Friday, July 4, 2008

Who Can Novate a Car?

Wondering if you can novate a car? Well if you work on a full-time basis for a company who allows their employees to salary package vehicles, then you can. Many companies nominate a particular novation company for their employees to go through, although some leave that decision to the employee. The type of car you can novate will depend on your salary scale and your other committments. You're probably not going to get approval for a $120,000.00 car if your annual salary is less than $50,000.00! The novation company will work with the employee, the employer and the financier to broker the deal.

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