You can start a new novated lease with us for your next car. This is the ideal option if you want to change models, update to the latest auto-tech, or maybe even switch to an electric vehicle. Here’s what you need to consider:

If you plan to sell your existing car:

We can provide information and advice on the various options available to you – trade-in, private sale, or  sell your car with SG Fleet's TradeAdvantage – and how the sale will work with our end of lease process.

If you plan to keep your existing car:

Did you know you can have more than one novated lease and enjoy the tax benefits and convenience on all of them? You could get a new lease and extend your current lease – and you don’t even need to be the driver! This can be a great idea if you need a car for a family member.

Start planning as early as you can as new car availability can cause delays.

You can extend the lease on your current vehicle and continue to save. You can extend your current lease, so long as it meets the used car criteria.

Timing

If you decide you’d like to extend your current lease, you can let us know anytime from 3 months before your scheduled end date. We will arrange a quote for you to approve, and organise the refinance so everything is ready to go.

Check your budgets

Talk to us to understand your vehicle usage and how it may have changed. This helps us to set the right budgets for your lease extension.

Maybe you want to payout your current lease with us before you start your new novated lease. Don't forget that if you payout your lease and retain the car, you will be missing out on the convenience and savings that come with an SG Fleet managed vehicle.

If you wish to forgo the convenience and savings that come with an SG Fleet managed vehicle, there are several steps we'll walk you through.

Transferring ownership

• Payment
• Settlement
• Security
• Registration, insurance & roadside assistance

Two things to note:

1. GST will apply to the Residual Value or the Early Termination Price of your car.
2. Any surplus funds from your operating budgets cannot be used towards the payout amount. They must be treated separately for tax purposes.