Can I transfer a novated lease to another person?
Yes, it is possible, but the process depends on several key factors, including the terms of your existing novated lease, your employer’s agreement, and the policies of your lease provider.
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What happens to the lease if I change jobs?
You can often transfer it to a new employer or convert it to a finance lease make direct payments.
What happens if I leave my job during the lease term?
You become responsible for payments. You may transfer the lease to a new employer or convert it to a finance lease.
What happens at the end of a novated lease?
You refinance the lease, pay the residual to own it or sell it and upgrade to a new one.