How does AutoTender work?
Just enter your tender details and our network of dealers will fight it out to offer you their best price and deal. Then, simply choose which one’s right for you, and you’re done. AutoTender delivers the best prices on the widest range of cars, all from a car company you can actually trust.
What’s a reverse auction?
In a reverse auction, the role of the seller and buyer are reversed. In a flip of the usual roles, the sellers compete to win the business from a buyer, and prices go down as the sellers underbid each other.
How many dealers do you have in your system?
AutoTender has over 133 dealers nationwide on its books, which means there’s always going to be hot competition for your business. This way, you know you’re going to get the best deal.
What happens when I get an offer I like?
Once you have received a bid you like, you simply get in contact with the dealer to do the deal. You go direct to them, so it’s simple and straightforward.
Do I have to have finance ready before I use AutoTender?
No. You arrange finance once you have the deal in hand. AutoTender can help arrange this for you – talk to us today about Novated Leases and Salary Packaging.
What is a Novated Lease?
A novated lease is a financial agreement between you, your employer and the Finance company used to finance the car purchase. The finance company lends you money to purchase your car, and your employer arranges to have your regular lease repayments deducted directly from your pay. Your running costs and part of the lease payments are deducted from your pre-tax salary and this reduces your taxable income, saving you money. It’s all about you paying less tax.
Who Can Get a Novated Lease?
If you’re employed and earning a salary, and if your employer offers salary sacrificing, you should be eligible for a novated lease.
What happens if I leave my employer?
The novated lease agreement will end with your current employer. But the finance lease between you and your finance company can remain intact. You just keep making the lease payments. But of course this means you can’t package any of the repayments or gain any tax benefits. If you wish to finalize your lease contract early, you have to contact the finance company to talk about finalising any amount owing on the vehicle.
What if I want to get out of my lease early?
You can pay out your lease early but you need to check and get a payout figure to see if the remaining balance is in line with the market value of your car. We would recommend getting to the 75% point of your lease before breaking it early.
What happens when my lease expires?
When your lease comes to its end, you can purchase the vehicle, and you’ll need to pay out any residual value, arrears or overdue interest. Or, if you wish to purchase the car, you can refinance it for a new term. Another option is to replace the car with another, and take out a new agreement.
What is residual value?
This is the amount left owing on the vehicle at the end of the lease term. This is a fixed amount that is set at the start of the lease. Residuals help to keep monthly repayments down.
What’s included in a novated lease?
A non-maintained novated lease includes simply your repayments and any FBT. A fully maintained lease can include the costs of servicing, maintenance, tyres, petrol, rego and roadside care.
Can I Get A Novated Lease On A Used Car?
Yes, as long as the car is no older than 8 years of age at the end of the lease.