Australian Novated Lease Calculator
Estimate your savings and costs with a novated lease arrangement
Estimate your tax savings and lease payments with our easy-to-use novated lease calculator tailored for Australians. Try the Calculator Now
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What is a Novated Lease?
A novated lease is a cost-effective way to finance a car in Australia. It’s a three-way agreement between you, your employer, and a leasing company, allowing you to pay for your car and its running costs using your pre-tax salary. This reduces your taxable income, potentially saving you thousands in income tax and GST. Our Australian Novated Lease Calculator helps you estimate these savings instantly.
Whether you’re eyeing an electric vehicle (EV), hybrid, or traditional petrol car, a novated lease can make driving your dream car more affordable. Calculate your savings now and see why more Australians are choosing novated leasing.
How Does a Novated Lease Save You Money?
Novated leasing offers multiple financial benefits, especially for Australian drivers. Here’s how it works:
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Pre-Tax Deductions: Lease payments are deducted from your pre-tax salary, lowering your taxable income.
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GST Savings: Save on GST for the car’s purchase price and running costs, as these are claimable by the leasing company.
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FBT Exemptions for EVs: Eligible electric vehicles and plug-in hybrids (purchased after July 1, 2022, and under $91,387) are exempt from Fringe Benefits Tax (FBT), supercharging your savings.
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Bundled Costs: Running costs like fuel, insurance, and maintenance are included in one predictable payment, avoiding bill shock.
For example, if you earn $80,000 annually and lease an EV worth $60,000, you could save approximately $3,900 in income tax and $1,090 in GST per year, depending on your tax bracket. Use our calculator to see your personalized savings.
Try Our Australian Novated Lease Calculator
Ready to see how much you can save? Input your details below to get an instant estimate of your novated lease payments, tax savings, and running costs.
Calculator form would be embedded here, allowing users to input salary, car price, lease term, and annual kilometers.
Disclaimer: Results are estimates based on general assumptions and Australian tax laws effective July 1, 2024. Actual savings may vary based on individual circumstances. Consult a financial advisor for personalized advice.
Why Choose a Novated Lease for Electric Vehicles?
Electric vehicles are increasingly popular in Australia, and novated leasing makes them even more affordable. Thanks to the Electric Car Discount Bill 2025, eligible EVs are FBT-exempt, meaning you could save tens of thousands over the lease term. Popular EV models like the Tesla Model 3, BYD Atto 3, and MG ZS EV are all compatible with our calculator.
Our EV-specific calculator accounts for lower running costs (e.g., charging vs. fuel) and government incentives, ensuring you get an accurate estimate. Start exploring your EV novated lease options today!
Frequently Asked Questions
What cars are eligible for a novated lease?
New, used, or even your current car can be leased, provided it meets ATO criteria (e.g., less than 12 years old at lease end and not designed for more than eight passengers).
How long is a novated lease term?
Lease terms typically range from 1 to 5 years. Longer terms mean lower monthly payments but may affect total savings. Use our calculator to compare terms.
Can I lease a Porsche or luxury car?
Yes! Luxury cars like the Porsche Taycan or Macan are eligible, provided they’re below the luxury car tax threshold for FBT exemptions (if applicable). Calculate your costs for a luxury novated lease today.