Car subscription services for small business
Running a small business can be tricky. There are many costs involved and that's before you even consider things like your car.
A car costs money every day, every kilometre. And for a small business, car finance or leasing, balloon payments and the running costs associated with them can be taxing.
At carbar, we have cars for small business owners and their teams. For a weekly subscription fee, carbar can help you take care of all the key costs associated with car ownership, excluding tolls, fuel and infringements.*
* Terms and conditions apply.
How does a small business car subscription work?
Are you a small business owner looking at car subscription? Simply add your company name when you order online and enjoy all the benefits of car subscription services for your business.
03.
Pick it up or accept delivery
We can arrange free delivery of local cars if you’re within 50kms of Sydney, Brisbane or Melbourne CBD^.
04.
Stop or swap anytime
Just give us 2 weeks notice to swap or stop your car subscription.
Take the hassle, stress and uncertainty out of having a car.
^ 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. Terms and conditions apply.
Business benefits of car subscription services
Available with no lock-in contracts on competitive weekly fees, car subscription is an affordable alternative to car leasing and traditional car ownership.
Under current accounting standards, specifically AASB 16, businesses have to include the costs of use of the leased asset and the associated benefits on its balance sheet.
A car subscription service can be kept off your balance sheet and provide an affordable, lower-touch way to build a working fleet, while still providing your team with cars for business and personal use.*
* 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.
Flexibility to stop or swap
Car subscriptions offer an alternative that fits your business as it is today, with the ability to make changes later to ensure it stays relevant to how and where you operate.
Hassle-free convenience
Keep your focus on your business and your car costs off your balance sheet. Let us help take care of all the admin and risks associated with car ownership.
Complete peace of mind
At carbar, we’ve got you covered with 24/7 roadside assistance and options for loan cars to keep your business and team mobile.
Take the hassle and financial burden out of car ownership
"Cars are instrumental to our business. We can’t travel between premises without them. This creates an issue, as to scale, we either need to take on more debt through leasing or spend capital on purchasing cars. carbar, and the flexibility of car subscriptions, has basically solved this problem for us, allowing us to scale our car use directly in line with our growth. It’s also allowed us to move our entire fleet off our balance sheet."
Ash, CEO and founder, Propper
Start your small business car subscription journey here
It takes a few seconds and costs nothing to join.
Compare cars, find out more and have the option to start a flexible car subscription.
By clicking "Join now for free", you acknowledge that you have read and agree to carbar’s terms & conditions and privacy policy.
Frequently asked questions
on car subscription for small business
AASB 16 is the Australian Accounting Standard Board's standard on leases. It sets out the requirements for lessees (organisations that lease assets) and lessors (organisations that lease assets to others).
The main aim of AASB 16 is to make sure that lessees and lessors recognise and report lease transactions in a consistent way. This helps investors, lenders, and other users of financial statements to better understand a company's leasing activities.
A car subscription service is not a lease, so it can be kept off your balance sheet providing an affordable and reliable alternative to a traditional car lease.*
* 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 is no denying that having a car can be a business necessity. After all, there are clients to meet, products to transport, and errands to run. But is it worth subscribing to a car for your business?
You bet it is!
Subscribing to a car means that you don't have to worry about upkeep or repairs. You can also choose from a variety of cars depending on your needs - sedans for client meetings, SUVs for hauling products, etc. And of course, there’s the convenience factor - you always have a car available when you need it without having to hassle with ride-sharing apps or public transport.
You can forget the stress of lock in contracts and stop or swap with just 2 weeks notice. There are no hidden costs or hefty servicing fees. And it can actually be beneficial to your end of year accounting.*
* 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 could certainly subscribe to an electric car for your business.
In fact, many businesses are making the switch to electric cars, or EVs in order to reduce their carbon footprint and save on the rising prices of fuel.
With a car subscription, you will enjoy all the benefits of traditional car ownership without the hassle of owning one. You can choose the type of car you want and switch cars as you need (with 2 weeks notice, of course).
Car subscription also allows small businesses to have access to a fleet of cars without having to own them which is a great option for businesses that need access to multiple cars on a short-term basis or want to avoid the hassle and expense of owning and maintaining a fleet of cars.
If you’re self-employed, there is no reason why you can’t get a car subscription. In fact, there are plenty of reasons why you should consider signing up for a car subscription.
First of all, with a car subscription you won't have to worry about paying for insurance, registration or maintenance. Plus, you can stop or swap to a new ride whenever you need, just give 2 weeks notice and you can switch cars.*
Secondly, a car subscription is a great way to improve your business productivity. With a reliable set of wheels at your disposal, you’ll never have to miss an important meeting or client call again. Just jump in your car and go.
* Terms and conditions apply.
There are a few key differences between leasing a car or subscribing to one for your small business.
First, with a car subscription, you’re typically signing up to a flexible, potentially shorter term agreement than you would with a traditional, longer term lease. This means you can easily change vehicles to suit business needs versus commit to any one vehicle for the long haul.
Second, your weekly payment with a subscription includes running and operating costs for a fixed cost^ - fuel cards are also available. You can stop your subscription with 2 weeks notice, so you don't have to be locked into years of repayments.
And finally, with a car subscription you don’t have to worry about ongoing maintenance costs. Some of these costs can cause quite a hit on your small business, so a consistent weekly subscription fee is much easier to include in your budget.
^ Excludes tolls tolls and infringements. Terms and conditions apply.
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