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Novating a Used Car

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Novating a pre-loved vehicle

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!
We understand that leasing a brand-new car is not everyone’s cup of tea. That’s why we provide the option to pursue a novated lease with a used car. Whether it’s through a dealership or a private sale, you receive the same tax savings and GST savings as you would with a new car. Once you’ve selected your car, we will coordinate the paperwork and draw up your Fleetcare Novated Lease agreement that covers your car’s repayments and regular running costs. We will also provide you with a full break down of how much you will save!

Benefits of salary packaging your car

Reduce income tax
Smooth your budget
24/7 driver support
Save on GST*
Cashless servicing and repairs

Frequently Asked Questions

Can I novate a used car?

Yes, with a Fleetcare Novated Lease, you have the option to choose a used car, new car, or even your existing car.

How does a novated lease work with a used car?

A novated lease is a salary packaging option that lets you pay for a used car and its running costs from your pre-tax salary. It’s a three-party agreement between you, your employer, and Fleetcare.

How do I know if I’m eligible for a novated lease?

If you’re a salaried employee, completed your probation period at work and your employer is happy to enter into the agreement with us, you’re eligible.

Are there any conditions attached to leasing a second hand car?

Your chosen car cannot be older than 7 years at the end of the novated lease period. For example, if the car is 3 years old now, it can be leased for a maximum term of 4 years.

Where can I find out more about a Novated Lease?

To find out more about a Novated Lease, check out our tools and resources that are listed below:

Want to know more about novating a used car?

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Disclaimer: Income Tax savings are dependent on your taxable income and individual tax status. GST savings take into consideration your employers accounting methods and internal policies around GST, and passing on input tax credits.

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