“Car lease” is one of the most searched phrases in Australian vehicle finance and one of the least precise. It is used for a salary-packaged novated lease, for a business finance lease, for a fleet-style operating lease, and for consumer leasing products that are closer to long-term rental than to finance. Each of those is...
Blog
Dealer Finance Explained: How Car Dealer Finance Works and What to Compare Before You Accept It
Dealer finance is car finance arranged through the dealership you are buying the car from. It is often quick, it is offered at the moment you have decided on the car, and for many buyers it is the first — sometimes the only — finance offer they see. None of that makes it good or...
Car Loan Interest Rates in Australia: What Sets Your Rate and How to Read One
The interest rate you are offered on a car loan is not a single number that applies to everyone. It is the outcome of a set of decisions the lender makes about the loan, the vehicle and you — and most of those decisions are visible before you apply, if you know what to look...
What Is a Comparison Rate?
A comparison rate folds the interest rate and most fees into one figure. Why car loans use the $30,000 over 5 years example, and what it leaves out.
No Deposit Car Loans in Australia: Who Lenders Consider and What It Costs Over the Term
Quick answer: a “no deposit” car loan simply means the lender is asked to finance the full purchase price rather than part of it. It is not a separate product with its own rules — it is a normal secured or unsecured car loan at a higher loan-to-value ratio, and some lenders may consider applications...
Motorhome Finance in Australia
How motorhome finance works in Australia: structures, deposits, balloon payments, what lenders check, and how a motorhome differs from a campervan or camper trailer.
Novated Lease on a Used Car
Yes — you can put a used car on a novated lease in Australia. It is more common than most people expect, and for a well-chosen three-to-five-year-old car it can work out better than novating something new. What changes is not the tax treatment but the eligibility: financiers care about how old the car will...
Novated Lease Residual Value & End-of-Term Options
Quick answer. The residual value is the amount still owing on your novated lease when the term ends. It isn’t picked at random: the ATO publishes a table of minimum residual values in Taxation Determination TD 93/142, and for a car — assessed on an eight-year effective life — a three-year lease sits at 46.88%...
Chattel Mortgage vs Novated Lease: Which One Fits Your Situation?
Short answer These two are often compared, but they are really answers to different questions. A chattel mortgage is a business purchase. Your business buys the vehicle, owns it from day one, and borrows against it. A novated lease is an employment arrangement. You, your employer and a lease provider enter a three-way agreement, and...