Car Finance

Discussion in 'Money Management & Banking' started by alexm, 31st Jan, 2019.

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  1. alexm

    alexm Well-Known Member

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    Sydney
    Hi there,

    I was asked by a colleague today whether I knew of a reputable company to refinance their novated lease. I wasn't able to answer the question however it got me thinking who was out there that could do this?

    Thanks
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Heaps of lenders - we mainly use Westpac and Macquarie as they have an excellent express and medical policy but their standard loans and roll overs (which is what this is) is also good.
     
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  3. MRO

    MRO Well-Known Member

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    What kind of interest rate is being offered by Westpac and Macquarie on a novated lease?
     
  4. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Location:
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    Depends on a number of things such as if age of the vehicle, length of the loan term (3 years vs 5 years) and loan amount.

    Circa 5.50%-6.50%