Lender Insights

For a standard car using the commonly applied ATO eight-year effective-life methodology, the commonly used minimum residual percentages are 65.63% at 12 months, 56.25% at 24 months…

GST can make a novated lease quote difficult to reverse-engineer because the vehicle price, finance principal and end residual may be shown on different GST bases. Use the exact am…

Potentially. Some employer programs allow the nominated salary packaging administrator to keep managing payroll while the employee sources approved vehicle finance separately. The …

A novated lease quote can contain finance fees, salary-packaging administration charges and budgeted running costs. Separate these categories before comparing providers because a b…

Eligible electric cars can receive an FBT exemption under current Australian rules, materially changing the salary-packaging result. The exemption does not change the mathematical …

To compare novated lease quotes properly, first normalise the finance inputs: vehicle price, amount financed, term, residual, rental count/timing and fees. Then compare salary-pack…

BYO novated lease finance may be possible where the employer and salary packaging administrator accept separately arranged vehicle finance. Availability depends on their rules, doc…

Eligible electric cars can receive an FBT exemption under current Australian rules, materially changing the salary-packaging result. The exemption does not change the mathematical …

You cannot reliably derive a novated lease interest rate from total repayments divided by principal and years. A lease with a residual needs a discounted-cash-flow calculation usin…

A nominal lease term and the count of contractual finance rentals are separate inputs. A quote can show fewer monthly rentals than nominal months because of commencement or first-p…