Lender Insights

Changing jobs can interrupt the employer novation and payroll arrangement even though the underlying vehicle finance obligation continues under the contract. Contact the salary pac…

A novated lease and car loan should not be compared on interest rate alone. A novated lease adds employer salary packaging, tax treatment, a residual and provider administration; a…

The nominal annual lease rate and effective annual rate are not the same. The nominal rate annualises the periodic finance rate without compounding; the effective annual rate refle…

Before accepting a novated lease quote, ask for the exact amount financed, nominal finance rate, contractual rental count/timing, residual including GST, finance and packaging fees…

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 self-managed novated lease commonly separates vehicle finance and/or vehicle sourcing from the employer’s salary packaging administrator. It still requires employer participation…

An ATO payment plan does not automatically prevent a business loan approval. Lenders may still assess the outstanding tax balance, payment-plan conduct, current lodgements, new tax…

ATO business tax debt is not automatically disclosed to a credit reporting bureau. The ATO may disclose eligible business tax debt where statutory criteria are met, including at le…

No. ATO general interest charge and shortfall interest charge incurred on or after 1 July 2025 are not deductible. Interest on separate business borrowing used to pay tax may have …

Compare total dollars paid and monthly cash flow, not only the headline rates. ATO GIC is 11.43% p.a. for July to September 2026 and is not deductible when incurred from 1 July 202…