Remunerator News

Aug 4 2017

How does the Takata airbag recall affect your Novated Lease?

Have you had your airbags checked?

If you haven’t already heard, Takata airbags are being recalled from a huge range of vehicles. After approving failed safety tests, automotive parts manufacturer, Takata Corporation, has filed for bankruptcy following the ongoing faulty deployment of their airbags. The defective airbags are installed in more than a hundred million cars worldwide. This could include the car in your Novated Lease. So this may be an opportune time to get into a new car with Remunerator.

So why are Takata airbags being recalled?

These airbags use ammonium nitrate to inflate which, creates a small explosion that inflates the air bags in a crash. But when exposed to high temperatures or humidity, the compound deteriorates and can burn too fast when ignited, causing the metal canister housing the compound to blow apart and shoot shards of metal at the people seated in the car. As a result there have been 18 recorded deaths since 2008 – when the first recall occurred – and over 100 people injured due to the faulty deployment of Takata airbags.

The recall is so massive not all car companies have been able to calculate which models are affected, and some have admitted the replacement airbags won’t be fitted until next year, because they can’t be built fast enough. So the pressure is on car manufacturers and Australia’s consumer watchdog to rectify the situation, but it is unlikely all the defective components will be tracked down and replaced. As a result car owners are looking at getting a new car with a Novated Lease to avoid the hassle.

The bottom line is — it’s up to owners to make sure their cars get checked out. Remunerator can help you get into a new car with a Novated Lease. So contact us on 1800 501 703 to get started.

Click here for the list of vehicles affected.


Written and compiled by Tamara Bouzo

Graphics created by Tamara Bouzo


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