Novated Car Lease Calculator for Australia

Step 1 of 3 – Enter your details below:

• Drive Away Price of Car* (e.g. $35,000. Range $20,000 – $80,000)
• Annual Salary Before Tax* (excluding superannuation)
• Annual Kilometres Per Year* (e.g. 15,000 kms = 300 km/week)
• Lease Term* (12–60 months)

 Click Next to continue and see your estimated savings.

Our calculator estimates your savings by looking at:

• Tax reduction: lease payments reduce your taxable income.
• GST exemptions: you don’t pay GST on the purchase price.
• Bundled costs: rego, fuel, insurance, servicing and tyres can all be rolled into one pre-tax payment.

 Please note: this calculator gives a general estimate only. For exact figures, speak to our team for a personalised calculation.

To show how novated leasing compares with buying, let’s take an example:

Scenario:

• Car price: $50,000
• Salary: $90,000 per year
• Lease term: 4 years
• Kms: 15,000 annually

Result:

• Buying with a loan: You pay GST + repayments from after-tax salary.
• Novated lease: You save ~$6,000–$8,000 over 4 years by paying from pre-tax income and avoiding GST.

 Try the calculator above with your own numbers to see how much you could save.

• Quickly estimate your potential savings.
• Compare novated leasing vs. car loan or outright purchase.
• Understand how salary packaging affects take-home pay.

Plan your car budget with confidence.

Can I use the calculator for electric vehicles?
Yes. Eligible EVs under the luxury car tax threshold are exempt from Fringe Benefits Tax (FBT), which may increase your savings. See our list of FBT-free vehicles.

How accurate is this compared to the ATO’s salary packaging tools?
It’s designed to be close, but it’s not an official ATO calculator. Always confirm your figures with a personalised analysis.

Can anyone use a novated lease calculator?
Anyone can use it, but only employees whose employers offer salary packaging can enter into a novated lease. 

Does salary packaging actually save money?
Yes, for most employees it does. By using pre-tax income and avoiding GST, many people save thousands compared with buying or financing a car.

Is the calculator for EVs and petrol cars?
Yes. The calculator can be used for both electric vehicles (EVs) and petrol/diesel cars. The inputs (car price, salary, kilometres, lease term) work the same way regardless of vehicle type. For EVs, you may also benefit from Fringe Benefits Tax (FBT) exemptions if the car is under the luxury car threshold, which could increase your savings.

Does the calculator factor in running costs?
Yes. A novated lease allows you to bundle costs like fuel, servicing, tyres, rego and insurance into one pre-tax payment. The calculator provides an estimate of savings assuming these costs are packaged, but actual inclusions will depend on your lease agreement. Learn more about how salary packaging works.

Can I apply for finance using the novated lease calculator?
Not directly. The calculator is designed to give you an estimate of potential savings, not a formal finance application. If you like the results, the next step is to book a free consultation with our team, who will run a personalised quote and guide you through the finance application process.

 Book your free novated lease consultation today and get a clear, no-obligation breakdown of your savings.