A novated lease is a vehicle financing solution that allows you to make car payments out of your pre-tax salary, saving you money and providing significant income tax savings.
To calculate novated lease, input the gross salary and car cost. The calculator will show you how much you can save using a novated lease rather than an ordinary car loan.
A novated lease is clever software that aims to show you the best way to finance a new car. It’s easy to use and shows you how much you could save over the life of your loan, so you can be in control and make the best decision for you.
The calculator above uses a combination of information, including your salary and the cost of the vehicle you’re looking at, along with some mathematical wizardry to calculate the amount you can expect to save. The resulting calculations are then compared to your regular vehicle payments to show how much money you can save each month for your new loan.
While the calculator isn’t perfect, it does give you a rough idea of how much you might be able to save over time. That’s important, as a good deal can make the difference between owning a new car.
There are many factors to consider when choosing the right car, including fuel and running costs, so it’s always a good idea to shop around for the most competitively priced deal. It will also ensure you get a better vehicle and the needed features.
One of the most cost-effective ways to buy a new car is through a novated lease, which is the most tax-efficient way to pay for your next set of wheels. It is because your employer pays most of your monthly finance payment before you even have to pay tax, saving you a tidy sum each year.
A novated lease is an online calculator that will help you work out the total cost of your novated lease. The tool will consider your gross annual salary, car cost and other expenses to clearly show you the costs involved with leasing your new vehicle.
It’s quick and easy to use. Select the vehicle type you want to lease, enter your salary, estimated annual kilometres and preferred lease term, and see estimated costs and savings.
Once you have completed the calculations, placing your order for your new vehicle is a simple process. You can then enjoy cashless motoring and Easi-negotiated discounts on everything from fuel to maintenance.
You can also choose your lease term and negotiate your price with our expert team. They will help you source the best deal and set up your pay deductions, all while assisting you with setting up your budget for the running costs of your vehicle.
You’ll need to enter your gross annual salary before tax and deductions. You’ll also need to add up all your other outgoings, such as car maintenance and registration fees.
After you have a clear picture of the entire cost of your novated lease, you’ll be able to make an informed decision on whether a novated lease is right for you. If you decide to go ahead with a novated lease, it’s a good idea to seek independent advice from an accountant or financial advisor, who can help you determine how much money you could save with a novated lease.
In addition to saving you money, a novated lease can reduce your overall tax bill by helping you minimise your taxable income. It also helps to avoid paying GST on the purchase price of your new vehicle, which may help lower your costs by a further 10 per cent.
A novated lease is an excellent option for many people. It is a tax-effective way of financing your new or second-hand vehicle, and it can greatly benefit you and your employer. The savings can be significant and can easily be worth the time and effort invested in getting your employer’s novated lease agreement approved.
A novated lease is a calculator that you can use to estimate the repayment amount of a novated lease. It’s a reliable way to determine how much you should expect to pay monthly, and it can help you compare quotes from different lenders.
Typically, the finance company will purchase the vehicle you want through a novated lease, and you’ll make the monthly repayments until the end of the lease term. At the end of your lease, you can take ownership of the car for its residual value or renew it.
Another benefit of a novated lease is that the payment comes straight from your pre-tax income, meaning you can save on your tax. That’s because you don’t pay GST on the vehicle purchase, which is about 10% of the price.
You also don’t have to worry about any extra costs associated with running a novated lease, such as registration and insurance renewals. That’s because we’ll set you up with a customised plan that covers everything you need, from fuel to registration and tyres.