Novated Leasing

Novated Leasing

Novated leasing is a great way to finance and manage your new or used car through salary packaging. This means you pay less tax and save real dollars compared to traditional forms of finance. The car is financed with a “finance lease” and then salary packaged through your employer by way of a novation agreement. The agreement is between you, your employer and a novated lease manager/ financier. Novated leasing may sound complicated and it can be, but by using a CoverU novated lease we make it as simple as possible for both you and your employer so all you need to worry about is driving away in your new car!