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Lease or Buy

Competitive Rates. Clear Advice.

Car loans make ‘buying’ easy

Although most Australians prefer to buy their vehicles outright, not everyone can afford to do so. And that’s when the decision to lease or buy comes in.

With a car loan, you’ll take ownership of the vehicle at the time of purchase. You then make a set number of repayments over the term of the loan – usually three to five years. Once your loan is paid off, you own your car outright.

Leasing lets you use the vehicle ‐ not own it

When you lease a car, you’re paying for the use of the vehicle over a set term. Broadly speaking there are two main types of lease:

An operating lease is like a rental agreement. Once the lease term ends you hand over the vehicle and no longer make payments.

A finance lease allows you to buy the car at the end of the lease with a lump sum payment. Alternatively, you can choose to swap the lease to a new vehicle and continue making payments. Finance leases are popular in businesses because it’s a way of providing employees with cars without substantial upfront investments.

If it’s time to update your vehicle, MoneyQuest can help you every step of the way!

We work with many specialist car lenders ‐ and can recommend a range of flexible loan options for your next car, motorcycle, boat, van or equipment.

Novated Leases

Discover the benefits. Enjoy the freedom.

Salary packaging a vehicle through a novated lease is an ATO approved structure that offers many benefits to you as an employee.

With the right structure in place, a novated lease can offer many tax benefits – including lower income tax and no GST on the price of your vehicle or its running costs.

Say ‘yes’ to finding the right novated leases car loan today. Call 1300 886 100 to be connected with the MoneyQuest broker in your local area.