When it comes to cars, nostalgia isn’t what it used to be. The idea that “they don’t build them like they used to” has never rung so true, but just not in the way you might think. That’s because back in the day, with very few exceptions, cars were horrible. By today’s standards they had rotten steering, woefully inadequate brakes and few creature comforts (you want air conditioning? Wind down the windows!). They were unsafe and usually unreliable and if they didn’t break down on you then they rusted out in a few short years before heading to the scrap heap.
Modern cars are just better in every way. Safer, better handling, more comfortable, better for the environment, far more reliable and much, much better built. They’re built to last in fact, which is why some manufacturers are offering five and even seven-year warranties these days.
For many people a well-cared-for used car with many years of reliable motoring in front of it is a smart choice.
And the smart way to get it for many working people is with a novated lease. Perhaps you’re surprised by that? You’ve heard of novated leasing but thought it was only for new cars? Well think again, because you can get your hands on a used car with a money-saving novated lease, though there are a few rules attached.
Money in your pocket
So, what exactly is a novated lease? Well in simple terms it’s a three-way agreement between yourself, your employer and a lease provider, like Fleetcare. The total cost of running the vehicle (not just the purchase price) is bundled up together and deducted from your salary by your employer before it’s taxed. That reduces your taxable income. In some cases, it may even drop you down into a lower tax bracket. It’s a much better idea than paying for it from your salary after the tax man’s already taken his slice from it.
What’s included in your lease? In short, the total cost of running the vehicle: the lease payments, registration, fuel cards, repairs and maintenance, tyres, crash management, comprehensive insurance and even roadside assistance. It’s all taken care of in that one payment.
A few rules
As I said, there are a few rules. You can novate a used car however, there may be restrictions depending on the age of the vehicle (for example, if the vehicle will be older than 7 years at the end of the lease) but all used vehicles are assessed on a case-by-case basis. It’s also worth checking whether your employer has restrictions on the cars available to employees. If you’re not sure if the vehicle you want is eligible, just get in touch with your novated lease provider and they’ll be able to answer any questions you have.
Apart from those few restrictions if you already have permanency at work you should be able to get a novated lease on the new or used vehicle of your choice if your employer agrees to it.
Fleetcare makes the whole process simple and straight-forward. Once you’ve decided on the car you want you can leave the negotiating to us, which guarantees you’ll get the best price. Fleetcare will find you the perfect lease then arrange the paperwork for you and your employer to sign, and don’t worry, we’ll help you through it.
Novated lease benefits
After that you just drive that vehicle away, happy in the knowledge that all those vehicle expenses are already covered by your novated lease payment. How’s that for peace of mind? After that you’ll continue to benefit from discounted fuel with your Fleetcare fuel card as well as discounted repairs, maintenance and tyres.
Need to know more about the advantages of a novated lease on a used vehicle? Call Fleetcare today on 134 333 for an obligation-free chat.