Residual Value Novated Lease: Novated Lease Buyout
Residual value is essential in determining the amount you pay at the end of your novated lease. It can also help you decide whether salary sacrifice is proper for you. Residual values are usually defined at the beginning of a lease during the establishment of terms. Understanding them can save you time and money. For more information about the residual value novated lease buyout, click here. The amount you pay at the end of your lease. The residual value (or buyout) is predetermined in your lease agreement, reflecting the car's estimated worth at the end of its term. It's based on the vehicle's expected depreciation, mileage, and how long it will be leased. Independent leasing companies determine residual values to balance offering enticing low lease payments with making sure the…