Savings calculator
See the whole lease, per pay, before you talk to anyone.
The same engine that prices quotes on the platform, running in your browser. Change anything and every figure updates — no email address required.
Estimated cost per fortnight
$683
all-inclusive · $683 pre-tax · no post-tax portion
FBT exempt EV
Estimated saving
$7,413
per year vs buying privately
$22,240
over 3 years
Actual impact on your take-home pay
$465 per fortnight
$683 leaves your salary, but $219 of that would have gone to income tax anyway. That's a car, fully run, for $465 a fortnight.
Annual comparison
- Buying privately: loan + running costs (inc GST)
- $19,493
- Novated lease: pre-tax deduction
- $17,765
- less income tax saved
- − $5,685
- plus post-tax deduction
- + $0
- Novated lease: net cost to you
- $12,080
- Saving
- $7,413
Estimates only, using FY2025–26 resident tax rates (including Medicare levy and LITO), ATO minimum residuals, the statutory FBT formula with the Employee Contribution Method, and average running-cost budgets. It does not account for HELP repayments, Medicare levy surcharge, reportable fringe benefits on income tests, or your employer's policy. Not financial or tax advice — consider seeking independent advice.
How the estimate is built
Nine steps, no black box.
This is the calculation the platform performs on every quote version. A consultant's confirmed quote replaces the defaults with your funder's rate card, your employer's policy and the vehicle's real running-cost schedule.
- 01
On-road cost
Drive-away price plus stamp duty for your state. The GST on the car (up to the ATO car limit) is claimed by your employer and comes off the amount financed. - 02
Residual value
Set at the ATO minimum for the term — from 65.63% at 12 months to 28.13% at 60 — so it's the lowest lawful balloon. - 03
Finance repayment
A standard amortising repayment on the amount financed, with the residual as the balloon, at the funder's rate. - 04
Running costs
Fuel or charging, servicing, tyres, insurance, registration, roadside and the management fee, budgeted from your kilometres and vehicle. - 05
GST off running costs
Your employer claims the GST on every running cost, so the package carries them at ten-elevenths of retail. - 06
FBT taxable value
20% of the car's base value under the statutory formula — or nil for an eligible electric vehicle. - 07
The ECM split
A post-tax contribution equal to the taxable value cancels the FBT; the remainder of the package is deducted pre-tax. - 08
Per-pay amount
Annual figures divided by 52, 26 or 12 to match your payroll. - 09
Tax comparison
Income tax on your salary with and without the pre-tax deduction, compared with financing and running the same car privately.
Want it confirmed?
Send us the link to your numbers and a consultant will price it against your employer's policy and funder panel within one business day.