Self-Managed Novated Lease

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Get the best of both worlds...

If you’re looking for a cost-effective novated lease but feel hampered by your employer’s choice of salary packaging agency, Fleetcare can help! With a self-managed novated lease from Fleetcare, you have the flexibility of selecting the financier of your choice at a much more competitive interest rate, saving you thousands!

A Fleetcare self-managed novated lease lets you lock in a competitive interest rate on your next car. You can also choose your own insurance while your employer’s chosen salary packager will continue to manage the ongoing operating costs of the vehicle on your behalf.

The difference between a Traditional and Self-Managed Novated Lease

Self-Managed Novated Lease FAQs

What is a self-managed lease?

A self-managed novated lease is a salary packaging option that allows you to select the financier of your choice for your car, while your employer’s nominated salary packager manages the operating expenses of the vehicle once the lease is set up. This is different from a fully maintained novated lease where your novated lease provider manages both the finance component and the ongoing operating costs. Simply put, you get the best of both worlds.

Why would I choose a self-managed lease over a fully maintained lease?

A self-managed novated lease gives you the freedom to select the financier of your choice. This allows you to find the most competitive interest rate on your vehicle finance, without being locked in at a higher rate through your employer’s chosen packager. A self-managed novated lease can save you thousands over the term and the salary deductions will still occur through your packager.

What’s involved in setting up a self-managed novated lease?

While there’s one additional form involved in setting up a self-managed novated lease, you’ll be confident knowing that you’re enjoying the most competitive finance rate and saving thousands over the term of your lease. The ongoing management of your operating expenses will be managed by your salary packaging provider.

Does having a self-managed lease mean that I pay for the running costs out of my own pocket?

Your vehicle operating costs will still be budgeted for and will be outlined in your quote from Fleetcare. You will receive a single fuel card and be required to pay for your registration, maintenance, tyres and insurance and then claim a reimbursement from your packager which is usually paid within a few days of the claim.

How does the process work?

Request a quote

Request a quote from Fleetcare with a new or used vehicle of your choice. Fleetcare will provide you a competitive quote including a provision for your finance costs (managed by Fleetcare) and operating costs (managed by your packager).

Application form

You accept the quote and complete a Fleetcare Finance Application and Deed of Novation. Depending on your employer and the Salary Packager, you may also need to complete an additional application form which Fleetcare will arrange for you.

Credit application

Fleetcare will assess your credit application and once approved, book your finance for settlement.

Settlement

Once settlement occurs, Fleetcare send all information through to your salary packager who will set up the payroll deductions with your employer.

Ongoing Management

Your salary packager will provide you with a fuel card. All other running costs will be paid by you and reimbursed by your salary packager, usually within a few days.

How can Fleetcare help?

Better service and a better deal

"I have had a novated lease with a salary packaging provider for the last five years and contacted them to discuss my options at lease end. They were extremely difficult to deal with. Apart from their consultants being in Melbourne (3 hour time delay), they were not interested in my business. I was the one continually contacting them, where I felt they should have been chasing me.
So... I contacted Fleetcare here in Perth and guess what? They are financing my new car!
The Fleetcare team worked with me to get the car I wanted and I got a better deal too! Fleetcare will now be financing my new car, with my employer’s preferred salary packager managing the rest of the novated lease agreement."

Tanya, Police Officer

Think a Self-Managed Novated Lease is right for you?

We'd be happy to tailor this solution to meet your requirements.

Disclaimer: Fleetcare does not provide tax advice. We recommend all customers source their own independent financial advice.

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Self-Managed Novated Lease