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Prafula Pearce, Associate Professor of Law, Edith Cowan University

What is a novated lease on a car and what do I need to know before signing up?

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If you’re thinking about getting a vehicle but don’t have enough money saved, you might be considering a choice between taking out a car loan or a novated lease (also known as “salary sacrificing” to get a car).

It’s important to know the difference, as there are plenty of tax implications and what’s right for one person won’t be for another.

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