Thinking about a Forester

[Spammy]

I just applied and that is what they gave me.

[Vl5spd]

What are the benefits of leasing it vs a personal loan with a residual?

[Captiva Fan]

You can get personal loans with residuals?
There's probably no difference between that & leasing; the difference will be about terminology & how things are charged. A lot of car leases are a part of salary-packaging; but because of the way FBT is calculated you may or may not be better-off depending on the km's you do & your existing income.

[Vl5spd]

I just applied and that is what they gave me.

What sort of costs are you up for per month with the lease? And is it through a company or just a personal lease?

[Vl5spd]

You can get personal loans with residuals?
There's probably no difference between that & leasing; the difference will be about terminology & how things are charged. A lot of car leases are a part of salary-packaging; but because of the way FBT is calculated you may or may not be better-off depending on the km's you do & your existing income.

Yes, ANZ offer a secured car loan with a residual. Salary packaging is not an option unfortunatly and FBT would kill me

[Spammy]

What sort of costs are you up for per month with the lease? And is it through a company or just a personal lease?

The total on road was $36,500, I pay $642 per month for the lease and at the end of 4 yrs the residual is $14,250.

I claimed back the total GST on the car on day 1 of the lease.

[Captiva Fan]

Yes, ANZ offer a secured car loan with a residual.

Check the total monthly payments then, and see what works out best.
I got all excited about leasing, when I first started looking into it years ago; but found out you're paying interest on the whole amount you're borrowing even though they're arranging for a lump-sum at the end.
Basically, I'd be a little surprised if you're actually any better-off overall; although the monthly repayments in the short-term are probably lower (you're paying less off over 3 years, before paying a whopping-great amount all in one hit; but because you're paying less off over the first 3 years, you're probably paying more interest all-up too).