What happens at the end of the novated lease?
Before your novated lease expires, we will be in touch to discuss what direction you would like to take at the end of your novated lease, these include:
- Take out a new novated lease. Upgrade to the latest model to continue enjoying the convenience and potential tax savings of a novated lease.
- Refinance the car. Extend the arrangement of your current car by refinancing the residual amount with one of the novated leasing panel’s financiers.
- Keep the car. Purchase your current car by paying the residual amount.