Lease vs. Buy vs. Finance a Car: Which is the Better Option in Australia?

Thinking about whether to buy outright, take out a finance loan, lease, or use a novated lease or finance lease in 2025? In this video I break down what owning a 2024 Toyota RAV4 will really cost you over 3 years / 45,000 km — comparing out‑of‑pocket cash, interest, residuals, tax, driving habits and lifestyle trade‑offs. I run the numbers on upfront payments, monthly fees, running costs like fuel, insurance & servicing, and the risks of depreciation. 👉 Get Driva's personalised car loan/novated leasing https://beacons.ai/irenezhu ✅ Want to start track and grow your wealth? Check out this Wealth Tracker: https://beacons.ai/irenezhu/downloads 📈 Manage your portfolio on Navexa and get 25% off on your annual subscription: https://geni.us/tMIZQ0 👉Check my monthly portfolio update and support the channel: / irenezhu OR Youtube membership: / @irenezhu 👉 Check out my bookshelf and gears https://kit.co/Irene.Zhuaus Stock valuation Platform I use: 🔎Be a smart Value investor by using Seeking Alpha Premium to get 20% discount with 7-day trial: https://www.sahg6dtr.com/392M6MZ/R74QP/ 🔎 Build a data-driven portfolio for capital appreciation - Alpha Picks by Seeking Alpha - get 10% discount by using this link: https://www.sahg6dtr.com/392M6MZ/J8P3N/ 👩‍💻Tubebuddy https://www.tubebuddy.com/irenezhu 🛎️Disclaimer: Some of the links above are affiliate links, where I earn a small commission from your purchases at no additional cost to you. The content of the videos is for educational & entertainment purposes only and merely my opinions. I am not a financial adviser. All investments involve some risk, and there is no guarantee that you will succeed. To make the best financial decisions that suit your own needs, you must conduct your own research and seek the advice of a licensed financial adviser if necessary. Chapters: 00:00 Intro 00:32 Baseline Running Costs 01:34 Option1: Buy Outright 02:11 Option 2: Standard Car Loan 03:04 Driva 04:08 Optiono 3: Opeating Lease 05:25 Option 4: Finance Lease 06:29 Option 5: Novated Lease 07:51 Which Option should you pick?