Keep your business moving

Join hundreds of Australian businesses who choose flexible and affordable car subscription over the long term commitment of a traditional car leasing or novated leasing.

carbar offers more than just your standard business car subscription. Choose to subscribe to a fleet of vehicles or potentially pass tax-effective benefits to employees by salary sacrificing a novated car subscription.

We believe that the way you access cars should flex with your business needs.

Business subscription

What is a business car subscription?

In the past, many Australian business owners have turned to car leasing or long term rentals as the solution for their business needs.

Flexible car subscription services offer all the benefits of owning or leasing vehicles without the long term commitment.

For a fixed weekly subscription fee, members get full possession of a vehicle or fleet of vehicles inclusive of insurance, registration, servicing and roadside assistance.*

There’s no lock-in contracts or hidden costs. Stop or swap with two week’s notice.

* In certain circumstances we may need to swap your car (e.g. if there is a maintenance or other issue) – in which case we will, subject to availability, try to replace the car with an equivalent car. See Terms and conditions for more details.

What is a business subscription

What are the benefits of a business car subscription?

What are the benefits of a business car subscription

Minimise upfront costs

With a flexible car subscription service, you enjoy all the benefits of traditional car ownership for a fraction of the upfront costs with none of the stress, all while enjoying even greater flexibility than you’d get on a loan.

Improve fleet utilisation

The inflexibility of a business fleet also attracts its own indirect costs. Access all the best elements of owning a car without the hefty price tag, commitment and exit fees.

Free your balance sheet

Unlike car leases, business car subscriptions do not need to be recorded on the balance sheet*, giving you an advantage over your competitors when approaching investors.
* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

Car subscription vs lease vs long term rental

Ignore me

Exclusive use of car
Registration
Roadside Assist
Insurance
Range of vehicles
Maintenance
Car swap *
Delivery or pick up
Accident Management
No lock-in contract

Long Term Rental

 
 
 
 
 
 
 
 
 
 

Lease

 
 
 
 
 
 
 
 
 
 

Subscription

 
 
 
 
 
 
 
 
 
 

* In certain circumstances we may need to swap your car (e.g. if there is a maintenance or other issue) – in which case we will, subject to availability, try to replace the car with an equivalent car. See terms and conditions for more details.


"Joining carbar gave us a chance to sell our second-hand vehicle and pay for six to nine months worth of subscription. With that decision, we were able to completely avoid the initial outlay of a new vehicle and focus on our business."
Leah, Hair Salon Owner

Register your business

Register your business with us and a carbar representative will be in touch.
By clicking the "Submit" button you acknowledge that you have read and agree to abide by carbar's privacy policy and terms and conditions *

Frequently asked questions

car subscription for business

Car subscription presents a better way to get ‘maximum mileage’ out of a car.

Changes to accounting standards mean that any car loan is considered a non-deductible capital expense, car subscriptions sit purely as an operating expense, so if using carbar for Business, you could see an immediate benefit to your bottomline*.

A car subscription offers businesses a more affordable and flexible way of packaging the costs of car ownership, so you will have all the perks of car ownership without the admin and unexpected bills. You can stop or swap a car subscription with just two weeks notice. That’s less than most jobs, and certainly less taxing than leasing.

Read more about subscribing vs leasing here

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

AASB 16 – issued by the Australian Accounting Standards Board in February 2016 - defines new rules for how leases are to be treated during the accounting process, requiring most leases to be recorded on the balance sheet.

With a carbar car subscription, your business is able to keep its current vehicle fleet off the balance sheet and enjoy the associated tax benefits, while still providing your staff with the freedom to use vehicles for both business and personal purposes*.

Read more about AASB 16 here

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

There are pros and cons to subscribing to a car for business or personal use. Here are some things to consider:

If you subscribe to a car for business, you may be able to write off the cost of the subscription as a business expense. This may help reduce your taxable income, which could save you money in the long run*.

However, if you subscribe to a car for personal use, you may be able to use it for personal purposes as well as business purposes. This can save you time and money since you won’t have to swap cars when running personal errands.

Ultimately, the choice between subscribing to a car for business or personal use depends on your individual circumstances. If you are employed, self-employed or a business owner, it may be worthwhile speaking to your accountant to find out what’s right for you.

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

You can definitely salary sacrifice a car subscription.

In fact, it's a great way to save money on GST and your monthly car payments. When you salary sacrifice you pay for your car subscription through payroll using a combination of pre and post tax income. The amount you sacrifice will be determined by your employer and your personal circumstances*.

Read more about salary sacrifice here

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

There are a few reasons why a business car subscription may be cheaper than a personal car subscription.

A business is able to take advantage of certain tax benefits that an individual cannot. For example, a business may be able to write off the cost of the car subscription as a business expense, while an individual cannot. Businesses don't pay GST and they may also be able to claim the car as a business asset for tax purposes, while an individual is not able to.

You can be confident in knowing we’re proudly backed by Insurance Australia Group

IAG is the name behind some of the most trusted and respected insurance brands in the regions in which it operates. Its businesses have helped people recover from natural disasters, accidents and loss since 1851.

IAG’s businesses underwrite over $11billion of premium per annum, selling insurance under many leading brands including NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); and NZI, State, AMI and Lumley Insurance (New Zealand).

Standard & Poor’s has assigned a ‘Very Strong’ Insurer Financial Strength Rating of ‘AA-‘ to the Group’s core operating subsidiaries.

Backed by IAG