Leases
Vehicle and equipment lease products.
24 leases from 16 banks and lenders, read every night from what each one publishes under the Consumer Data Right.
What does a lease cost?
Banks don't publish a lease rate you can compare. Each one prices a lease when you apply, going on the car or equipment and who's behind the deal. Carmakers' finance arms are the exception: they quote 8.21% to 9.94% on finance leases, for their own vehicles only. What the banks do publish is the establishment fee: from $125 (CommBank) to $500 (Bank of Melbourne, BankSA, St. George Bank and Westpac) for a novated lease and from $495 (Bendigo Bank) to $595 (CommBank) for a finance lease.
- Novated lease
- A deal between you, your employer and a lender. Your employer makes the payments and covers the running costs out of your salary, mostly before tax is taken out. Electric cars under the luxury car tax threshold can also be exempt from fringe benefits tax.
- Finance lease
- The lender buys the car or equipment and rents it to you for a set term, usually with a balloon payment at the end if you want to keep it. Businesses can often claim the payments as a tax deduction.
- Operating lease
- You rent the asset and hand it back when the term ends, with no balloon to pay. It's common for business equipment and fleets, where the lender carries the risk of what the asset is worth later.
Leases, lowest rate first
| Product | Ratelowest first | Loan size | Upfront fee | Ongoing fee |
|---|---|---|---|---|
| Bank of Melbourne Finance Lease | On application | From $15,000 | $500 | - |
| Bank of Melbourne Novated Lease | On application | From $15,000 | $500 | - |
| BankSA Finance Lease | On application | From $15,000 | $500 | - |
| BankSA Novated Lease | On application | From $15,000 | $500 | - |
| St. George Bank Finance Lease | On application | From $15,000 | $500 | - |
| St. George Bank Novated Lease | On application | From $15,000 | $500 | - |
| Westpac Finance Lease | On application | From $15,000 | $500 | - |
| Westpac Novated Lease | On application | From $15,000 | $500 | - |
| CommBank Finance Lease | On application | From $20,000 | $595 | - |
| CommBank Novated Lease | On application | From $20,000 | $125 | - |
| Angle Finance PRD Operating Lease | On application | $10,000 to $2,000,000 | - | - |
| Bendigo Bank Finance Lease | On application | From $10,000 | $495 | - |
| BOQ Finance Commercial Hire Purchase / Conditional Purchase Agreement | On application | - | - | - |
| BOQ Finance Finance Lease | On application | - | - | - |
| BOQ Finance Operating Lease | On application | - | - | - |
| BOQ Finance Rental (finance rental) | On application | - | - | - |
16 of 24 leases match these filters. 8 with restricted eligibility (staff, profession, age, green or business-only) are hidden.
Published by each institution under the Consumer Data Right, last changed by them on 7 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.