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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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Our friendly team at Positive Salary Packaging are here to help guide you through your setup.
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You can also give us a call on 1300 946 527
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
The team at positive salary packaging were great to deal with, Especially Tyson, he was fantastic and answered all my questions. Got my lease approved quickly and help secure the car we wanted.
Dylan made this easy, couldn’t ask for a better experience
I received excellent service from Dylan at Positive Salary Packaging. Dylan promptly answered my questions in detail. I appreciated the multiple quote adjustments provided, making it easy to compare my options. They simplified the process.
Brittany was exceptional. Negotiated a great price for our car, returned phone calls as soon as she could, and followed through with all paperwork. The entire process was complete within the week. Brittany was brilliant.
Luke Harris was fantastic throughout the entire novated lease process. He was in constant contact, kept me up to date at every stage, and was always contactable whenever I needed help. He was genuinely invested in making sure everything went smoothly.
When complications with the vehicle supplier created an extremely tight deadline, Luke and his team went above and beyond and achieved an amazing result to make it happen. Luke also offered to step in and take over coordination with an aftermarket contractor I had already engaged, giving me some much-needed breathing room while I worked through the leasing paperwork.
It was an amazing experience from start to finish. It genuinely felt like Luke was doing it for me — he wanted to see me get the car, and not once did I feel like I was just another client
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.