With a regular car loan, you’d be making repayments with your post-tax salary – and potentially paying more tax. Under a novated leasing arrangement, you use some pre-tax salary, which could lower your taxable income and give you more take-home pay. (Once your deductions commence, your payslip will show the pre- and post-tax deductions made to RemServ.) Then there’s the budgeting convenience of having all your running costs bundled into one regular payment.
Our knowledgeable experts have answers to most common questions: check out our full FAQs list