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Novated lease calculator
Disclaimer: Figures shown are indicative only and based on standard assumptions current as at October 2025. They do not take into account your personal objectives, financial situation, or needs, and are not financial, legal, or taxation advice. Actual costs and savings may differ. You should seek independent advice before entering into a novated lease. Learn more.
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Why a Novated Lease?
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Reduce taxable income
Make repayments, maintenance, fuel, insurance and even registration from your pre-tax income, and reduce the amount of tax you pay upfront.
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Employer options
You can choose the car you want and take it with you to your next job if you change employers.
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Leasing options
A range of novated car lease options allows you to choose those with flexible terms, fixed interest rates, and no deposit requirement.
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Salary packaging
Talk to us about salary packaging benefits and understand how salary packaging works and where the savings come from. We’re here to answer any questions you have about salary packaging.
What people say
Wonderful experience, the whole team was very patient with me. I took just over a year to decide. Tiarne checked in with me and explained the entire process thoroughly she was great. Highly recommend. Now she has the pleasure of all five of my colleagues wanting the same.
I just finished the process of getting a novated lease with Tiarne from PSP and I must say, the experience was outstanding. Tiarne was incredible helpful through the process as I had quite a few questions and she was so easy to work with. The experience was seamless and finished in just a couple of days. Thanks so much Tiarne and PSP
Awesome experience with Tiarne at PSP! Thank you so much! I cannot believe I’m in my first ever new car. That would have not been possible without Tiarne’s help. Clear communication, quick response, reliable availability to answer calls and texts, great rate and honest follow through. Will def recommend the services of PSP. Thank you. Really appreciate your help.
Tiarne was extremely helpful and responsive, everything she sent through to me was accurate and included any updates I had emailed through. Everything needed from me was clearly communicated well ahead of time and the process to sign up was all done easily online.
Jessica Baigent is an extremely experienced Leasing Finance Specialist. She is 100% committed to her clients finding the best available options. She has made the leasing process super easy and is very knowledgeable about her broad range of products and services.
Common questions
It is possible to switch from a car loan to a Novated Lease. The specifics will depend on the terms of your current loan, any early repayment fees, and the agreement with your leasing provider. Consulting with Positive Salary Packaging will give you a clear picture of the steps involved and any associated costs.
Yes, you can lease a used car using this method. However, the specific terms and conditions might vary based the age or condition of the used vehicle. It’s essential to check with your us for the exact requirements and potential limitations.
No, the Novated Lease Operating Cost Method is different from a Business Operating Lease. A Business Operating Lease is an agreement where a business leases a vehicle for a set period, after which the vehicle is returned to the lessor. In contrast, the Novated Lease Operating Cost Method is an arrangement between an employee, employer, and a leasing company, where the employee can lease their personal vehicle through salary packaging, factoring in a business use percentage for potential tax savings.
Employers can benefit in several ways, including reduced fleet management responsibilities, potential GST credits on operating costs, and the ability to offer an attractive incentive for employee attraction and retention.