There are plenty of reasons you might change your job (expectedly or unexpectedly) before the end of your novated lease. If this happens, you can choose to:
- Pay the remaining lease payments and buy the car outright by paying the residual value.
- Keep making the payments for the lease and running costs yourself with your post-tax dollars.
- Get your new boss to agree to transfer the lease to your new job.
Whichever one you choose, or if you’re having trouble figuring out the best option, get in touch.
Oly has the answer to most common questions: check out the full FAQs list
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Oly may receive commissions in connection with its services.