Esanda Novated Lease
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Moneybuddy says
A novated lease lets an employer receive a car as part of a salary package. Basically, the employee chooses and car then forfeits all rights and obligations to the employer - who then meets the repayments. If the employee changes jobs, they take the car with them. The minimum loan is $**,*** and must be paid between * - * years. Repayment options are very flexible, as are the repayment methods.
The Basics
Car type New
Security Secured
Car loan type Novated Lease
Start rate p.a. -
Interest -
Max. loan -
The cool stuff: features
Loan insurance available? No
Repayment schedule Weekly
Online application No
Redraw facility No
Early repayment allowed No
Additional repayments allowed No
The Facts & Figures
Comparison rate p.a. -
Min. loan -
Min. term -
Max. term -
The ugly stuff: fees
Signup fee -
Exit fee -
Monthly fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Pros
- Flexible repayments
- Varied repayment methods
Cons
- Expensive application fee
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