The effective rate we’ve measured for each provider, from real customer quotes, each calculated the same standardised way so the figures are comparable. We show providers we have a readable quote for. This is not a whole-of-market comparison, and not every provider or product is included.
CarBon shows a ‘Finance Rate’ on the quote — that’s helpful transparency. It’s a flat (nominal) rate rather than the effective reducing-balance rate, so the effective rate comes out higher than that headline figure. We calculate the effective rate so you can compare it like-for-like with everyone else.
Finance line: "Finance" line in Budgeted Running Costs (ex-GST) — not the "Lease payment" total or "Pre Tax" deduction
Residual: Principal = residual ex-GST ÷ residual% (typically matches ATO standard for the term).
RemServ doesn’t show an interest rate, so we calculate it. The effective rate varies quite a bit with the lease term, with shorter terms working out more expensive.
Finance line: "Finance" line, fortnightly
Residual: Principal = driveaway price as-is (no GST strip), same convention as Maxxia. Residual FV used inc-GST.
Driva doesn't always make the payment frequency obvious, so we read it carefully from each quote — monthly vs fortnightly changes the result a lot. The rates we've seen are competitive.
Finance line: "Lease Payment" from Budget Per Payroll table
Residual: Principal = residual ex-GST ÷ residual% (28.13% for 60mo standard).
One of the most upfront providers — the quote shows the amount financed, the interest rate and the residual, and that stated rate matches the real cost. Well tested.
Finance line: Monthly lease rental, as stated on quote ("payable as X payments")
Residual: Principal = Total Amount Financed (explicitly labelled). Residual ex-GST = inc-GST ÷ 1.1. Periods as stated on quote.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
NLA shows a full price breakdown but doesn't state an interest rate, so we calculate it. Well tested across several quotes.
Finance line: "Lease payment (fixed)" — finance only, frequency varies by quote (both fortnightly and monthly headers seen)
Residual: Principal = price ex-GST + stamp duty + rego/CTP, algebraically identical to residual ex-GST ÷ residual%. Confirmed to the cent on 3 quotes.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
easi. shows a ‘Finance Rate’ on the quote, which is helpful. It’s a nominal figure rather than the effective reducing-balance rate, so we also calculate the effective rate to give you a like-for-like comparison. Based on one quote so far.
Finance line: Ex-GST "Lease Payment" figure, fortnightly — same payment shown twice (ex/inc-GST), always use ex-GST
Residual: Principal = residual ex-GST ÷ residual%, confirmed to the cent against "Vehicle Amount Financed" label. PITFALL: a second "Total Amount Financed" figure on this provider's quotes does NOT reconcile and gives a wildly wrong rate — do not use it.
The Finance Rate on a FleetPartners quote is the real effective rate. Heads-up: on electric-vehicle quotes their template can mislabel the FBT method — that's a display bug, not an extra charge.
Finance line: "Vehicle Finance (monthly)" line, AS STATED including establishment fee — do not strip it
Residual: Principal = residual ex-GST ÷ stated residual%. Do NOT use "Amount Financed" directly — it is inflated with capitalised brokerage.
We’ve just added Salary Packaging Australia from a customer’s quote, so you’re seeing it early. The effective rate here is our real calculation — we’re simply completing our usual review of how they structure their quotes, and we’ll confirm it as more come in.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Smart Leasing usually discloses a comparison rate, and it lines up closely with what we calculate. On EV quotes the FBT label can look wrong, but nothing extra is actually charged.
Finance line: Monthly "Lease per month" figure — NOT the fortnightly display figure, these do not simply convert
Residual: TWO conditional conventions: (1) PREFERRED — if "Total Amount Financed" disclosed, use it + residual ex-GST (confirmed twice within ~0.1pp of disclosed rates). (2) FALLBACK — if only "FBT Base Value" available, use it + residual INC-GST instead. Periods = full lease term always, even with stated deferral.
Leasexpress shows the finance amount and residual clearly and the numbers line up exactly. No interest rate is shown, so we work it out.
Finance line: Monthly lease payments, as stated
Residual: Principal = "Vehicle finance amount" (explicitly labelled). Residual dollar figure shown IS already ex-GST.
Whipsmart shows a customer interest rate on the quote, which is helpful. Our calculated effective rate is close to it but not an exact match yet, so treat our figure as a close guide. Based on one quote so far.
Finance line: "Lease Payment" under "Rental" (fortnightly, ex-GST) — not "Pay Deduction (Pre-Tax)"
Residual: Principal = residual ex-GST ÷ residual% (fits better than "Total Amount Financed" directly, based on one quote).
We've just added this provider from a customer's quote, so you're seeing it early. The effective rate here is our real calculation — we're simply completing our usual review of how this provider structures its quotes, and we'll confirm it as more come in.
Finance line: Added automatically from a customer's uploaded quote — we're finishing our review of exactly how this provider structures its quotes.
Residual: Calculated with our standard method for now; we'll confirm this provider's specific residual convention as we see more of their quotes.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
We've just added this provider from a customer's quote, so you're seeing it early. The effective rate here is our real calculation — we're simply completing our usual review of how this provider structures its quotes, and we'll confirm it as more come in.
Finance line: Added automatically from a customer's uploaded quote — we're finishing our review of exactly how this provider structures its quotes.
Residual: Calculated with our standard method for now; we'll confirm this provider's specific residual convention as we see more of their quotes.
