Novated lease versus personal/car loans...what are the pros and cons and does one make more financial sense than the other?

Hi Daniela. This is not something with a black/white answer. Various issues that need addressing include your income and therefore your marginal tax rate, the mileage you will travel for business vs private use, the size (cylinders) of the vehicle. Your tax accountant is probably the best person to help you with such a question. If you need direction I can point you to someone who is qualified to answer your question.

Novated your employer pays costs while you remain employed. Personal loan you pay and usually from after tax income.