Does the car you lease have to be brand new?

So, you’re keen to get into your next car with a novated lease but the car you’ve fallen in love with is a second hand car. No problem. At Fleet Network we offer novated leases for new and second hand cars.

Why consider a used car for your novated lease? With the cost of living on the rise in Australia, a second-hand vehicle presents an opportunity to save even more on your next vehicle by novated lease. Global supply chain delays have affected the availability of new vehicle imports and opting for a used car may increase your chances in finding your dream car faster.
Choosing a second-hand car is an affordable and sustainable alternative to a new car you won’t have to worry about global supply chain delays that have affected the availability of new vehicle imports.

In terms of novated leasing a new or second-hand model, there are very few differences between the two. The process for securing the lease is the same, but there are some requirements you need to consider for a used car lease.

Firstly, the age of the vehicle and the term of lease need to be considered. Your second-hand car needs to be less than 12 years old at the end of your lease term. So, for example, if you want to lease a car that is 8 years old at the time of leasing, the maximum lease term would then be 4 years.
Secondly, before signing up for a used car novated lease, it is recommended that the vehicle undergoes a mechanical inspection. We can book this in for you or you can arrange it yourself.

Beyond these factors, there are several other benefits to a used car novated lease, such as more leasing options and flexibility. Fleet Network can provide you with different options throughout your lease term. Whether you want to purchase, sell, or refinance at the end of the lease, the choice is yours. We also have salary packaging options available for second-hand cars. By salary packaging, you won’t need to pay GST on your car’s purchase price or running costs.

Last but not least, all running costs are covered. Fuel, insurance, servicing, tyres and registration are all budgeted for and included in your lease payments, giving you peace of mind that no unexpected bills will come your way.

Securing a used car novated lease is simple with Fleet Network.

  1. Contact the Fleet Network team and let us know what you’re looking for.
  2. We’ll help source your dream car through our Australia-wide dealership network.
  3. One of our consultants will personally check the used vehicle on your behalf, to ensure everything is up to scratch.
  4. We’ll then send the car off for an independent mechanical inspection. If it doesn’t meet the required standards, we’ll cover the cost for the inspection.
  5. For your peace of mine, Fleet Network will provide a 3-year warranty on any used car novated lease.

Take our novated lease savings calculator for a spin to find out how much more you could be saving with a Fleet Network used car novated lease.

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