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A novated lease can be a smart alternative to a standard car loan, especially if your employer offers salary packaging. It allows you to lease a car using pre-tax income, which can reduce your taxable salary and save on costs. The employer arranges the finance, and you keep the car if you leave the job. While tax deductions depend on how the car is used, many find novated leases offer better deals and lower upfront costs than traditional loans. #tax #taxaccountant #novatedlease #carloan #taxinco
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