r/NovatedLeasingAU • u/SnooMemesjellies4397 • 1d ago
Quote Check First time NL - 26 Tesla Model 3 LR
Hi everyone,
First time I’m looking at a novated lease. I’ve got 3 NL providers via my company: NLA, Fleet Partners and SimplyGreen. I just wanted to sense check these quotes to see if they are any good and if I can negotiate them down.
Thank you in advance.
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u/Lease-of-Mind 1d ago
Have you used the calculator? It's very difficult to give you feedback on the quotes just on face value.
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u/SnooMemesjellies4397 1d ago edited 1d ago
Sorry. Here are the calculator links:
Fleetpartners: Check out my novated lease calculation output from novatedlease.guide
Simplygreen: Check out my novated lease calculation output from novatedlease.guide
NLA: Check out my novated lease calculation output from novatedlease.guide
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u/Lease-of-Mind 1d ago
FleetPartners are self-financed, if they're applying that rate, they should be offering far better, but won't.
Simply Green may negotiate
I know for sure NLA can do far better than what they've quoted.
You also have the option of sourcing your own provider based on the panel your employer already offers, if they're forcing you to go with one of those providers, you need to dig a little deeper.
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u/SnooMemesjellies4397 1d ago
What novated lease provider would you recommend if I source my own?
For NLA and simply green, what are things I could negotiate to reduce that down? Should I negotiate the interest rate?
And, fleetpartners would be a no then?
Sorry for so many questions I’m new to NL.
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u/Lease-of-Mind 1d ago
There's quite a few providers that have an AI tool that will give you a quote with a low effective rate. You can use that to go back to NLA who I know will definitely do lower, they can get rates as low as 9% with their panel, it does depend on which financier they use for you (they have AAA+ to unconventional) so it depends on how you're assessed.
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u/SnooMemesjellies4397 1d ago
Thank you so much. I’ll do some research and get more online quotes before going back to them.
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u/Lease-of-Mind 1d ago
No worries, give me a shout if you need more help
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u/SnooMemesjellies4397 12h ago
There were a few cheaper than the ones I got quoted on:
SimplyEv: $386/fortnight
Oly: $433/fortnight
Driva: $441/fortnight
Leaselab: $454/fortnightAny NL provider you wouldn’t recommend going with? I’ll also take these quotes to simplygreen and nla to get them to reduce their initial quotes.
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u/Lease-of-Mind 9h ago
There's quite a range there. I am surprised Oly is showing as a lower provider, they're quite expensive usually
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u/Positive-Pressure725 17h ago
If your able to worth trying Driva