No spin, promise
Why Not vs the bank vs a subscription vs an old cheapie. Honestly.
Most comparison pages are rigged. This one shows where we lose too.
Our 2017 Kia Cerato Sport, 3.5 years
The four ways to get a work car, side by side
| Why Not work car plan | Bank car loan | Car subscription | Old car bought outright | |
|---|---|---|---|---|
| Credit check required | ✓ No | ✗ Yes, and it marks your file | Usually yes | ✓ No |
| Time to get on the road | About a week | 1 to 3 weeks, if approved | A few days | Whenever you find one |
| Weekly cost (our Kia Cerato Sport)Guide figures for a 2017 Kia Cerato Sport over 3.5 years. | From $195 guide pricing, most costs included | About $85, then insurance, rego and servicing on top | About $250 to $300, most costs included | $0 per week, but repairs arrive when they feel like it |
| Insurance, rego, servicing included | ✓ Included, plus repairs and tyres | ✗ All on you | ✓ Mostly included | ✗ All on you, and repairs too |
| Can you buy it at the end? | There may be an option to buy* | ✓ Yes, once the loan is paid | ✗ Never | ✓ Yes, from day one |
| Flexibility to exitNo exit charge at the end of your term. | Four weeks' notice plus one extra week | You still owe the loan, or sell the car to clear it | ✓ Very flexible, often 2 to 4 weeks notice | Sell it, for whatever it's worth that day |
| Best for | Working people the banks decline | People the banks approve | People who never want to own their car | Handy people with savings and a good mechanic |
Estimates using our guide pricing, typical bank rates for fair credit and advertised subscription prices. Your numbers will vary.
Advice we'd give our own family
If a bank will back you, take their deal
A bank loan is usually thousands cheaper, and the car is yours when it's paid off. If the bank says yes, go with them.
We're worth a look if your car earns your income, the bank said no, and a steady weekly payment fits.
Not sure? Email hello@whynotdrive.com.au and we'll tell you straight, even if the answer is "go to your bank".
Shopping around? Good.
Comparing work car offers? Check these four things.
Put any other agreement next to ours and ask:
Is servicing included for the whole term, or just once a year? With us, servicing, repairs and tyres are all included.
What happens if you miss a week? Talk to us early. There are no late fees, and a failed payment is retried after 72 hours.
Does your rent pause if the car is off the road? Ours does when we can't give you a replacement.
Is the upfront money refundable? Change your mind within 48 hours and our setup fee comes back in full.
And at the end? Check whether your payments count towards the price. With us they don't, and we say so up front.
Done your homework?60 seconds, no credit check to enquire, no obligation.
Check my starting fitStraight answers
Questions people ask about the comparison
Why do you cost more than the bank?
We take the risk banks won't, and our price includes insurance, rego, servicing, repairs and roadside that bank customers pay on top.
A subscription looks similar. What's actually different?
A subscription ends with the car going back. With us there may be an option to buy at the end.* Subscriptions can win if you only need a car for a few months.
Wouldn't a cheap old car be the smartest money?
Sometimes, yes, if you have savings and know cars. But when the car is how you earn, a breakdown means lost clients as well as a repair bill.
Your work needs wheels. Why not sort it this week?
60 seconds. No documents. No credit check to enquire.
Check my starting fitPrefer email? Write to us at hello@whynotdrive.com.au.
