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A common misconception of a novated lease is the belief that the car financed must be new.

If fact, one of our most frequently asked questions is "can I get a novated lease on a used car?"

Yes, you can!

How Does It Work?

Novated leasing with Remunerator is the most affordable way to drive your next car!

Remunerator customers can enjoy all the same benefits of a novated lease on a used car, including:

  • Save on the GST of the purchase price of the car (when purchased through a dealership);
  • Experience the same tax savings on your running costs as a new car novated lease;
  • Enjoy a reduction in the amount of income tax you pay.

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Are There Any Requirements for the Used Car?

There are a few things to consider when novating a used car. The used car you choose needs to be:

  • Under 200,000kms on the odometer at the beginning of the lease;
  • A maximum of 15 years old at the end of the lease.

There are some car models that are an exception to these rules. If you have a car in mind, our novated leasing experts are here to guide you through your options when novating a used car.

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Benefits of Novating a Used Car

A used car is a great way to drive your dream car at an affordable price! There are many benefits associated with leasing a used car including:

GST Savings

Pay no GST on the running costs of your used car! You will also save GST on the purchase price of your used car when purchased through a dealership.

Budget Friendly

All car related costs including car payments, registration, fuel, servicing and insurance, are bundled into one regular all-inclusive payment.

Income Tax Savings

A novated lease allows you to pay for your new car and it's running costs with pre-tax income. Reducing your taxable income and therefore the amount of tax you pay.

Drive With Peace of Mind

When purchasing your used car from a dealership, the dealer will most likely offer a dealer warranty on the car, allowing you to drive with peace of mind.

Reduced Depreciation

Buying a used car means that the bulk of the depreciation has been absorbed by the previous owner. As the car ages, it depreciates at a lower rate too.


Support

We understand that every customer is different. That's why we tailor our service for you.

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