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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.
Need any help?
Our friendly team at Positive Salary Packaging are here to help guide you through your setup.
Contact our support team
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
Tiarne, you are a great asset to the company. This is my second time working with Positive Salary Packaging, and from beginning to end, I truly appreciate the way you followed up and managed the entire process.
Keep up the great work.
Janelle was great with her service, very understanding and easy to communicate with.
Turn around time was quick and Janelle took time to explain process and genuinely helped.
Having dealt with so many of their happy customers, I can tell you first hand that clients absolutely rave about the PSP team, Efficiency, accuracy, knowledge and genuine care flow through the entire organisation. A people first culture, combined with operational integrity. I highly recommend them for your vehicle packaging needs.
Had a great experience with Tiarne at Positive Salary Packaging. She was super helpful and easy to deal with, explained everything clearly, and was always quick to respond when I had questions. She made the whole process really smooth and stress-free!
Tiarne was a very helpful in getting me setup with PSP.
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.