Finance Guides & Lender Insights

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…

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…

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…

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…

The contractual lease rental and payroll deduction are different layers of a novated lease. Payroll may use a different frequency and can include running-cost budgets, administrati…

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…

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

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…

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…

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…