Trying to work out how much a lease will cost? Use our easy to use calculator which calculate the repayments and total interest payable over the life of the lease.
Things to consider before getting a lease
- Does it make sense to get a lease: just because you can get a lease, doesn’t mean you should. Consider other options including financing a purchase, paying cash or purchasing a cheaper vehicle which won’t require finance
- Can you afford the repayments: Calculate the total cost of leasing prior to signing up. You can use a lease calculator such as ours to get a picture of the cost of a lease at various price points to help weigh up your options
- Compare what the lease includes: do you have to pay for any maintenance, can you choose a local mechanic or do you have to go to a specific workshop which may be inconvenient to you?
- Balance the tax implications: If this is for business or work related purposes look into the full impact from a tax perspective. You should speak with your accountant so you can find out how Fringe Benefits Tax (FBT) and any tax related calculations.
Do you need assistance with finding out how much a lease would cost? Speak with a broker today.
Disclaimer: The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.