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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
I had a great experience with Luke Harris, who organised novated leasing for 2 cars. The process was made easy and the interest rates they provide are quite competitive.
Thank you so much! A special shout out to Luke Harris for making the entire novated lease process seamless from start to finish. Excellent service and highly recommended! 🌟
A big shout out to Craig, he has been amazing with the whole process. He is an absolute asset to Positive. Highly recommended for anyone looking to salary package. If I could 10 stars I would! Well done guys!!
Luke was extremely helpful and manage to sort out finance approval very quickly, with a friendly manner
Shoutout to Luke !!! I spoke to every salary packaging provider on the government list and even with the help of AI it’s was difficult to truly compare apples with apples. Luke took the time to explain everything in detail and went the extra mile. If you’re looking at a noviated lease you would be silly not to give him a call
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.