When you leave your employer, the novated portion of your lease ends and needs to be finalised. We’ll request a few details from you and your employer to complete the process and deactivate your fuel cards.
- If your budget is in surplus, funds will be returned to your employer, who’ll apply any required tax and pass the balance to you.
- If your budget is in deficit, the shortfall will either be deducted from your final pay or invoiced directly to you.
After termination, you’ll make payments directly to the financier. We’ll provide a direct debit form to make setup simple, and you’ll take over the ongoing costs of running your vehicle.
If your new employer supports novated leasing, you can request a mid-lease transfer with their provider. If they’re open to using Paywise, we’d just need the contact details of someone we can speak with.
If novated leasing isn’t available at your new workplace, you’ll simply continue making monthly payments to the financier and manage the vehicle expenses on your own.