Novated Lease Calculator & Savings
Use this novated lease calculator to quickly estimate your repayments, tax savings and running cost benefits in Australia. A novated lease can reduce your taxable income and GST for eligible vehicles like — giving you a realistic picture of cost vs buy-outright or traditional finance.
Calculate Your Novated Lease
Add your average annual kms, salary & pick a variant to get an instant result.
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How a Novated Lease Works for the
You save on income tax
Because the repayments are drawn from your pre-tax salary, that means you'll have a lower taxable income
You save on fleet discounts
You leverage the national BMW buying power of FinCar, which means you get the wholesale prices that you normally wouldn't get.
You save on GST
You pay no GST on the vehicle purchase price, fuel, service, registration, repair costs, and even insurance. You can save over 10 cents per litre on fuel each time you fill up. That's a $12 saving on a 60-litre tank.
A novated lease allows you to package the cost of your through your salary, using pre-tax income to cover repayments, running costs and GST. This can reduce your taxable income and improve cash flow compared to buying outright or using a standard car loan.
What’s included in your novated lease quote?
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Novated Lease Savings Explained
vehicles are well suited to a novated lease, particularly for drivers in higher tax brackets. Depending on the vehicle variant, your income and usage, a novated lease may reduce your overall ownership cost by packaging finance, servicing, registration and other running costs in one structure. You'll also save on GST as well as income tax.
Example Novated Lease Scenario
As an example, a novated lease over five years may include the vehicle purchase price, finance costs and eligible running expenses. Your actual savings will depend on your salary, tax bracket and selected lease term, but many drivers find the after-tax cost is lower than traditional financing options.
Save your next car purchase with a Variant and Novated Leasing
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Frequently Asked Questions
Start customising your FREE novated lease quote now!
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Fincar has been offering novated car leases to Australians since 2008 and rather than just punch out the numbers like the big guys, we explain how it works, what the benefits are, the advantages and disadvantages and whether it’s worth it in your particular situation. So whether you’re just trying to find out what is a novated lease, or you’d have a specific question about ATO prescribed residual values, one of our friendly consultants can answer that straight away. And, if it looks like it’s going to work, we’ll get you the best novated lease interest rates from Australia’s top lenders.