Yes, the lease agreement is like a car novated lease agreement. It is an agreement between Sparque as the owner of the ebike, you as the ebike rider and your employer. Ebike leases are much simpler than car novated leases. Almost all car novated leases use a budget for fuel, service and maintenance, and that budget requires reconciliation of receipts and potentially additional payments at the end of the year. Sparque offers a flat fee for service and maintenance, as long as your actual use of the ebike is similar to the expected use we agreed on in the contract. That means no receipts or reconciliations to be done, saving you and your employer time!