Help me understand my quote please. Is my effective finance rate 8.99%?
Hey fellow !?Novated Lease friends.
I am getting a quote with Fleet Partners for a Jaecoo J5 EV. F.P. are saying that my novated lease is working out much cheaper then if I was to pay cash for the car and apparently the effect rate is 8.99% .
My question is it actually 8.99%
Would I be better off taking 5 year term instead of 3 years .
Is the quote competitive or am I being fleeced by them ?
u/Internal-Brain-4601 — 4 days ago