What are my options at the end of the novated lease?
Your end of lease options
Near the end of your novated lease, we will contact you to discuss your options, that suits your personal circumstances.
You may be able to:
- keep the car by paying the remaining amount owing (conditions may apply); or
- refinance the car (conditions may apply if the car is more than seven years old at the end of the lease, or valued at below $5,000); or
- upgrade to a new car: with Maxxia’s help you would trade in your current vehicle and pay any amount owing; or
- return the car and pay any residual amount owing once the vehicle is sold; or
- Insurance: Make a claim under your Guaranteed Buyback cover (or Residual Protection Insurance if through Coverforce).
Talk to us about salary packaging the Maxxia way
Whether you’re ready to get started or would like to know more, we’re here to help.