To take ownership of your Volkswagen at the end of a novated lease – say, a sleek Volkswagen Golf or a versatile Volkswagen Tiguan – you'll need to make a 'residual value' payment, often referred to as a balloon payment. This amount is a predetermined percentage of the vehicle's initial price and varies based on the duration of your lease; shorter leases generally have a higher residual payment, while longer leases tend to lower this amount.

But don’t worry; you won’t have to navigate this process alone! Leaselab is here to guide you through your options, ensuring you make the best choice for your situation.

The optimal duration for a Volkswagen novated lease largely hinges on personal preferences and individual financial situations. Generally, shorter lease terms may result in higher monthly payments but offer more flexibility for those who prefer not to commit long-term. Conversely, longer leases typically feature lower monthly costs but come with an extended repayment time.

Many individuals find that a lease period ranging from three to five years strikes a favourable balance between affordability and commitment. However, it’s crucial to evaluate your budget, how frequently you plan to use the vehicle, and any potential changes in employment that might influence your leasing options.

Whether you're drawn to the sleek Volkswagen Golf, the adventurous Tiguan, or the family-friendly Volkswagen ID.4, Leaselab makes it easy to drive your dream model with a novated lease. With our flexible payment plans, you can tailor the one that best suits you and drive away in your dream Volkswagen. Enjoy a smooth ride with Leaselab while unlocking a host of financial benefits along the way.