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You may have heard of the residual, or balloon payment, at the end of a novated lease. But what is it, why does it exist and how can you best prepare yourself for the end of a novated lease?
A novated lease is a benefit your employer can offer to you, where they lease a car on your behalf. It involves a three-way agreement between employer, employee and a financier, and can last between one and five years.
Before your novated lease comes to an end, Maxxia will contact you to talk you through your options.
Leave your details below we’ll call you back to discuss your options.