What Happens When Your Lease Ends

Planning for the end of your novated lease can feel confusing, but it doesn't have to be. Our FAQ page covers everything you need to know about selling your car, renewing your lease, or upgrading to a new vehicle. Remunerator provides personalised support to make the process smooth and stress-free while helping you continue enjoying the tax-saving benefits of novated leasing.

What are my options when my novated lease ends?

At the end of your novated lease, you have a few options:

Sell your car and payout residual
Renew your existing lease
Upgrade into a new car

Understanding the process early helps you plan ahead and avoid any last minute surprises. Remunerator guides you through every step of the way, ensuring a smooth and simple transition.

Can I buy the car at the end of my lease?

Yes, all novated leases include a residual value. This is the value you can purchase the vehicle for. Your Remunerator specialist can help you calculate if this is the best option for you.

How do I know the residual value of my car?

The residual value is set in your lease agreement at the start. We can provide a clear breakdown so you know exactly what it would cost if you choose to purchase your vehicle.

What if I want a new car instead of renewing my lease?

You can upgrade to a new car easily. Remunerator will guide you through the process, including arranging a new novated lease and helping you select the right vehicle for your needs.

What happens if I want to return the car?

While we don't offer a 'hand back' of the car, you can sell your vehicle and use the funds from the sale to payout the residual.

When selling the vehicle, you can either sell it privately, or use our 'Sell My Car' service.

We've partnered with Dutton One to offer a seamless selling of your vehicle to their network. Provide details of your vehicle and Dutton One will quote a value the will purchase the vehicle for.

How long before my lease ends should I start planning?

We recommend starting 3-6 months before your lease ends. This gives you enough times to explore options, get advice, and make decisions without rushing.

Can I involve a colleague or refer someone to novated leasing at the same time?

Absolutely!

If you know someone interested in a novated lease, we can help them explore options and enjoy the benefits too!