Hi,
Can the residual value for a novated lease for a 5 years term be set as 35 % ? I can see the minimum residual value is mentioned as 28.13%. What is the maximum value. Will it be a bonafide lease if the residual value is set as 35% for 5 years term.
The residual value is set by the Australian Tax Office and is shown in the scale below. The residual value is calculated by multiplying the cost of the vehicle by the applicable percentage according to your lease term.
Term of Lease Residual %
12 Months 65.63%
24 Months 56.25%
36 Months 46.88%
48 Months 37.50%
60 Months 28.13%
The residual value is set by the Australian Tax Office and is shown in the scale below. The residual value is calculated by multiplying the cost of the vehicle by the applicable percentage according to your lease term.
Term of Lease Residual %
12 Months 65.63%
24 Months 56.25%
36 Months 46.88%
48 Months 37.50%
60 Months 28.13%
22 Apr 2024 · 6 min read time
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