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GOOD NEWS – Because there is a residual value at the end, your repayments are cheaper during the lease term. Most people use these cheap finance payments to get into a more expensive car. Novated Leasing for most people is difficult to understand. A Novated Lease calculator needs to have easy to use fields to complete personal information that can produce the quote. In our Novated Lease calculator we use $1.50 for the fuel cost because we have clients in parts of Australia where fuel is consistently at this price level. In our Novated Lease calculator we use $500 as a miscilanious for the fuel cost because we have clients in parts of Australia where fuel is consistently at this price level.
Novateit.com.au is Australia’s home for everything Novated Leasing. We live and breathe novated leasing because who likes to pay tax! If you have any questions or would like a quote, reach out to NovateIt.com.au today. To get a true comparison of the difference between a loan and a lease please read our article by clicking HERE.
Information about our Novated Lease Calculator
Vehicle Solutions Novated Lease calculator tells you in less than 30 seconds the exact cost to your take home pay for any vehicle value you enter. One of the most important aspects of creating the best Novated Lease calculator is to provide time, space and privacy for people to complete their decision-making process. We never ask for your personal details before providing a quote, but we are always here to answer any questions, and we continually update our “More Information” pages.
The ATO allow you to pay for your car through your employer. This arrangement saves you take and is very convenient to run. However for tax purposes only, because your employer is paying for the car from money deducted from your salary you can’t get any equity in this vehicle. That means it needs to be paid back to a realistic market value at the end of the lease.
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We hope that you have found both our EV Novated Lease Calculator and information on each aspect of the calculator helpful. You’ll obtain high quality service every time, from a specialist who’s committed to your satisfaction, and who’s completely familiar with your needs. Instead of speaking with a different person each time, you’ll be assigned a personal client manager, who’ll look after every aspect of your contract.
Unfortunately the vehicle you have selected is not available to quote online due to it being a specialised asset. The potential to extend the lease, upgrade your car or buy the vehicle. See what your options are with our easy, interactive calculators. Pay period is based on your selected pay schedule in the calculator. Novated Leasing is the cornerstone employee benefit for all Australian government, and private sector employers.
Or click HERE for our EV Novated Lease Calculator
We only employ experienced specialists in salary packaging and fringe benefits tax, who stay totally up to date with Australia’s ever-changing taxation landscape with ongoing training. With our specialist guidance, you can learn the secrets of using your pre-tax salary to save thousands on a new vehicle, your mortgage and much more. This calculator has not taken into account any FBT exemptions you may be entitled to, nor does it consider the effects of other salary packaging items. While most people will already have these factored into the car price, just remember you can include any extras you want on the car at the start of the lease. Think long and hard about this one because you aren’t meant to add any capital value to the vehicle after the lease begins but you can kit it out big time at the start. Most, basically all novated companies will charge a monthly fee to manage your lease.
For example, as I type this, fuel in Australia is well over $2 a litre. Most people with existing novated leases will not have thought fuel will hit $2 so their budgets will be a little out of whack. All you have to do is call your novated company and adjust your budget. Calculations provided are an estimate only and do not constitute a quote or offer of finance. SG Fleet recommends that you seek your own independent legal, financial and tax advice when making any decisions in respect of a novated lease. There is nothing more frustrating than being quoted a figure on a website and then being charged something else when you go to pick up your item.
What is a Novated Lease?
They are big moving parts to a novated lease and thus the big things that will impact your numbers when getting novated lease calculations and quotes. If you want to talk to an expert and get a quote specific to your situation, fill out one of our forms today and a Novate It expert novated leasing partner will be in touch. If you change the price of the vehicle you want, even if it is marginal it will impact the calculations and thus there will be an impact on your take home pay. This can be especially poignant when you start to hit things like the luxury car tax threshold. It is borderline impossible to compare something if there is more than one variable missing. With a novated leasing quote, this is often the case.
So the main question we need the answer for is “What is this car going to cost me out of my take home pay? Set your budget or select a specific car, below, and see how much you can save with a LeasePlan novated lease. If this sounds a little difficult or daunting please feel free to use our online calculator to do all the hard work, it’s free and we don’t ask for your personal details. This means you can do as many quotes as you like on as many different car prices and salary levels you need.
Annual Salary – You will need you complete gross annual salary figure before any tax or deductions. Option 2, request a quote from Novate It and get a personalised, accurate quote and actually get the numbers in black and white not some airy fairy quote from the internet. Then, if you don’t like it or don’t want to proceed you options are, tell your leasing consultant, thank you but no thank you or never answer their calls again.
Registration and insurance have already been calculated. FBT Employee contribution – This is a simple 20% of the FBT base value calculated above. Government on-road costs of 12 months registration and stamp duty. Request a quote today, speak to a leasing expert and they will prepare a free quote so you can see the numbers in black and white. Ask your consultant what it is, and if they get fluffy maybe drill down a bit more to make sure you get a good deal.
(Amount shown includes GST and excludes dealer delivery and on-road costs). You are spending below the amount your Employer has provided for your Vehicle Allowance. In most cases, you will pocket the difference each pay period. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
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