NOVATED LEASE FAQs

What happens at the end of the novated lease?

Before your novated lease expires, we will be in touch to discuss what direction you would like to take at the end of your novated lease, these include:

  • Take out a new novated lease. Upgrade to the latest model to continue enjoying the convenience and potential tax savings of a novated lease.
  • Refinance the car. Extend the arrangement of your current car by refinancing the residual amount with one of the novated leasing panel’s financiers.
  • Keep the car. Purchase your current car by paying the residual amount.
Other FAQs

More questions? Check out the rest of our FAQs below and if you need further assistance you can contact us. We’re here to help.

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Our knowledgeable novated leasing experts have answers to most common questions: Check out our full FAQs list.

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Remuneration Services (Qld) Pty Ltd | ABN 46 093 173 089 (RemServ)

Remuneration Services (QLD) Pty Ltd (ABN 46 093 173 089) (RemServ) act as an authorised representative on behalf of a number of Australian financial services licensees. The capacity in which we act and the financial services we are authorised to provide are set out in our Financial Services Guides. We act as an agent for those licensees and not for you.Regulated leasing and related services are provided by Onboard Finance Pty Ltd ABN 18 645 542 776, Australian Credit Licence no. 532668. Onboard Finance authorises Remuneration Services (QLD) Pty Ltd ABN 46 093 173 089 (Credit Representative no. 540077) to provide credit assistance to you. Credit guide for Remuneration Services (QLD) Pty Ltd (as credit representative of Onboard) available here.

The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings will depend on your individual circumstances. The information in this publication has been prepared by RemServ for general information purposes only, without taking into consideration any individual circumstances. RemServ and the Queensland Government recommend that before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Standard Novation Agreement, Salary Packaging Participation Agreement and the relevant Queensland Government Salary Packaging and Novated Leasing Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.

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The availability of benefits is subject to your employer's approval. RemServ may receive commissions in connection with its services.