Starting a new job? What happens to your novated lease?

If you entered a novated lease agreement with your current employer and have decided to move on to greener pastures, what happens to the lease?

Will you have to give back that beautiful new car that you have faithfully polished every weekend for the past couple of years?

In a word, no.

Your novated lease follows you around. When you leave a job, it goes with you.

The lease obligation is simply transferred from your employer to you, and you take charge of making the monthly payments. Alternatively, your new employer can take on the lease obligation, just like your previous employer did.

Either way, you still get to enjoy all the great benefits that come with a novated lease.

If you’re planning on changing jobs or concerned about losing your job, get in touch with us and we’ll walk you through what needs to be done to take your novated lease with you.

Stress free novated leasing. All part of the service with Fleet Network.


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