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What’s the most cost effective way to buy a car?

Have you ever wondered how novated leasing compares to other types of car finance? This table allows you to easily compare a Fleet Network novated lease including your vehicles’ running costs against a traditional car loan, paying cash, or borrowing against your home loan. A novated lease comes out on top as the simplest and most cost-effective way of buying a car.

car loan
mortgage
cash

novated lease

Mazda CX-5 GT Purchase Price
$48,485
$48,485
$48,485

$45,231

Cost of Finance Over 5 Years
$61,800
$53,940
N/A

Included

Running Costs
$29,727
$29,727
$29,727

Included

Novated Lease
$0
$0
$0

$73,415

Total Cost Over 5 Years
$91,527
$83,667
$78,212

$73,415

Borrowing against your mortgage – warning.

If you borrow against your mortgage to finance a car, you need to be aware of the consequences across the life of your loan. You will end up paying significantly more interest over the 30-year term.

Testimonials

Extremely professional!

Mitch and Helena are both a pleasure to deal with and were always happy to help with my enquirers. I have dealt with other leasing companies over the years but none of them were as professional and helpful as these two guys. I can’t speak highly enough of them, an asset to the business. Thanks guys, great work.

John Rekia
WA Police

The service has been outstanding

From my first enquiry to the delivery of my new car, the service has been outstanding. I would highly recommend Fleet Network to anyone considering salary packaging.

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