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#Novated lease

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Articles tagged Novated lease

A modern car parked in the driveway of an Australian home

Money

Novated lease explained: is it worth it in Australia?

A novated lease lets you pay for a car and its running costs out of your salary, partly before tax. For an eligible electric vehicle under the FBT exemption it can be very tax-effective. For petrol cars the case is closer. Here is how to tell.