You could save on taxes by making payments directly from your pre-tax salary. At the end of the lease term, you can choose whether to return, buy, or refinance the car. It’s a hassle-free way to upgrade your ride while keeping your finances in check.
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Novated leasing creates a three-way agreement between you, your employer, and Auto Ownit. Once you have chosen the car you want to lease, you will enter into a novation agreement with your employer and us. Your employer agrees to make the lease payments from your pre-tax salary, and you agree to use the car for work purposes. You can buy, refinance, or return the car at the end of the lease term. During the agreement, the vehicle remains your responsibility, and you are responsible for its maintenance and upkeep during the lease term.