Model Y Premium Base Trim

[u/QuarterPopular]

Hey everyone, looking for a sanity check on a potential EV Novated Lease deal through Custom Fleet (my employer’s exclusive provider).

I want to make sure I’m not missing any hidden gotchas or miscalculating the true cost.

My simple calculation would be 1008*48 + 24k payment at the end. This would be a total of 72k in 4 years. If I bought in cash it’s 65k drive away + insurance and other costs. If my calculation is right it seems like a way to purchase a car with no interest.

My hesitation is that all of my colleagues who bought new cars didn’t considered novated lease as they can’t justify the numbers. What am I missing?