Novated leases in Australia are a popular way to drive a new car with pre-tax salary packaging, but the reviews are a mixed bag depending on your financial savvy and patience for paperwork. Pros include tax savings, flexibility to change cars after lease term, and bundled running costs. Cons are hidden fees, complex contracts, and potential termination costs if you leave your job early.
Common gripes include:
For the full lowdown, check out forums and consumer sites, and keep an eye on Tradingpost or CarShowroom for vehicle deals that fit your lease.
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