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Novations: Transferring a Lease Vehicle from one Limited Company to another Limited Company

26th September 2022

What is a Novation?

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One of the main reasons for a novation is when a company has been bought out by another, and the assets need to be transferred across.

Mark Smith
Director - Nationwide Vehicle Contracts

I want to request a Novation quotation, what do I do?

To request a Novation quotation

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1. Contact Nationwide Vehicle Contracts

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2. Contact Funder

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3. Pay Novation Fee

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4. Complete Finance Application

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5. Documentation Sent

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6. Sign Novation Agreement

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7. Review Documentation

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8. Records Updated

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9. Date Effective

How long will the process take?

Guide Information

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