Discover a Sale & Leaseback
With a novated lease you could be saving thousands of dollars a year. Not just that, at Inside Edge, we find your perfect car, so you don’t have to.
Sale & Leaseback
Explore how a sale and leaseback can offer cash now while you stay on the road.
Release Equity
Leverage your car's equity to unlock cash.
Gain Cash
Sell your vehicle to receive a cash injection.
Keep driving your car
Start a lease to continue using your car.
What is a Sale and Leaseback?
If you own a car that’s less than ten years old, you could be benefiting from the value of your car in cash. A sale and leaseback occurs when you sell your car to a lender who then leases it back to you. It’s a way to gain a novated lease with the car you already own. Essentially it means you release the equity in your car and can put that cash towards things you need now.
How does it work?
- 1You sell your car to a lender at an agreed price. If your car is being paid off, then they’ll pay for your existing finance agreement.
- 2The lender then leases the car back to you through a novated lease agreement, allowing you to continue using the car while making lease payments.
- 3You can use the cash from the sale for other purposes, such as paying off debt, investing, or covering expenses.
Gain tax benefits
Beyond receiving a potentially much-needed cash injection, a sale and leaseback offers the tax benefits of a novated lease.
Lease payments are made from your pre-tax income paid by your employer. This means you have a lower taxable salary and, therefore, pay less tax.
Who Qualifies?
You could be a good fit for a sale and leaseback if:
- You currently own a car (even if you’re paying it off)
- Your car is less than 10 years old
- You require cash in your back pocket
- You’re currently an employee with a pay-as-you-go salary
What happens when the lease ends?
When your car lease comes to an end, you can either:
- Pay the balance difference and buy it back
- Trade your current car with a new car and begin a new novated lease
- Sell the car and keep any profits
