Novated Lease Calculator

nl-calc.vercel.app by: Will Aitken

Upload quoteUse Gemini to analyse

Lease Details

  • NL Provider
  • Vehicle Type
  • Lease Term (years)
  • FBT Base Value*
  • Driveaway Cost
  • Financed Amount
  • Residual (excl GST)
  • Residual (incl GST)
  • Financed Fees
  • Payment Amount

Income

Running Costs (Monthly) - Ex. GST

  • Management Fee
  • Maintenance
  • Tyres
  • Rego
  • Insurance
  • Charging/Fuel
  • Other
  • Employee contribution gst
    $0
Total Running Costs
$0 / Monthly
Total Lease
$0 / Monthly
Out of pocket
$0 / Monthly
Please provide salary, calculations are not accurate

Lease Calculation

Show Financed Amount Breakdown
Driveaway Cost
$0
Less: GST-$0
Add: Financed Fees+$0
Financed Amount$0
Show Residual Breakdown
Residual %0.00%
Residual Value (excl GST)
$0
Calculated from financed amount less fees
Add: GST (10%)+$0
Residual Value (incl GST)$0
Effective Interest Rate
Calculated based on values entered
N/A
N/A
ⓘ
Competitive: < 10%
Elevated: 10%–13.99%
High: ≥ 14%

Novated Lease Comparison

Please provide salary, calculations are not accurate
DetailsNovated
Lease
%
Annual finance cost$0$0
Annual running costs$0$0
Total Annual cost$0$0
Pre-tax contribution$0$0
Post-tax Contribution$0$0
Tax savings$0$0ⓘ
Out of pocket annually$0$0
Costs over 5 year lease
Total finance cost$0$0
Total running costs$0$0
Total tax savings$0$0
Residual value$0$0
Net cost over lease$0$0
Total excl running costs$0$0
Difference to driveaway price$0$0
Although novated leases can work out well, there are some Risks that should be considered:
  • Early termination / employer change: Leaving your employer can end salary packaging; you may face transfer hassles or immediate repayment obligations.
  • Residual value risk: The balloon/residual may be higher than market value at lease end, leaving you to cover the shortfall.
  • Early termination & admin fees: Exit, administration, break costs and documentation fees can be significant.
  • Reduced flexibility / portability: Changing vehicles or modifying the package is often limited and costly.
  • Impact on borrowing / credit: Lease obligations may affect future lending or credit assessments.
For additional detail read the guide produced by u/Changyang1230 at novatedlease.guide

Disclaimer: This calculator provides estimates only and is for informational purposes. It does not constitute financial advice. For definitive pricing or personalised advice, consult your novated lease provider or a qualified financial adviser.