Buying vs Leasing a Car in Australia: Real Cost

Buying vs leasing a car in Australia: see what cash, a car loan and a novated lease really cost over 5 years, with ATO rules and the 2027 EV tax changes. The price on the windscreen is only the start. Interest, fees, tax and the lump sum at the end decide what a car really costs. This video adds it all up in simple numbers. Chapters: 0:00 Buying vs leasing a car in Australia 0:21 RBA cash rate and car finance costs 0:45 Buying a car outright with cash 1:19 Car loan costs and balloon payments 2:30 How a novated lease works 3:38 Novated lease residual values explained 4:36 EV FBT exemption and 2027 changes 5:51 Private car leases and car subscriptions 7:28 Buy or lease: how to compare the cost Check out the channel's playlists for more videos on money psychology, mindset, wealth habits, and financial minimalism and subscribe if you want to keep rewiring how you think about money. Money Psychology → https://www.youtube.com/playlist?list=PLN66gMJbnUcA Money Mindset → https://www.youtube.com/playlist?list=PLbo1A8amxkcQ Money Habits → https://www.youtube.com/playlist?list=PLWz-j5c1YKK0 Stealth Wealth → https://www.youtube.com/playlist?list=PLdyBYeaUYlsg Classic Wealth Books → https://www.youtube.com/playlist?list=PLIr4oHgSND94 How to Get Rich → https://www.youtube.com/playlist?list=PLbFi5lqftlNI Spend Less, Want Less, Feel Richer → https://www.youtube.com/playlist?list=PLfvzXIM6rxU8 Legal Disclaimer: This video is general information only. It is not financial, tax or legal advice. It does not consider your personal situation. Rules and products can change. Check with the provider and think about speaking with a licensed financial adviser. 💬 Creator’s Note: Each video on this channel takes a lot of time to write, narrate, and animate with care. Yes, I use AI tools to help with voiceovers and visuals, but every message, script, and idea is crafted with intention and love, so you can understand money clearly and feel empowered to change your life. Thank you for being part of this project. 💛 #carloanaustralia #australianfinance #novatedleaseaustralia