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Frequently Asked Questions
Everything you need to know about novated leasing
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ATO Residual Value (Balloon) Table
At the end of your lease, the residual value (balloon payment) is determined by ATO guidelines based on your lease term. This is the amount you would need to pay to take ownership of the vehicle.
| Lease Term | Residual % |
|---|---|
| 1 Year | 65.63% |
| 2 Years | 56.25% |
| 3 Years | 46.88% |
| 4 Years | 37.50% |
| 5 Years | 28.13% |
* Residual percentages are set by the ATO and are applied to the original vehicle purchase price.