Upfront costs
High
None
Deposit may be required
Ongoing payments
Loan repayment if financed
Extra 15% off every 12 months
Fixed monthly payments
Maintenance & running costs
Owner's responsibility
All-inclusive, excl. charging cost
Personal management
Vehicle selection
Any model
Available models only
New/Specific models only
Tax benefits
None
High benefits via salary sacrifice
Pre-tax benefits
Depreciation risk
Yes
None
None
Ownership
Yes, after pay out
No, rental only, with option to buy
No, with option to buy
Credit & liability
Credit assessment required
No credit assessments and liability
With liability
Commitment length
Long-term
Minimum 30 days notice to switch or return
Fixed-term contract (2-5 years)
End-of term options
Keep or sell
Return, swap or buy off after 3 years (optional)
Must purchase or sell
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