What exactly is a Novated Lease?
A novated lease is a particular type of car lease that enables employees to drive a personal motor car in both a tax and cost-effective way as compared with more traditional types of car financing.
‘Novated’ describes a contract involving the actual employer, a employee and also the car financier where [...]
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A Commercial Hire Purchase (CHP) put simply is a kind of vehicle lease where by the purchaser is able to acquire something (such as a car) through hiring it over a pre-specified repayment period.
The actual exchange associated with the title to the consumer for the motor vehicle is complete when the lender (the finance company) [...]
March 3, 2010