§ Tool · tier 1 · independent
Novated Lease Calculator.
Calculate tax savings from salary sacrificing a car through novated lease
CalculatorFree, no signupOn-deviceupd May 2026
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Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.
A novated lease lets you salary sacrifice a car and running costs, reducing your taxable income. This calculator shows your potential tax savings and effective car cost.
§ Worked examples
Real-world scenarios
Mid-Income Novated Lease
$85,000 salary, $40,000 car over 4 years, 15,000km/year, $6,500 annual running costs.
Inputs
salary:85,000car:40,000term:4running:6,500
Annual cost: ~$16,500 from salary. Tax saving: ~$4,800/year. Effective cost: $11,700/year vs $15,000+ buying normally.
§ FAQ
Questions Australians ask
§ GlossaryNovated Lease A three-way agreement between employee, employer, and finance company for salary packaging a car. Salary Sacrifice Paying for benefits from pre-tax salary, reducing taxable income. Fringe Benefits Tax (FBT) Tax on non-cash employee benefits. Novated leases use ECM or statutory method to minimize. ECM (Employee Contribution Method) Post-tax payments that reduce the FBT liability on a novated lease.