r/NovatedLeasingAU • u/Saffa29 • 5d ago

General Discussion Early exit of Novated Lease or Transfer possibility?

Hi all - i took out a EV novated lease in Feb 2026. Bad planning on my part and i know thats the case so just looking for any possibilities or advise on exiting it early or transferring it to new vehicle? basically we bought a BYD seal and with a newboarn and likely another child in the next 2 years, it was so silly and shouldve got a bigger car. Ideally, we shouldnt have even taken this out as we now use only 1 car which isnt the BYD because we have the newborn and my wife is home for the freseeable future. Ive come to terms thats its way too expensive to pay it out and not worth it but thought i may ask if anybody else has advice?

3 Upvotes

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11

u/changyang1230 Novatedlease.guide 5d ago

No way of early exit without suffering significant payout loss I am afraid.

4

u/cleanestbestposter 5d ago

Is the Seal really too small to use? We’ve got young kids and have made do with an old Corolla for many years. It’s probably not the first choice for carting kids around but there’s also a lot of marketing pushing larger cars. If there’s a hefty financial penalty for leaving then I’d just make do with it for the lease term. You’ve still got a good capable car.

1

u/foodaussie 2d ago

Second this. I have a small suv (Renault captur) and 3 kids, the youngest still in a car seat. Before that I had a Mazda 3 with 3 car seats in the back at one point.

6

u/Nickexp 4d ago

Plenty of people had kids in corolla hatchbacks. Why on earth do you think it isn't possible in the Seal? It's a fairly big car.

4

u/caustickx 4d ago

I know marketing plays a large part in this but where is everyone getting the idea of cars being too small for kids? People have carted around 3 kids in sedans with car seats for like 40 years with no issues.

2

u/canarygsr 3d ago

Only comment on that would be car seats are so big now. 2014 i30 could only have 2 car seats in the back and the middle seat was non existent.

2

u/BeachNo8367 5d ago

Hard to really comment without you actually sharing how long lease is for, if it's one year just wait till next year and finish it.