A Novated Lease facility is a great finance option which gives you the option to reduce your taxable income. A Novated Lease is a three party arrangement between the financier, your employer and you the employee. Your employer will make you car payments for you on a monthly basis and take it out of your “pre tax” salary. If you happen to change employers then you are able to transfer the Novated leased agreement to the new company allowing you to take your car with you.