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Who pays the residual owing on my novated lease?

April 26, 2017lease novated owing pays residual

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Who pays the residual owing on my novated lease?

1 Answer

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You do. The residual is your responsibility and cannot be salary sacrificed. Any shortfall of the actual sale price against the residual is payable by you, and conversely, any surplus of the value of the car over its residual value is yours.