You may have heard of the residual, or balloon payment, at the end of a novated lease. But what is it, why does it exist and how can you best prepare yourself for the end of a novated lease?

With a fully-maintained novated lease your vehicle maintenance and servicing is already budgeted for. But how exactly does that work?

Is your Maxxia novated lease drawing to a close? Unsure which direction to take? Or are you just curious about what happens at the end of a novated lease? Read on!

Each pay your budgeted contribution amount is added to your Maxxia novated lease account — think of it like a bank account for your lease.