u/Oxonomo

What interest rates are people currently getting through novated lease companies?

At the moment, SG Fleet is offering me 9.7%, however I would like to understand whether other leasing companies are currently offering more competitive rates.

Would appreciate hearing what rates others are seeing in the market at the moment.

For those who received the Geely home charger with the car, did you keep it or replace it with another brand/model?

For anyone still using it, are you happy with it? Any issues or complaints so far?

I’m currently negotiating the purchase of a Geely EX5 through Rodar in Brisbane.

As I’ll be using SG Fleet, I need to have the paint protection and window tint included through the dealership so it can be packaged into the novated lease.

They are offering:

• Fusion Quartz Paint Protection – Code AQ511

• Ceramic Black Full Car Tint Including Privacy Glass – Code CBFP

Total cost is $1,300.

To be honest, I didn’t think the price sounded too bad, but I’m more concerned about the quality of the products and installation.

Has anyone had experience with these products or with dealership paint protection/tint packages in general? Worth it or better to avoid?

I’m currently going through the process of arranging a novated lease through SG Fleet for either a Geely EX5 or a GAC Aion V, and honestly I’m finding some parts of the process quite frustrating.

A few things I wanted to ask people who already went through this process:

• Is it normal for lease companies to effectively require you to use only their suppliers if you want to include items in the novated lease?

For example:

- tinting

- paint protection

- dash cam

- accessories

The pricing I’m receiving from their suppliers is significantly higher than reputable companies I already know and trust.

• Home charger question:

Were you able to include the purchase and installation of a residential EV charger in your novated lease? Did you have to use their supplier as well, or could you organise your own installer?

At the moment it feels like every extra added through the lease becomes substantially more expensive, which starts reducing the overall value of the novated arrangement.

Would really appreciate hearing other people’s experiences.

The company I work for offers novated leasing through SG Fleet as part of our salary sacrifice program.

I submitted my finance application for an EV almost two weeks ago, but the only update I’ve received is that the finance team is experiencing very high demand due to the increase in electric vehicle purchases. I completely understand the demand side of things, but more than 10 business days for finance approval feels excessive.

Has anyone else experienced similar delays with SG Fleet recently? Also, am I required to use the leasing provider linked to my employer, or is it possible to arrange a novated lease through another company instead?