Can I terminate my novated lease early?
During your novated lease
When you enter into a novated lease, you agree to lease the vehicle for a fixed period. So, it’s important you structure the lease over a period that reflects how long you wish to keep the vehicle for.
If you decide to terminate your lease early, depending on the length of lease that has expired, the payout figure may be higher than the current market value of the vehicle, and typically include fees and charges imposed by the financier.