Australian Novated Lease Comparison Calculator

Compare two novated lease options side by side — finance, FBT, EV exemption & tax. All calculations run in-browser; nothing is sent anywhere.
—
Net out-of-pocket cost over the full lease term, after tax savings, FBT and balloon.
—
cheaper over term
💾 Auto-saved
A
Option A —
Finance Details
$
GST on Vehicle $4,545
Net Finance Amount (ex. GST) $45,455
$
% p.a.
%
$
ATO Min Residual (term) 28.13%
Amount Financed (paid down over term) $32,673
Salary & Tax
$
%
Suggested rate incl. Medicare (2025–26) 39%
FBT & Packaging
Statutory Taxable Value (20% p.a.) $10,000
Annual Post-Tax (ECM) Contribution $10,000
Annual FBT Payable $0
Annual Running Costs (optional)
$
$
$
$
$
$
Total Annual Running Costs $6,700
Summary — Loan Option A
Finance
Lease Repayment —
Number of Payments —
Total Repayments —
Total Interest Paid —
Balloon / Residual (end of term) —
Per Month — Salary Deduction
Pre-Tax Deduction —
Post-Tax Deduction (ECM) —
Net Cost After Tax —
FBT & Tax
Annual FBT Payable —
Annual Post-Tax (ECM) Contribution —
Estimated Annual Tax Saving —
Cost Over Full Term
Total Running Costs —
Total Pre-Tax Deductions —
Total Post-Tax (ECM) Contributions —
Net Cost (incl. balloon, after tax) —
B
Option B —
Finance Details
$
GST on Vehicle $4,545
Net Finance Amount (ex. GST) $45,455
$
% p.a.
%
$
ATO Min Residual (term) 28.13%
Amount Financed (paid down over term) $32,673
Salary & Tax
$
%
Suggested rate incl. Medicare (2025–26) 39%
FBT & Packaging
Statutory Taxable Value (20% p.a.) $10,000
Annual Post-Tax (ECM) Contribution $10,000
Annual FBT Payable $0
Annual Running Costs (optional)
$
$
$
$
$
$
Total Annual Running Costs $6,700
Summary — Loan Option B
Finance
Lease Repayment —
Number of Payments —
Total Repayments —
Total Interest Paid —
Balloon / Residual (end of term) —
Per Month — Salary Deduction
Pre-Tax Deduction —
Post-Tax Deduction (ECM) —
Net Cost After Tax —
FBT & Tax
Annual FBT Payable —
Annual Post-Tax (ECM) Contribution —
Estimated Annual Tax Saving —
Cost Over Full Term
Total Running Costs —
Total Pre-Tax Deductions —
Total Post-Tax (ECM) Contributions —
Net Cost (incl. balloon, after tax) —

Cost Composition Over Term

Principal
Interest
Running Costs
FBT
Balloon

Net Out-of-Pocket Cost (after tax)

Option A
Option B
Tax saved vs paying from take-home pay
⚠️ This tool is for illustrative comparison purposes only. It does not constitute financial, tax, or legal advice. Figures are estimates based on standard amortisation formulas, the FBT statutory formula method (20% taxable value, 47% FBT rate, Type-1 gross-up 2.0802) and 2025–26 ATO individual income tax brackets. The EV FBT exemption is modelled for eligible battery/hydrogen electric vehicles first held from 1 July 2022 and priced below the 2025–26 fuel-efficient LCT threshold of $91,387 (PHEVs are no longer eligible from 1 April 2025). Always confirm figures with your novated lease provider and a qualified financial adviser before making any decision.