@rinabella ..about novated lease----is a three party agreement between the employee, employer and the finance company (i.e. lease provider), organised by employer'’s approved Novated Lease Fleet Management Company.
The employee enters into a leasing agreement between himself/herself and the finance company for the provision of a vehicle. The employee, employer, and the finance company enter into a Full Novation Agreement under which the employer agrees to take on the responsibility of paying the finance company on behalf of the employee.
The lease payments and vehicle running costs are paid from the employee’s pre and in some cases post – tax remuneration to our approved Fleet Management Company, so long as the lease is Novated. The approved Fleet Management Company then pays the finance company and suppliers on behalf of the employer and the employee, so long as the lease is novated to the employer.