5 min read
Choosing a lease provider
What to compare when evaluating Maxxia, SG Fleet, Smartleasing, and other providers.
Key comparison factors
Not all novated lease providers are equal. The interest rate is important but not the only factor — admin fees, running cost packaging, and end-of-lease support all affect your total cost of ownership.
- Interest rate: varies by provider, vehicle age, and credit profile
- Monthly admin fee: typically $10–$25/month for account management
- Running cost packaging: fully maintained vs finance-only
- End-of-lease support: refinancing, trade-in assistance, payout letters
- Digital tools: online account, quote tracking, deduction visibility
- Employer onboarding: some providers set up new employers at no cost
Getting multiple quotes
Always obtain at least two quotes before committing. Upload both PDFs to Novate to compare extracted figures side by side. Ask each provider to explain the pre-tax vs post-tax split and total cost over the full lease term including the residual.
Key takeaways
- Compare total cost, not just monthly deduction
- Fully maintained vs finance-only makes a big difference
- Get at least two quotes before signing
- Upload PDFs to Novate for instant comparison
This content is for educational purposes only and does not constitute financial or tax advice. Verify details with the ATO, your employer, and your novated lease provider.