The parties involved in a novated lease are:

Name: The parties involved in a novated lease are:
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Question

Quizplus · Accepted Answer

A novated lease involves three parties: the employer, the employee and a finance or leasing company. The employer and employee enter into an agreement to lease a vehicle, and then the employer takes on the employee's obligations under the lease by way of novation. The finance or leasing company is also involved as they provide the car and finance the lease. Therefore, the correct answer is option D.

The Parties Involved in a Novated Lease Are