



What is the process for entering into a new novated lease? What happens to any remaining funds in my novated lease account at the end of the lease?
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what happens at the end of a novated lease Informational
- How is the excess mileage charge calculated? What are the best practices for managing mileage during a novated lease?
- How long does this process typically take?
- How is the trade-in value applied to the balloon payment or a new lease?
- What are the potential opportunities at the end of a novated lease?
- Under what circumstances might the security deposit be withheld?
- What are the pros and cons of extending a novated lease? What happens if I don't want to keep the vehicle at the end of the novated lease?
- Should I consider fixing interest rates for future vehicle financing? What are the advantages and disadvantages of fixed vs. variable interest rates?
- What happens if the vehicle is still under finance by the leasing company at the end of my novated lease? How is this handled if I choose to purchase the vehicle?
- What protections do I have in such a scenario?
- What information do I need to provide at the end of my novated lease? What documentation is required at the end of a novated lease?
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