Leasing and Loans FAQs
What if I drive my car for business purposes? I'm a casual employee - am I eligible for a novated lease? Can I have multiple fuel cards and if so, is there a cost involved? What if I have recently been declared bankrupt? Is there a minimum number of KMs I must drive each FBT year? Does Smartleasing do a credit check when assessing my finance application? What happens to my novated car lease if I leave my current employer? Can Smartleasing help me find my new car? How does a novated lease work? If I own my own car outright, can I turn it into a novated lease and take advantage of tax savings? How are the residual percentages decided upon for my lease? How long does finance approval take? How much can I save with a novated lease? Can I use my own funds or a trade-in to reduce the financed amount on a novated lease? Is there a limit on the age of a used car for a novated lease? If Smartleasing sources my car, can I still take it to my local dealer for servicing? Can I use my own comprehensive insurance or roadside assistance? Can I make additional repayments during the lease? Can I lease a privately owned car? What if I want to get out of my lease or upgrade my car? What happens at the end of my lease? If I own my car outright, can I turn it into a novated lease and take advantage of tax savings? How is a novated lease paid for? What am I able to claim during my lease, and what can’t I claim? Can I make modifications to my leased vehicle? How do I benefit from the GST saving? How long can I have a novated lease on my brand new car? Is the car registered in my name? What's included in the package when I lease a vehicle through Smartleasing? What happens if I lose my job during the lease period? Can I salary package a motorcycle? What if I exceed the budget allocation?
