Hi All ,
I'm trying to organize a Novated Lease and I'm getting conflicting Information .
I have one company NLA telling me I can do a 13 month lease and get a residual value of 56.25% (2 years) yet the other two companies are telling me its must be 2 full completed years .
I have read this document and my understand is that it would need to be 24 months but it seems on forums lots of people are doing 13,25,37 months leases to get the extra year residual .
The other companies have said if I can justify the lower residual with High Kms but I only do 7500 km per year .
If I can, the 13 month lease sounds amazing and I'm being assured I can do this but from my reading of the ATO article I also feel its questionable and the others companies say it puts me at risk.
https://www.ato.gov.au/law/view/document?docid=TXD/TD93142/NAT/ATO/00001
PLEASE HELP!
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