Novated leasing for used cars
It's double trouble with Leaselab. We also offer no-hassle novated leases for pre-loved cars. Here's how it works.
Can I get a novated lease on a used car?
You sure can! Buying a car second-hand can save a ton of cash - but that’s just the beginning of the savings when you buy it using a novated lease.
People often assume that novated leases aren’t available to used car buyers. But that’s not true.
So, if you have your eye on a car that’s currently advertised, you can snap it up on a novated lease and access the benefits of that too. We’ll be happy to help.
What is a novated lease for used cars?
Novated leases are popular because they let you score your next car with so many additional benefits, like:
GST savings
You won’t pay GST on your car or its running costs.
Tax savings
You can save thousands on your tax bill because you’re paying for everything using pre-tax income.
Convenience
Including your running costs with your novated lease means you get one regular, predictable monthly deduction – no more bill shock.
With Leaselab, we help everyday Australians like you address the uncertainty and budgetary challenges associated with car ownership.
With all costs bundled and budgeted for in advance using pre-tax income, we help you enjoy smaller and smoother deductions with no surprises and bigger tax savings.
Tips for getting a used car on a novated lease
Here’s what you should keep in mind if you’re thinking about getting a used car with a novated lease. As a general guide, we always suggest:
Purchasing a quality second-hand vehicle
We suggest choosing a vehicle that still has some factory warranty remaining, so you have the added protection and peace of mind.
Purchasing through a dealership.
Purchasing through a dealership allows you to avoid paying GST. It also provides a little more protection for the buyer. But if your heart is set on a particular private sale car, that’s ok – you’ll still save tax on the car purchase and tax and GST on the car’s running costs.
Purchasing a vehicle that isn’t too old.
The general rule is that the vehicle cannot be more than 10 years old at the end of a lease. For example, you could put a car that’s five years old on a five year novated lease, but a seven year old car couldn’t exceed a three year novated lease.
Let us know if you need help. We’re here!
If you have questions, you can call us at any time on 1300 888 594 or send us a message
Used cars don’t offer you fleet pricing
That’s the biggest downside of buying a second-hand car.
If you buy a new car, you can save thousands off the recommended retail price since Leaselab has access to fleet pricing.
But even though a used car means you can’t benefit from fleet pricing, there’s still plenty of ways for you to save a considerable sum compared to buying the vehicle outright or taking out a car loan.
Hear us out: Given the savings you can get on a new car, it might be worth considering whether that’s a viable option for you. After all, a new car will have a full warranty and a stronger resale value. No pressure, obviously. We just want you to have all of the facts before making a decision.
Need some guidance on a novated lease for a used car?
If you have a particular used vehicle in mind but haven’t found it yet, we might be able to help. We offer independent, comprehensive insights from our years of experience finding the right novated lease package for people’s unique situations, and through our extensive network we can likely find the car you want. Give us a shot. We love to share our knowledge on novated leasing and are used vehicle specialists.
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Say goodbye to confusion and hello to a seamless novated car leasing experience
Want a no-hassle novated lease? Think Leaselab for your next car. Smaller tax bill. Bigger savings. No surprises.
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