Contact us or call us on 1300 946 527Calculators on this website use standardised assumptions and tax parameters to provide indicative novated lease cost and savings estimates. It is not tailored to your specific circumstances.
Tax & Legislative Framework
- Based on Australian income tax rates and thresholds as legislated for the current financial year (FY26).
- Fringe Benefits Tax (FBT) exemptions and concessions are applied in accordance with legislation current as at December 2025.
- Medicare levy is assumed at 2% for all calculations.
- No allowance is made for changes to tax rates, thresholds, or FBT rules during the life of the lease.
- Applicable internal combustion, electric and plug-in hybrid vehicle GST and FBT treatments are applied as per current ATO guidance.
Vehicle Purchase Price
- The purchase price entered is assumed to be the total drive-away cost, including GST, dealer delivery, and statutory charges.
Running Costs
- Annual running cost estimates are based on average market rates for the selected vehicle category and fuel type, drawn from reputable sources such as RACV, NRMA, and industry averages.
- Running costs include:
- Registration & CTP insurance
- Comprehensive insurance
- Fuel or electricity charging costs
- Servicing & maintenance
- Tyres
- Actual running costs will vary depending on your location, driving style, vehicle condition, and market prices.
Lease Term & Residual Value
- Lease terms are calculated on a fully maintained novated lease basis.
- Residual values are applied in accordance with ATO guidelines for minimum residual values under the lease term.
- Residual value is payable at the end of the lease term and is not included in the weekly cost figure.
Financing Costs
- Interest rates are assumed at a competitive market average for novated leases as at December 2025.
- Comparisons to a standard car loan are based on a 10% deposit at the time of purchase and the same fixed interest rate over the same term.
Savings Calculations
- Tax Savings: Estimate is calculated based on the reduction in taxable income through salary packaging of lease and running costs, compared to financing and running the same vehicle outside of a novated arrangement.
- Total Savings: Includes both estimated tax savings and estimated differences in financing and running costs compared to a standard car loan scenario.
Other Assumptions
- All cost estimates are expressed in Australian dollars (AUD) and rounded to the nearest whole dollar.
- Kilometres driven as entered by you are used to estimate fuel/electricity consumption, servicing frequency, and tyre replacement intervals.
- Insurance costs are based on averages for drivers aged 30–55 with a clean driving record and no high-risk postcodes.
Important Notes
- This calculator does not account for your personal objectives, financial situation, or needs.
- All results are indicative only and may differ from actual quotes or contracts.
- Before proceeding with a novated lease, you should obtain a personalised quote and independent financial, legal, and taxation advice.