Want to see how a novated lease could impact your take-home pay?
Use our novated lease calculator to estimate your costs, tax impact and potential savings based on your salary and vehicle choice.
Find out how much you could save with a novated lease
A novated lease is a car finance option that comes with big tax saving benefits. Since all your costs – including maintenance and fuel – are covered by one payment out of a combination of your pre-tax and post-tax salary, you get to save while simplifying your life and enjoying the freedom of your own car. If you want to see exactly how these deductions impact your take-home pay, you can find out how much you could potentially save with a novated lease by using our specialised calculation tools below.
Enter your details into the calculator below to find out how much you could save if you switched to a novated lease.
Novated Lease Calculator
What You Can Estimate
This calculator gives you a structured view of your potential vehicle costs under a novated lease.
You can see:
Estimated monthly repayments
Total cost over the lease term
Running costs including fuel, servicing and insurance
Potential impact on your taxable income
Estimated overall cost difference
To better understand how these estimates work, see what you need to know about novated lease calculators
Novated Leasing Calculator Australia
Wondering how much you can save with a novated lease?
Navigating the world of car financing can be overwhelming, but with Fingo, we make it simpler for you. Our novated lease calculator is designed specifically for our Australian clientele, helping you make informed decisions about your vehicle financing options.
Why choose us?
- Tailored for Australia: Our calculator takes into account all the specifics of the Australian financial and tax landscape.
- Simple & user-friendly: Whether you’re a seasoned pro or a novice in car financing, our tool is intuitive and easy to use.
- Transparent results: We believe in clear and transparent calculations. No hidden fees, no ambiguous terms.
- Knowledgeable support: Need help or have questions? Our team of finance experts is just a click or call away.
Use our novated lease repayment calculator to see how much you can save.
How to Use the Novated Leasing Calculator
Want to get a novated lease quote? Make smart decisions with the fingo novated leasing calculator calculator and get your results in just a few easy steps
- Enter your vehicle details: Select or input the make and model of the vehicle you’re considering. This helps tailor the calculations based on real vehicle data.
- Input the vehicle price: Use the default price or enter the purchase price of the car. Make sure this reflects the current market price or your quoted amount.
- Add your annual salary: Enter your gross annual income to allow the calculator to estimate potential tax savings accurately.
- Estimate your yearly travel distance: Provide your expected annual kilometres. This helps calculate fuel or charging costs, along with maintenance estimates.
- Choose your lease term: Select your preferred lease duration, typically between 1 to 5 years, to see how it impacts your repayments and total cost.
- Get your results instantly: Once all inputs are complete, the novated lease calculator Australia will generate:
- estimated monthly repayments
- total cost over the lease term
- potential tax benefits
- overall estimated savings
You can also learn more about how these calculations work in our guide on how a novated lease works.
Novated Lease Calculator For Car
Want to unlock savings with Fingo’s salary sacrifice novated lease calculator?
One of the most attractive aspects of a novated lease is the potential for tax savings through salary sacrifice. Our salary sacrifice novated leasing calculator is designed to help you visualise these savings.
How does salary sacrificing work with a novated lease?
When you enter a novated lease agreement, your employer pays for the lease expenses from your pre-tax salary, reducing your taxable income. This process, known as salary sacrificing, can lead to significant tax savings over the term of your lease.
Whether you’re considering an electric vehicle or trying to comprehend the savings from salary sacrificing, Fingo’s specialised novated lease calculator is here to guide you. Simplify your car financing journey, understand the numbers, and drive away with confidence.
Use our EV novated lease calculator today.
Simplify Your Lease Decisions: Advanced Novated Lease Calculator Tools at Your Service
Choosing the right vehicle and lease plan can be complex, but we make it straightforward with our specialised calculator tools, including the novated lease repayment calculator. These tools are designed to help you navigate the financial aspects of novated leasing with precision and ease.
How Our Calculators Assist You:
- Accurate Repayment Forecasts: Our novated lease payment calculator provides accurate monthly repayment estimates for any vehicle you’re considering. This tool considers various factors like lease terms, vehicle prices, and salary to understand your financial commitment throughout the lease clearly.
- Understanding Total Lease Payments: The novated lease calculator helps break down the total cost of your lease, including all associated fees, taxes and potential savings. This transparency ensures no surprises, and you fully understand your financial obligations and benefits from day one.
- Specialised Calculations for Electric Vehicles: Our EV novated lease calculator is explicitly tailored for electric vehicles, considering the unique tax benefits, lower running costs and government incentives available for EVs. This tool allows you to see the specific advantages of leasing an electric vehicle compared to conventional cars, helping you make an environmentally friendly, cost-effective choice.
- Updated Data: We continuously update our calculators with the latest tax laws, FBT rates, and EV incentives to ensure you receive the most accurate and relevant information possible.
- User-Friendly Interface: Our calculators are designed to be easy to use, regardless of your financial expertise. We provide clear instructions and the option for guided assistance if needed.
By leveraging our sophisticated novated car lease finance calculator, you can confidently navigate the complexities of novated leasing. These tools are part of our commitment to empowering you with knowledge and technology to make informed financial decisions regarding your vehicle leasing options.
Frequently Asked Questions
How does the Novated Lease Calculator benefit me?
Our Novated Lease Calculator provides a clear breakdown of potential savings you might achieve through salary sacrificing. It helps you visualise how much of your pre-tax salary would go towards the vehicle and the associated tax benefits.
How does Fingo ensure the accuracy of the calculations?
Our calculators are designed with the latest financial algorithms and are continuously updated to reflect current market conditions and Australian taxation laws, ensuring you receive accurate and up-to-date information.
Are there any fees or costs to use Fingo's Novated Lease Calculator?
No, the Novated Lease Calculator is a complimentary tool provided by Fingo to assist users in making informed decisions about novated leasing.
What information do I need to use the novated lease calculator?
To get an estimate, you’ll need to enter your vehicle details (make, model and price), your annual pre-tax salary, estimated yearly kilometres, preferred lease term. These inputs help generate a personalised estimate.
Does the calculator show the impact on my take-home pay?
Yes, the calculator estimates how a novated lease may affect your overall cost and potential tax impact based on your salary. However, the exact impact on your take-home pay may vary depending on your employer’s salary packaging arrangement.
Can I compare petrol and electric vehicles using the calculator?
Yes, the calculator allows you to select whether the vehicle is an EV or hydrogen fuel cell vehicle. This helps you compare how different vehicle types may affect your estimated costs under a novated lease.
Does the calculator include running costs like fuel and servicing?
Yes, the calculator provides estimated running costs such as fuel or charging, servicing, insurance and registration. These are based on typical assumptions and your inputs, helping you understand the total cost over the lease term.
Can I adjust the lease term to see different results?
Yes, you can change the preferred lease length, typically between 1 to 5 years. Adjusting the term allows you to see how your estimated repayments and total cost may change over time.
Still have questions? Our dedicated fingo team is always ready to assist and guide you through the intricacies of the novated lease payment calculator!
over 20,000 happy customers and counting
benefits of a novated lease for employees
- no gst on the purchase price
- no deposits or up-front costs
- save on your vehicle running and maintenance costs
- save thousands in income tax
- take your vehicle with you if change jobs
- just one easy monthly payment for all your vehicle expenses
benefits of a novated lease for employers
- cheaper and easier to manage than providing company cars
- provide a more attractive remuneration package to potential and existing customers
- no residual risk
- lower payroll tax and workcover premiums. no surplus vehicles if an employee changes jobs
- we take care of arranging everything so you can focus on important business matters
