1300 Car Lease

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What is a sale and lease back?

A sale and lease back agreement involves the finance provider buying the client's existing fleet of owned vehicle(s) at a fair market value. These vehicle(s) are then leased or hired back to the client on a finance lease, novated lease or commercial hire purchase for an agreed term.

Basic requirements for a sale and lease back?

• Finance lease - motor vehicle must have been purchased within the last 3-6 months
• Novated lease - no restriction on when the car was purchased, can do a sale and lease back at any time
• Commercial hire purchase - motor vehicle must have been purchased within the last 3-6 months

Residual and terms

The finance lease residual is the amount that will need to be paid to the finance provider at the end of a finance lease. Finance lease residuals are set by the Australian Taxation Office (ATO).

Click here for a detailed summary of all residual values and balloon structures. Car Lease Residuals

What are the benefits of a novated lease?

• sale and lease back terms range from 12 to 60 months
• A tax deduction is available if used for business use
• The Interest Rate is fixed for the term of the sale and lease back agreement
• Sale and lease back repayments are fixed for the term
• Lower interest rates due to the vehicle lease being secured against the vehicle
• Subject to credit approval, we will finance 100% of the purchase price
• Free up the equity in your motor vehicle
• We can have you in your new car within 24-48 hours
• You will receive great hands on personalised service from an experienced car leasing consultant

Scenario

OK - So you're at an auction, you haven't arranged the car finance yet. You've just found the perfect car at a really good price. The auctioneer demands you pay on the fall of the hammer. So what do you do? You don't want to miss out on the bargain of the century!

Buy the car using your own savings. Apply within 3 months and 1300 car lease will organise finance for the car and reimburse your savings by setting up a new car loan for you. All you need is copies of receipts or invoices of the purchase, on top of the normal lending criteria.

Are there any other options?

If you are thinking about doing a sale and car lease, you may also want to consider a Finance Lease, Commercial Hire Purchase or Chattel Mortgage as other car leasing options.

Need further information?

Either complete our friendly enquiry form and we will call you shortly or call the number 1300 Car Lease (1300 227 532) and talk to an experienced car leasing consultant today.

Enquiry Form