Novated Lease Calculator: Novated EV Lease Calculator
Novated leasing combines car finance and running costs into one affordable monthly payment, taking the guesswork out of budgeting. Plus, you’ll enjoy fleet discounts on tyres, maintenance and fuel.
Calculate your monthly repayments.
Novated leases are a great way to purchase a vehicle using a loan deducted from your salary each pay period. It allows employees to save money on interest costs and often increases their take-home pay by up to 5%. For more information about the NovatedEV novated lease calculator, click here.
Novated leasing also includes car running costs like fuel, insurance and servicing. It can help you reduce your overall vehicle costs as well as reduce the impact on the environment.
The Australian Government’s EV Discount makes an EV even more affordable through a novated lease. It means you’ll save on Fringe Benefits, Tax, servicing, tyres and much more.
Use our calculator to get an idea of what your monthly repayments will be. It is easy and fast and can be used on any vehicle. It will show you how to save with a novated lease and whether it is correct. It also helps to calculate how your repayments would change over the loan term.
Calculate your annual repayments.
Novated leasing is a finance arrangement allowing you to package your car payments and running costs into your pre-tax salary. That means that when you drive an eligible EV, you can save on FBT, GST, registration, servicing, insurance and tyres – all in one easy monthly payment. For more information about the NovatedEV novated lease calculator, click here.
This EV novated lease calculator is designed to give you a clear picture of your annual repayments. Just enter your estimated car cost, gross salary and other details to see how much you could save.
A novated lease makes EVs more affordable because they don’t attract Luxury Car Tax (LCT). This savings on vehicle purchase and ongoing operating costs make it an ideal way to move from petrol or diesel cars to electric vehicles. Our calculator is easy to use and provides a comprehensive breakdown of all your costs so you’ll know what to expect exactly. We also care for you, including sourcing and paperwork, processing your application, managing ongoing payments and all repairs and maintenance.
Calculate your total cost of ownership.
Whether you’re looking for a new or used car, it’s a good idea to determine how much it will cost you with and without a novated lease. Our novated lease calculator will help you calculate both monthly and net costs.
A novated lease is a salary sacrifice arrangement that brings your employer into the purchasing agreement, allowing you to pay for the vehicle and budgeted running costs from pre-tax income. It will save you money in the form of fringe benefits tax and GST savings and reduce your taxable income.
Our novated lease quotes include all the usual running costs, including fuel, tyres and scheduled servicing. It helps you avoid bill shock and allows you to compare like with like.
In addition, we can also finance your first year of comprehensive car insurance; this will be included in your regular payment and will reduce your running costs even further. EVs also attract less Luxury Car Tax and are exempt from Import Tariffs if they sit below the $89,332 threshold. For more information about the NovatedEV novated lease calculator, click here.
Calculate your residual value.
Novated leases are a bit of a strange concept initially; essentially, you’re paying for a car you won’t ever own. It can save you money on your car’s running costs while allowing you to switch cars regularly (brands, styles, sizes, etc) as you wish.
Like a balloon that starts blowing up big and bulbous before eventually getting smaller and less formidable, you’ll have a residual amount to pay at the end of your novated lease. It is a requirement set by the ATO, but don’t worry, it’s nothing to be afraid of.
The good news is that these payments can be salary packaged using pre-tax money (or fully pre-tax for eligible EVs). It reduces your total taxable income and can result in substantial cash savings on the cost of your EV.