What happens if I change jobs during my lease, but my new employer does not offer salary packaging, or I lose my job and are no longer working?
During your novated lease
Options include:
- You can pay the remaining novated lease payments and residual; or
- You can choose not to salary package and pay the lease payments directly to the financier until the end of the lease; or
- You can call your financier to see if they have any other options available for you, which could include hardship options;
- Your Maxxia Comprehensive Motor Vehicle Insurance will be cancelled on the 30th of the month your lease ends with Maxxia. Your Maxxia Motor Vehicle Lease Protection Insurance Policy can remain as long as the vehicle is still financed with your financier. Your Extended Warranty Insurance can remain even if the vehicle is not leased or financed. If applicable pro-rata refunds will be applied on any cancelled policy.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.