the employee and the finance company.

Great employers usually want to offer employees incentives that will motivate them to work better and stay committed to the company or organisation. A novated car lease is a great incentive for employees. The financial responsibilities and ownership of the car remains with you even if you wish to quit your job.
[Read Full Article]