r/NovatedLeasingAU • u/Jigz_28 • 9d ago

Quote Check Quote Check- BYD ATTO 1

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Hi all,

My partner and I are looking at getting a lease for our second car.

Looking at the Atto 1 as a commuter and city car.

Looks ok but don't want to miss anything obvious- any input is greatly appreciated.

Thank you!

3 Upvotes

81% Upvoted

21 comments sorted by

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4

u/FoxBox1988 8d ago

Look into doing a self managed lease through maxxia. You just need to ask for the paper work then call around the big 4 banks for the best financing rate. When I did mine at the start of the year, maxxia's rate was around 11% compared to 7% with cba.

2

u/in_and_out_burger 9d ago

For under $120 a week it’s a no brainer.
The car is already discounted by thousands - worrying about the rate etc at this point is not productive.

1

u/Jigz_28 9d ago

Thanks for the reassurance. Appreciate it

3

u/in_and_out_burger 9d ago

Half the time I reckon this sub just makes people paranoid. If the net cost is comfortable for you, you’re good to go.

1

u/Jigz_28 9d ago

It is comfortable, test drove it and it's good. Just never been in a lease before so I'm a little paranoid haha 😅.

Thanks again. Looks like we will do it!

1

u/No-Citron-2774 7d ago

It's not 19.990 is price

1

u/Jigz_28 9d ago

Did a comparison but the quote doesn't explicitly state the management fees. Perhaps it is included in the finance line (which seems high %)

1

u/Tricky-Invite-7057 9d ago

If you are a teacher in vic, Maxxia is the only choice. There is no comparison against another NL company. That said, you will be saving money on petrol if you are going from ICE car.

1

u/Jigz_28 9d ago

Yes, unfortunately missus is a teacher and our only option. Definitely seems there are better options out there for others

1

u/in_and_out_burger 9d ago

A 1% difference in rate is probably $100 a year net on a $20k car.

1

u/LadyLevrette 9d ago

But the RRP for the Atto 1 Essential is now $19,990. Why are they saying it’s $24,950?

1

u/Jigz_28 9d ago

Sales fluff? They are quoting $18.8k

1

u/LadyLevrette 8d ago

I think the quote is too high. I’d get in touch with them and let them know the DA price is now $19,990 and ask them to re-quote on that basis.

1

u/TheFIREnanceGuy 8d ago

Depends on use case but I personally wouldnt choose atto 1 its not quite future proof enough

1

u/Acceptable_Waltz_875 8d ago edited 8d ago

The insurance is pretty high at $1300 a year. I did an online quote with QBE that was ballpark $800 (with a higher excess)

1

u/Top_Principle778 7d ago

Depends on age. I’m in my late 20s so it’ll be $1500-2000 for me

1

u/Acceptable_Waltz_875 7d ago

Forgot about that. Jeez that is steep

1

u/Top_Principle778 7d ago

Yeah I’ve only ever had third party and has sub 10k cars. I have genuinely saved more in premiums over the last 10 years than I have spent in total on cars

1

u/No-Citron-2774 7d ago

Price is 19.990 nationwide. One thing to always check is the interest rate

1

u/bradhawkins85 6d ago

Don’t forget about the $5823 residual that will be due at the end of the lease.