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Used Car Novated Lease Unlock your money like never before
Did you know you can even turn your existing car into a novated lease & take advantage of the tax & GST benefits? You can Novate:
- A used vehicle from a motor dealer
- A private sale vehicle
- Refinance your existing vehicle loan
- Sale & leaseback your existing vehicle & take advantage of current tax benefits
Why turn to a Novated Lease?
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Reduce Costs. Save Tax.
Reduce the cost of ownership of your vehicle. Save on GST and Tax on your running costs.
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Employer Options
You can choose the car you want and take it with you to your next job if you change employers.
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Flexible Visa Card
Manage your salary packaged expenses with flexibility and convenience with our industry leading Visa fuel card. No fees. No Fuel surcharge. Simply fill up where you want, when you want!
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Budget-Friendly Convenience
Have all the running cost of your vehicle bundled into one easy solution from your pay. No more worrying about big bills in the mail.
Already know what used car you want to buy?
Use our Novated Lease Calculator for an instant quote
Novated lease Calculator
Common questions
There are some restrictions on what used vehicle you can buy. The vehicle has to be considered a passenger car. Therefore, cars such as Cab Chassis 4×2 utes, mini buses and some dual cabs with a payload over 1 tonne, can’t be novated.
Lease terms vary from 12 to 60 months and should be matched to the desired length of time that you wish to keep the car. We have lenders that can accept vehicles that are up to 15 years of age at the end of term.
We have lenders that can accept vehicles that are up to 15 years of age at the end of term, therefore giving you the ability to purchase a ten-year-old vehicle and still do a 5-year lease term.
There is no strict limit on the kms on the odometer but the vehicle does not need to meet market value for age, kms and condition.
Yes, it’s best to negotiate the vehicle purchase price with the seller, be it a dealer or private seller. It’s hard to negotiate a price on a vehicle that we can’t see or inspect so this is best left to yourself.
Yes of course, accessories can still be added to your next vehicle as long as they are through reputable suppliers.
When setting up a used vehicle for a novated lease it’s best if we can know information such as its current odometer reading and condition so that we can budget correctly for items such as serving, tyre replacement and rego renewal.
Your agreement is fully portable between employers. What was once only available to the public service sector, is now available to every working Australian. If you decide to stop working, you can continue the agreement directly with the financier or potentially transfer to a family member or associate.
Any unspent provisions can be withdrawn via your payroll at any time throughout the term. Surplus at the end can be rolled into your new vehicle, if you wish to upgrade.
You are the registered and insured owner of the vehicle therefore the decision of who drives it is entirely yours!
Fringe Benefits Tax does not apply to a novated lease.
No, as long as you pay tax, you will benefit.
- Upgrade your vehicle
- Extend your current package for another term
- Payout the remaining residual
- Own the vehicle outright with Residual – Free option
Novated Leases for car brands
We provide Novated Leases for all car brands, including the ones listed below
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