What happens at the end of my
Novated Lease term?

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Vehicle trade-in

Trade-in your vehicle and repay the residual balance. Sell your car above the residual value, you keep the profit tax free.

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Vehicle purchase

Repay the residual balance on the lease and own the car outright.

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Re-lease your existing car

You can lease any car that will be under 9 years old at end of lease, even your current car.

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Lease a new vehicle

You can sell your current vehicle, pay out the lease (pocketing any profit above the residual balance) and lease a new car.

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