Unlock the benefits of a novated lease with your existing car
With a sale and leaseback, you can unlock the cash tied up in your existing car and use it towards other expenses, such as reducing your home loan, taking a vacation or paying off your credit card.
You may have heard people talk about the benefits of a novated lease and the potential savings they can enjoy on income tax, GST and running costs.
Now you can take advantage of the same benefits with your existing car.
All expenses are wrapped up into regular payments
Enjoy tax savings
Novated leasing can reduce income tax
Save on running costs
Fuel and maintenance costs are GST-free
Convenient online account
All information is updated in real time and available 24/7
How it works
- Upon contacting SG Fleet, a dedicated consultant will work with you to agree on a price for your existing car.
- Subject to finance approval, we’ll pay you the agreed value and you can pay out any existing finance, with the remaining cash from any equity in the car to be used by you as you wish.
- You lease the car back through an arrangement with SG Fleet and your employer. We’ll provide a quote including all your finance and running costs to be deducted in one regular payment from your salary.
- At the end of the lease, you can decide to novate a new car, pay out the residual value, sell or re-finance.
If you’re ready to start enjoying the benefits of a novated lease on your existing car and save on income tax and running costs, speak to one of our experienced consultants now on 1800 743 262. Alternatively, complete the enquiry form and we’ll be in touch shortly to chat about your options.