No. And although that sounds ridiculously low, you’d still be better off with a novated lease.
The money you’d ‘save’ with a low rate such as this, will be completely eliminated by the fact that you don’t receive tax benefits anymore. That’s why novated leasing is the ‘cheapest way to own a car’ – because it’s extremely tax-effective.
Additionally, you’re not likely to get any discounts at all on the purchase price. So you have a lower rate, but a higher amount financed.