Where the cost actually hides
Two quotes can look similar and cost very differently, because the fee is usually inside the interest rate. A great-looking rate can carry a fat commission you never see. That is why the cheapest-looking quote is often not the cheapest.
How to find real value
- Compare the effective rate, not the headline rate
- Ask for the fee in dollars, not a percentage
- Check the amount financed and the weekly cost
- Prefer a flat fee on a higher-priced car or an EV
Our approach: one flat $1,500 fee and the true effective rate shown, so you can see the value rather than take our word for it.
Compare us in a minute
Put your numbers into the calculator and you will see the weekly cost, the effective rate and every fee. Take that to any other provider and compare like for like. That is the fair way to find the best value novated lease.
Common questions
Who has the cheapest novated lease?
There is no single cheapest for everyone; it depends on your salary, the car and your running costs. The honest way to compare is the effective rate plus the fees in dollars. A provider with a low headline rate but a big hidden commission can cost you more than one with a flat fee and a shown rate.
How do I compare novated lease costs fairly?
Get each provider to show you the effective interest rate and their fee in dollars, then compare the amount financed and the weekly cost. If they will not show the effective rate, you cannot compare properly.
Why is a flat fee better value?
A percentage-based or rate-baked commission grows with the price of your car. A flat $1,500 fee does not. On a mid-to-higher priced car, especially an EV, a flat fee is usually the better deal.