If you’re in the market for a new car, you’ll have discovered that it pays to be patient, because there’s not many of them around and the waiting time for one can stretch out to months.
The great new car shortage is tipped to continue into 2023 and it’s largely the result of a shortage of semiconductors which is affecting most of the world’s carmakers.
That’s bad news if you’re looking to buy a new car right now, but we think there’s an alternative, one that will help you get your hands on the vehicle you need immediately, while saving you money now and every pay day into the future.
It’s a Fleetcare Novated Lease on a used vehicle.
What’s that? You didn’t know you could get a novated lease on a used vehicle? You thought it was only for new ones?
Well you can, and it’s a great idea, though there are a few rules you have to follow.
But before we get into that, how does a novated lease work?
To put it simply, a novated lease is the most cost effective way to buy and run a vehicle.
The total cost of running your vehicle – that’s lease payments, fuel cards, registration, insurance, repairs and maintenance – everything, is put together into one payment and deducted from your salary by your employer before the tax is taken out.
That reduces your taxable income and leaves more money in your pocket for you each week, and less for the tax man, because you’re not paying tax on the total cost of ownership of the vehicle. Ideally, it may even push you into a lower tax bracket.
Now as I said, there are a few rules to buying a used vehicle, but they’re not too onerous.
Firstly, you’ll need to check with the boss to see if there are any restrictions on the cars that may be available to employees.
Secondly, there may be age restrictions on the vehicle you’re considering (if it’s more than 7 years old at the end of your lease, for example).
And of course, as with any novated lease, you’ll need to have permanency at work to qualify for one.
But here at Fleetcare, we have the experienced staff to make getting a novated lease on a used vehicle straight-forward and a lot easier than you might have thought.
Once you’ve selected your car, we’ll look after all the paperwork, draw up your Fleetcare Novated Lease agreement and liaise with your employer - making every step as easy as possible.
After that all your vehicle expenses will be covered for the life of the lease by that one novated lease payment, including discounted maintenance, tyres and repairs.
When you add up the benefits of a novated lease on a quality used vehicle it just makes sense, doesn’t it?
To find out more about novating your next vehicle, contact Fleetcare on 134 333.