Yes, you can generally change the terms of your novated lease during the lease period, but there are conditions, limitations, and potential costs involved. Please speak with your novated lease administrator for specifics.
Yes, but expect fees and penalties. Check your lease agreement for specifics.
Yes, you can terminate a novated lease at any time. However, this usually involves fees or penalties on the unpaid interest.
The estimated value of the vehicle at lease end, set by ATO guidelines. It’s payable if you wish to purchase the car and it’s subject to GST.
Besides the lease repayment, you may include registration, insurance, maintenance, fuel/charging and tyre cost in a novated lease package