Time for an upgrade?
Ready for something new? Trade in your current vehicle and upgrade to a brand-new car with a fresh novated lease.
- Drive away in the latest model with new features
- Access potential fleet discounts
- Lower running costs with a newer car
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Keep your car, with added tax benefits
Love your car and want to hold onto it? Refinance your residual (balloon) payment into a new novated lease and enjoy income tax and GST benefits.
- Keep driving the car you know and trust
- Spread the balloon payment over a new term
- Enjoy additional tax savings with a fully managed novated lease
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Not sure what’s best?
We’ll talk you through the options and tailor a solution that suits your lifestyle and budget. No stress, no obligation.
- Call us on 1300 920 773
- Request a free quote online
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Quick-fire novated lease questions
Learn more about how a novated lease works from start to finish.
What happens if I don’t pay my residual on time?
If your residual (balloon) payment isn’t paid by the due date, your financier may apply late fees and additional interest charges. In some cases, they may also treat the lease as being in default, which could impact your credit record. To avoid this, most people either refinance the residual, pay it out in full, or roll into a new novated lease before the due date.
Can I refinance with a different term length?
Yes — when refinancing your residual, you can usually choose a new term length that better suits your budget and circumstances. For example, you might opt for a shorter term to pay the car off faster, or a longer term to reduce your regular repayments.
Do I get tax benefits if I upgrade to an EV?
Yes — under the FBT exemption, eligible EVs and plug-in hybrids can be leased through a novated lease without attracting Fringe Benefits Tax (FBT). This means you can package your repayments with pre-tax salary, often making an EV significantly more affordable compared to buying outright or financing privately.