LeasePLUS discloses a genuine effective interest rate, and it matches what we calculate. Handles the EV FBT exemption correctly.
Finance line: Fortnightly figure as shown, converted internally to monthly (×26÷12) — do not convert yourself
Residual: Principal = "Financed amount" (explicitly labelled). Periods = FULL lease term in months — do NOT use the stated reduced payment count (e.g. "34 Payments" on a 36mo lease); confirmed this was wrong via a disclosed rate.
Oly doesn’t show an interest rate, so we calculate it. It tends to bundle more of the running costs into the financed amount, which lifts the effective rate — it’s among the higher we’ve seen so far.
Finance line: Not fully characterised — similar convention to RemServ assumed
Residual: Principal = driveaway price as-is (no GST strip), same convention as Maxxia/RemServ.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Flare's quote gives us what we need and the numbers check out cleanly. On EV quotes the FBT label can look wrong, but nothing extra is charged.
Finance line: "Finance" line in Budgeted Running Costs (excl GST)
Residual: Principal = "Vehicle cost" / "Flare Cars driveaway cost" (labelled), ALREADY ex-GST-equivalent — use as-is, do NOT divide by 1.1 again.
Fingo is very upfront — every figure is shown and they all cross-check exactly. Newer to our benchmarks but looks solid.
Finance line: "Finance Repayment (Fixed)" — any frequency shown, all cross-convert exactly
Residual: Principal = drive-away price minus GST savings (the "novated purchase price" shown on quote).
We've just added this provider from a customer's quote, so you're seeing it early. The effective rate here is our real calculation — we're simply completing our usual review of how this provider structures its quotes, and we'll confirm it as more come in.
Finance line: Added automatically from a customer's uploaded quote — we're finishing our review of exactly how this provider structures its quotes.
Residual: Calculated with our standard method for now; we'll confirm this provider's specific residual convention as we see more of their quotes.
We've just added this provider from a customer's quote, so you're seeing it early. The effective rate here is our real calculation — we're simply completing our usual review of how this provider structures its quotes, and we'll confirm it as more come in.
Finance line: Added automatically from a customer's uploaded quote — we're finishing our review of exactly how this provider structures its quotes.
Residual: Calculated with our standard method for now; we'll confirm this provider's specific residual convention as we see more of their quotes.
Alliance discloses a comparison rate that closely matches what we calculate, and the quote is unusually clear about what's included.
Finance line: "Finance" / "Finance total" line — NOT the "Lease total" figure which bundles running costs
Residual: Principal = "Total Amount Financed" (explicitly labelled), use as-is. Periods = "Total Number of Payroll Deductions" if stated (usually the FULL term, not reduced for deferral).
LeaseLab doesn't show an interest rate, so we calculate it from the finance line — not the big headline 'your cost' figure, which already includes tax savings. Checks out cleanly so far.
Finance line: "Lease" row, Budgeted Allowance (ex-GST) column — NOT the "Your Cost" column or page-1 headline figure (both are after-tax)
Residual: Principal = Drive Away Price − GST Saved on Vehicle Purchase, algebraically identical to residual ex-GST ÷ residual%. Confirmed to the cent.
Autopia doesn't show an interest rate, so we calculate it. The payment frequency varies from quote to quote, so we read it from each one. Based on the quotes we've checked it's around 10–11%.
Finance line: "Finance" line specifically — excludes maintenance/tyres/fuel/registration/insurance/management fee
Residual: Principal = residual ex-GST ÷ residual% — the better of two tested methods, but does NOT reconcile to the cent (small unexplained gap, likely an uncaptured capitalised fee).
Toyota's quote shows an interest rate and it reproduces the real cost exactly — one of the most trustworthy we've tested. Based on one quote so far.
Finance line: "Rent" line from package inclusions (excl GST)
Residual: Principal = "Amount financed" (explicitly labelled) — use as-is.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Auto-UX doesn't show an interest rate, so we calculate it. Based on a single quote so far — treat it as a rough guide.
Finance line: "Finance" line in My Package Inclusions — Fortnightly Budget column
Residual: No residual % shown — use on-road price divided by 1.1 as principal.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
The detailed Paywise quote shows a Finance Rate, and it's the genuine one. We can't fully re-check the underlying price from the customer copy alone, so treat it as a close guide.
Finance line: "Lease Payment" from Package Inclusions, per stated payroll cycle
Residual: Principal = customer's actual driveaway price (NOT the FBT value) — often not obtainable from the customer-facing quote alone. Residual FV used INC-GST (this is the one confirmed exception to the usual ex-GST convention).
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Maxxia doesn’t show an interest rate, so we always calculate it from the quote. The rates we’ve seen tend to sit toward the higher end of the market.
Finance line: Finance line from monthly inclusions table
Residual: Principal = Maxxia's negotiated driveaway price AS-IS — do NOT strip GST (÷1.1), this overstates the rate by ~4 percentage points.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
Effective rate calculated from the customer quote(s) we've analysed, using our standard reducing-balance method, the same way as every provider.
CBB is refreshingly clear — it labels the amount financed and the number of payments. It doesn't show an interest rate, so we calculate it.
Finance line: Monthly payment as stated ("34 monthly payments of $X")
Residual: Principal = "Amount Financed" (explicitly labelled). Residual % is 45.00% of Amount Financed — NOT the ATO standard 46.88% for 36mo.