TopToolAIAustralia Novated Lease Calculator
Estimate the running costs and potential tax savings of a novated lease on a car in Australia, based on the vehicle price and annual kilometres. A AUD 40,000 vehicle leased over 5 years through a novated arrangement can reduce taxable income enough to offset a meaningful portion of the running costs, though the actual saving depends heavily on the employee's marginal tax rate and annual kilometres driven.
How to use Australia Novated Lease Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
How to use Australia Novated Lease Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
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1
Car price (AUD) Number
The purchase price of the vehicle.
Example: 40000
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2
Annual salary (AUD) Number
Your yearly salary before tax. It decides your tax bracket.
Example: 90000
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3
Lease term (years) Number
How many years you will lease the vehicle for.
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4
Press “Estimate”
Click the button under the boxes. If something is missing or not valid, a short message tells you which box to fix.
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5
Read your result
You see an estimate of your savings from a novated lease. Change any box and try again to compare different numbers.
Australia Novated Lease Calculator FAQs
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