Easi (Easifleet) review

Easifleet offers a range of car financing solutions for your business, including novated leases and salary packaging. You can choose from a variety of cars that are on offer including brands such as Toyota, Ford or Tesla, and see an estimated weekly cost for each car.

Find out about the different leasing options that are available through Easifleet and if any might suit you.

How does leasing a car through Easifleet work?

Once you select the car that you want for your business, you simply send in an application and a customer representative will take you through the rest of the process. Lease terms are flexible and allow you to borrow a vehicle for a minimum of one year and a maximum of five years.

Simply submit some personal details, explain whether you’re leasing the car for your business or your own personal use, and you’ll have your car at a discount for the duration of the loan terms. Easi's website shows an estimated saving over the lease for each car it lists.

What types of business car leasing does Easifleet offer?

Easifleet now uses the brand name Easi. Its website currently describes these options:

• An operating lease (business lease). Easi describes this as a three-party agreement between your business, a financier and Easi. The financier buys the vehicle and leases it to your business, which pays a monthly rate for a set term and number of kilometres. Easi can also manage costs such as registration and insurance through its fleet management service.
• A novated lease. If you're an employee, you can salary package a car through your employer. Easi bundles the car's finance and running costs, such as registration, servicing, tyres, insurance, roadside assistance and fuel or charging, into one payment that comes out of your pre-tax salary.
• Fleet management. Easi offers fleet finance and fleet management services, including reporting, to medium and large organisations, and fleet solutions for smaller businesses through its business car leasing service.
• Other types of car finance. Easi's website doesn't currently describe finance leases, chattel mortgages or commercial hire purchase, so check with Easi directly if you're after one of these.

What features are on offer?

There are various features on offer that are there to benefit you. These features include:

• A straightforward monthly fee. The fees that you have to pay throughout the loan are explained in your quote. This fee will vary depending on whether or not Easifleet is in charge of taking the payments out of your salary as well as creating your lease.
• Varied loan terms. Loan terms start from one to five years.
• Flexible running cost budgets. On a novated lease, Easi says you can increase or decrease how much you contribute towards running costs if your driving changes.
• Both fully maintained and non maintained packages are offered. If you’re just looking for a car and you don’t mind taking care of the running costs that go with it, you’re able to choose a non maintained package through Easifleet. This just means that you pay what is owed to lease the car and are responsible for fuel and servicing of the vehicle, just as you would with any other car.
• Reduced taxable income. On a novated lease, payments come out of your pre-tax salary, which reduces your taxable income. This benefit applies to novated leases arranged through your employer, rather than to business leases. Battery electric and hydrogen fuel cell cars can also be exempt from fringe benefits tax (FBT) if they meet the eligibility rules, including that no luxury car tax has been paid on the car. Plug-in hybrids generally don't qualify, so check a car's eligibility with Easi before you sign.
• Variety of choice in vehicles. When selecting a business vehicle, you’re able to choose whatever vehicle you want. Easifleet has a variety to choose from on its website, but you are able to choose from whichever vehicle suits you. If you’re overwhelmed by the freedom of choice, Easifleet offers brands such as Toyota, Hyundai and many more to choose from, with the costs laid out for you to see.
• Weekly cost estimates. Cars listed on Easi's website show an estimated weekly cost, so you can compare vehicles before you get a quote.
• All costs are budgeted for. You’re able to benefit from discounts in fuel, roadside assistance, tyres, registration, driver training and online services which you can utilise as often as you’d like. There are also discounted servicing and maintenance which is given to you at fleet discounted prices. So you don’t need to worry about the cost of fuel or other general costs that come with running and using a vehicle.
• Flexibility in leasing and salary packaging. If your employer doesn’t offer salary sacrificing or doesn’t have anything in place, Easifleet can take care of this for you and work with you in order to take care of your car lease and your salary packaging. This offers peace of mind as you know your car is being paid off through your salary despite your employer not offering it initially. Easifleet will only make deductions from your salary if you agree to this beforehand.

How much does the loan cost?

Easi includes its fees in the quote for the car you want to lease, so check the quote for the management fee and any other charges. This fee is dependent on how your lease is set up and whether Easifleet takes care of both the lease and the salary packaging of your car. There are fees associated with other types of leases, but this will be known to you once the final invoice is sent over from Easifleet.

However, some fees you can expect to incur while leasing a vehicle include

• Direct debit dishonour fee. This is charged when an organisation tries to take out the funds owed to it, but is unable to get the money.
• The cost of tolls. Easifleet send these directly to you if you incur a toll or a fine, as it’s not Easifleet’s responsibility to pay for the fines and tolls that have been incurred while you’re driving the vehicle.
• Cost of fuel and servicing. Although you get a discount through Easifleet, you still have to pay for these things yourself in order to keep the car running smoothly.

How to apply for an Easi lease

Easi says its novated lease application has five steps:

• Get a quote. Easi says it will be in touch within three business hours.
• Expert consultation. A specialist tailors the quote to your needs.
• Finance application. You complete the finance application online.
• Digital sign-off. You and your employer sign the lease documents.
• Drive away. Easi sets up the lease in the background.

For a business lease, you can request a quote from Easi's business car leasing page, and Easi works with you and its financier to set up the facility.

Benefitting from a reduced cost in leasing a car for your business is always ideal. So it’s important to consider all the business leasing services that might meet your needs before making your decision.

Written by

Richard Whitten

Senior Money Editor

Add to Preferred Sources

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise

Richard has written 773 Finder guides across topics including:

• Home loans
• Credit cards
• Personal finance
• Money-saving tips