Re: Novated Leasing - Your Thoughts?
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My thoughts.
The interest rate they charge you for the underlying loan is inflated.
Everything is GST free, immediate saving of 10% on petrol, servicing etc.
When FBT went down the more km's you drove it was definitely worth it.
Now it's a flat 20% I'm not sure the higher interest rate of the underlying finance outweighs the savings by as much.
If you want to break the lease early for some reason it costs you an absolute packet of money!
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Previous Rides
Bionic BA MKII XR6T 245kW I6 Turbo, 6spd Manual
Grey (yuk what was I thinking) AH Astra CDX Coupe 93kW NA I4, 5spd Manual
Sensation FG XR8 290kW NA V8, 6spd Automatic
Current Rides
Octane GTF SC V8, 6spd Manual, Manta 3" X pipes and hotdogs
Starlight Lotus Evora S 258kW SC V6, 6spd Manual
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