Motor Vehicle Lease Payments
<p >A <b>novated lease</b> is a type of <a href="http://en.wikipedia.org/wiki/Vehicle_leasing" title="Vehicle leasing" >motor vehicle lease</a> common in <a href="http://en.wikipedia.org/wiki/Australia" title="Australia" >Australia</a> that allows a business to lease a motor vehicle on behalf of an <a href="http://en.wikipedia.org/wiki/Employee" title="Employee" class="mw-redirect" >employee</a>, with the responsibility for the lease lying with the employee and the lease payments being made from the employee's pre-tax income.
The term novated lease is also used in the UK to refer to a car lease which has been novated (transferred) between two parties.</p>