No, you can keep driving your car through the sale and leaseback process, we’ll manage all paperwork online so you don’t miss a beat.
The trade in funds cannot be used to reduce the lease principle.
We’ll bundle your lease payments, fuel, registration & CTP, insurance, roadside assistance, repairs & maintenance, tyres and crash management into one simple payment that is deducted from your salary.
Fleetcare will analyse your vehicle and work with you to determine vehicle suitability for a Sale & Leaseback agreement. Generally, vehicles cannot be older than 10 years at the end of the lease to be eligible, however we will assess this on a case-by-case basis.
If your vehicle is currently financed, we can arrange to payout the finance amount and then arrange your novated lease, all while you keep the vehicle in your possession. This way, you get access to the concessional tax benefits and ongoing savings on running costs. Just get in touch to ask us how.