Quote:
Originally Posted by fatboy
99% sure you will need to buy another car to do this, I am the group business manager for the Brian Gardner group and I do this for a living!
Personally I don't like novated leases but each to their own, they are predominantly sold to government workers and people that don't know any better( don't get me wrong they work well for SOME people!)
Also ^ novated leases cost more both in fees and rate than a standard car loan!
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Plus the balloon payment: 45% minimum for 36 months I think - that still the case? The novated lease is certainly not what it used to be, the gov have tightened things up a fair bit recently.
You'd seriously have to sit down with an advisor and do the sums mate. On face value I dont think its much of a plan, but an advisor may see it differently depending on your circumstances.