EVs are driving boom in novated leases as customers choose Tesla and BYD
thedriven.io
EVs now make up nearly two thirds of the novated leases signed by one of the biggest providers in Australia, but new conservative government has killed the market in New Zealand.
  • workerONE@lemmy.world
    15·
    2 months ago

    Apparently a novated lease is when a third party, usually the leasee’s employer takes over the lease payments and deducts the amount from the employee’s pay check. It saves the leasee money by reducing their taxable income.