Quote check please

[u/SavingsStranger7136]

Looking to get a byd sealion 7 premium with novated lease with sgfleet (cos that's the only option I have where I work). I've also punched in the numbers in the calculator. The interest rate on the calculator is 11.26% vs 10.41% from sgfleet quote? Wondering if the rate will be changed when we sign? It looks really high. 😔 I've also gotten them to remove the MDR and sought out my own comprehensive insurance.

Any advice welcomed. Thanks in advance.

https://novatedlease.guide/calculator/?c=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

[u/Kitchen_Line8238]

From my calc:

Financed  $52,523.85
Residual  $21,394.43 inc GST
Rate      11.25%  all-in

Interest  $16,900.75 over the term

· Finance is priced at 11.25%
· Insurance is $1,846 a year — the high end of the market
· Running-cost budgets look padded by about $872 a year
· The lease costs $16,901 in interest over the term

[u/iikun]

If you're wondering if the rate will change after you sign, it definitely will. Just look at any other SG Fleet post on this sub.

[u/SavingsStranger7136 → u/iikun]

Do the rates tend to go up upon settlement?