When stock is low and times are tight a popular option is to look at leasing second-hand or ex-lease cars for sale, aka second-time-around leasing.
There are many reasons for the popularity of Driveline’s second-time-around leasing product, but here are 3 big ones:
1. Stock Availability
The collapse of new vehicle imports (down -25% on last year) on the one hand, and stronger enquiry levels resulting in more orders into the dealer network on the other hand, has created a perfect 1-2 sucker punch on stock levels.
Many of our clients’ 1st-choice vehicles are out-of-stock until early-mid 2025! 🤯
We don’t have that problem with second hand and ex-lease cars for sale. Not only can you fill your boots, you can save money both on the purchase cost and FBT too.
2. Cash is King
When times are tight it’s important for businesses to preserve capital. During times like this, cash reigns supreme.
But the need for business vehicles doesn’t go away. Businesses currently leasing a vehicle that has reached end-of-term might choose to enter into a new “second-time-around lease” on the same vehicle. This buys another 1-4 years with the same vehicle.
An added bonus is that FBT costs are reduced, because FBT is tied to the value of the vehicle at the beginning of the lease.
Businesses might also have an older vehicle that needs to be replaced rather than retained for a longer period, but not want to commit to a new vehicle.
Choosing the second-time-around leasing option keeps your precious capital in the bank and minimises your FBT costs.
3. Vehicles for Junior and Mid-Tier Roles
It’s not a good look when a new employee in a junior or mid-tier role gets a new car while your more senior employee is driving a 3-year-old one.
In better economic conditions you might just lease a new vehicle for your senior person and rotate their old one down to the new person.
But an increasingly popular option is to lease one of the many ex-lease cars for sale.
If you’d like to get a feel for what’s available, we currently have 85 second hand and ex-lease cars for sale listed on our Ex-Lease & Used page. All available on a second-time-around leasing package.
Going for the second-time-around leasing option is a great way to overcome new vehicle out-of-stocks, keep your precious capital in the bank, and reduce your FBT costs.
New or Used, Get In Touch
Whether it’s a new or ex-lease vehicle you want, give us a call and tell us what you need. We’ll scour the country to find the right vehicle and set you up with an affordable monthly payment plan.
Nissan Magician
Nissan seem to have pulled a rabbit out of the hat because they have weathered the stock-availability storm better than most, with good stock across a range of popular models.
We are fortunate to be able to offer discounted monthly payment plans on all Nissan Navara 2.3 SL 4WD Double Cab Auto and Nissan X-Trail ST-L 7-seater 4×4 Auto registered by 31 December 2024.
