Car lease interest rates in Australia sit roughly in the 6%–10% p.a. band for new vehicles, with used cars typically 1–3 percentage points higher.
Novated leases often land around an effective 7%–10% p.a. depending on your tax bracket, while business chattel leases tend to hover near 6%–9.5% p.a. for strong applicants.
Your rate swings on the usual suspects: credit score, term length, deposit, a cheeky balloon/residual, and whether the car is fresh-from-factory or well-loved.
Always check the comparison rate—fees can turn a “bargain” into a slow leak faster than a dodgy valve stem.
Ask three lenders and you’ll get four answers, so get quotes, compare apples with apples, and run the numbers before you fall for showroom lighting.
None of this replaces the fine print from your lender, but it’ll keep you in the right postcode when negotiating.
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