TradeLab

A novated lease is only as good as what happens when it ends. For your business, the honest answer is: not much. We built TradeLab to make sure of it.

When a lease reaches its end date, your only job is what you've always done: keep processing the payroll deduction until we tell you otherwise. Everything else, working through the options, valuing the car, handling the trade, sits with us and your employee. No extra admin, no awkward conversations, no risk to your payroll cycle. That matters, because a messy end-of-lease experience is one of the few things that can sour an otherwise great benefit. Getting it right is part of what keeps your people glad they took the lease in the first place, and more likely to take out another one down the track.

1. Refinance and keep the car. They re-lease the residual and keep driving the same car under a new term, fuel card and tax benefits included. 2. Pay out the residual and own it outright. Once the residual's paid, the car is theirs. 3. Upgrade to something new, with TradeLab. If the car's worth more than the residual, that difference goes back to your employee, tax-free. TradeLab handles the trade and finds them their next deal.

No haggling, no dealership run-around. Your employee lists the car in the app in about 15 minutes, dealers in our network bid against each other, they accept the best offer, and the car's collected from home, work, or wherever suits. Competition works in their favour, not against it.

A smooth end-of-lease experience is quietly one of the best retention tools you have. Employees who feel looked after at the finish line are more likely to take out another lease, and more likely to recommend the benefit to their colleagues. It costs your business nothing extra. It just needs you to keep doing what you're already doing.

The lease belongs to the employee, not to your business, so it carries no financial liability for you either way. If someone moves on before their lease is up, Leaselab facilitates the transition on their end. All we need from you is a heads up when a team movement happens, so payroll deductions stop cleanly and nothing falls through the cracks.

Download the Employer Guide or speak with your account manager, they'll walk you through timing so nothing catches your team by surprise.