Dimitri. Love your videos in general. When you enter a novated lease you are made aware of the lease terms, especially how long the lease will be. The vast majority of people will only enter a NL on those terms because they know they will be employed at the same place for the term of the lease. Your situation would be in the minority. As you have discussed the lease is a complex financial agreement between you, your employer and the NL company, it's not just something that can be handed over in an envelope. The SG Fleet screen grab is the best example (not the highlighted section). I don't believe these are underwater rocks, I believe these are exceptional circumstances that require due diligence by the NL companies to ensure compliance with financial regulations. You can be p'd off at the time it takes to do it but ultimately you are ending a financially binding agreement with one company and entering into another with another. I think your OCD has gotten the better of you this time/ I novate lease... no underwater rocks in my stream, with respect.
I appreciate a thorough white up mate, but I disagree. I don't think moving employers and renovating a vehicle is an exception, otherwise - if nothing else - they simply wouldn't have a whole RENOVATIONS department, that's apparently ran off their feet. I spoke with them - so busy busy, sorry sorry, very busy. Hardly handling 1-2-3 of "exception" cases similar to mine mate... Just very poorly organised and understaffed.
I am interested, my experience has been simply that setting up is easy and amazing. If you need anything mid lease, then simply good luck you have to wait at least a week to few weeks. Plus, their interest rates which they don't and never will advertise is super high.
Yep, completely agree except EVEN SETTING UP isn't amazing. Long waiting times, chasing your rep, them not picking up the phone... Basically in Australia it's borderline disgraceful service. Wish there was an ombudsman or some kind of regulatory body.
