It’s legislated that all novated leases require a residual – or "balloon" – amount to be paid the end of the finance agreement. The residual percentage applicable is determined by taxation rules, and is applied to the amount that you finance. How much the residual payment comes to depends on the lease duration and estimated value of the car at lease end. Please get in touch and we can advise of the residual amount applicable to you
How does the residual payment work?