How to navigate the end of your novated lease
If your novated lease is coming to an end, you might be wondering what’s next. You’ve enjoyed tax savings, easy budgeting, and driving a great vehicle without the usual hassles of ownership. Now it’s time to decide what works best for you and your finances.
No need to stress. There are plenty of choices available. One of our AANT Salary Packaging consultants will reach out to guide you through the process and help find the best option for your situation.
If you want to get in early and start the conversation now, you can schedule a call with us here.
Your options at the end of your lease
- Upgrade your vehicle
One of the most popular choices is to trade in your current car and start a new lease with a shiny new vehicle. It’s a great way to keep enjoying the latest features and drive something fresh. AANT Salary Packaging makes this easy by helping you find the right car and setting up your new novated lease.
- Extend your current lease
If you love your current car and want to keep the tax and GST savings, you can extend your lease for another term. This can often mean lower payments while continuing to enjoy the benefits of novated leasing.
- Pay out the residual and own your car
Not keen on upgrading or extending? You can pay out the residual value to own your vehicle outright.
- Trade in your car for cash
You might also consider trading in your car and getting a cash payout, depending on its value at the time of sale.
What’s the best choice for you?
Every option has its benefits. It’s important to think about your finances and what fits your lifestyle before making a decision. Our team is here to help you work through the options so you can pick what suits you best.
At AANT Salary Packaging, we’ll guide you through every step to make the end of your novated lease simple and stress free. We’ll help you find the right path for your budget, your needs, and your future.
