Novated Lease Calculator
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Maxxia's Novated Lease Calculator – Estimate Your Savings
Use our calculator to estimate how much you could save when you salary sacrifice a car with one of Australia’s leading novated lease providers. By combining eligible vehicle costs into one regular payroll deduction, a novated lease can simplify budgeting and potentially lower your tax bill.
Whether you’re exploring an electric vehicle (EV) or petrol-powered car, our calculator gives you a clear estimated view of costs and savings.
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Novated lease calculator Australia
Crunch the numbers
Year
Choose make
Choose model
Choose variant
How much do you drive each year?
Lease length
Finance lowdown
How much tax could I save with a novated lease?+
Weekly cost
Fortnightly cost
Monthly cost
+ Estimated tax savings is the amount you could save if you salary package the car and pay for the lease payments and operating costs with pre-tax salary or a combination of pre-tax and post-tax salary, as compared to if you do not salary package and pay with post-tax salary. Please see ‘Important information about calculations’ below for further information.
Features & inclusions
Car payments
Fuel or charging
Rego
Insurance
Tyres
Servicing
Comparison
Salary
Motor Vehicle Under a Novated Lease
FBT
Administration fee
Net salary
Net Salary After Input Tax Credits
Tax and Medicare
Net cash salary
ECM
Motor Vehicle
Cash Salary
Net Benefit
Car payment without lease
Important information about calculator
*Disclaimer about estimated lease payment calculations
*'Estimated Lease Payment' has been calculated as the total estimated budgeted 'Operating Costs'1 reduced by the estimated 'Net Benefit'2 of salary packaging the category of vehicle chosen. Please refer to the Comparison Table for further information on the possible net benefit of packaging the category of vehicle chosen.
1Operating Costs is defined as the total cost of lease payments & running costs that will be incurred by you if you enter into a novated lease arrangement. Please note that the amount of Operating Costs in this case is an estimate only based on the information provided by you.
2Net Benefit is defined to be the difference between the take home salary if you do not enter into a novated lease arrangement compared to if you do Essentially it is the amount you potentially save on pre-tax deductions. Please note that the amount of Net Benefits calculated in this calculator is an estimate only based on the information provided by you.
Important information about Calculator (Assumptions & Disclaimers)
This calculator is an educational tool only and should not be relied on for the purpose of making a decision about a financial product. Calculations produced are estimates only that do not take your personal circumstances into account and should not be relied on as an accurate quote or offer of finance. The figures generated by this calculator are based on several factors and assumptions. To view a full list of the terms & conditions, and the applicable assumptions (in addition to those already set out in the table), click below. Maxxia recommends you seek professional financial and taxation advice before making any financial decisions regarding a novated lease.
Important information about calculations
Calculator assumptions
- This calculator is provided for illustrative purposes only.
- It does not take into account your personal objectives, financial situation or needs.
- Additional fees and charges may apply, along with credit assessment criteria for certain products.
- The availability of benefits is subject to your employer's approval.
- PAYG tax rates effective 1 July 2026 have been used.
Important information about calculations
All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2026.
Novated leasing calculations assume that:
- The employee contribution method has been used (pre and post-tax funds). The estimated annual operating costs includes estimates of fuel/electricity, maintenance, tyres, registration, comprehensive insurance.
- The residual cost is calculated at 28.13% for novated lease as per ATO guidelines.
- If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit.
- An indicative annual vehicle management service fee of $200.00 (incl. GST) has been included in your operating expenses. This fee may vary depending on your employer.
- The amount financed includes a finance establishment fee of $475.00 (incl. GST) which is charged by the financier.
- GST of 1/11th is payable on your ECM contributions. Input tax credits (i.e. a refund of GST) may be paid into your salary packaging account by your employer, assuming they are eligible for GST input tax credits and they will pass on the benefit to you. State stamp duty rates apply.
- Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Please contact Maxxia for an accurate estimate of your annual net benefit, leasing costs and the fees that may be applicable to you.
This calculator provides general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website. It does not offer a complete overview of applicable taxation methods.
For electric vehicles, plug-in-hybrid vehicles and plug-in hydrogen fuel cell vehicles, please consider the following:
- The estimated tax savings is the amount you could save if you salary package the vehicle using pre-tax salary or a combination of pre-tax and post-tax salary as compared to not salary packaging your vehicle and paying the vehicle running and lease costs only from your post-tax funds.
- For electric car FBT exemption to apply, this calculator assumes that all of the following conditions are met:
- the car selected is an eligible zero or low- emissions vehicle;
- the value of the car at the first retail sale was below the luxury car tax threshold of $91,661 for fuel efficient vehicles and;
- the car is first held and used on or after 1 July 2022.
- From 1 April 2025, a plug-in hybrid electric vehicle is no longer considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must have been delivered by midnight on 31 March 2025.
- Estimated running costs may include those detailed above as well as electricity.
- This calculator does not use or consider any individual’s own financial circumstances at all.
- While electric vehicles on novated lease are FBT-exempt up to the Luxury Car Tax threshold of $91,661, they are required to be reported on applicable employee payment summaries.
- Maxxia recommends that employees seek independent financial and taxation advice on what impact this could have to their personal circumstances, including government payments.
- Users must not rely on or consider any results generated by the calculator as personal taxation advice.
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How does our novated lease calculator work?
Our novated lease calculator follows a simple three-step process:
- The first step, ‘Customise your car’, is where you enter your car of choice, annual mileage, and chosen lease term.
- Secondly, ‘Your income’ is where you provide your annual salary before tax.
- Finally, ‘Results’ provides estimates of tax savings and costs (weekly, fortnightly and monthly) in the ‘Finance lowdown’ tab.
The ‘Results’ page has two other helpful tabs:
‘Key features and novated lease inclusions’ – which bullet-points the car’s highlight features, and selected running costs as part of your overall lease package – and ‘Comparison’, which compares estimated overall costs, with and without a Maxxia novated lease.
How is a novated lease calculated?
A novated lease is calculated by adding the car's estimated finance payments and running costs (including fuel/charging, registration, insurance, servicing), then applying the potential tax savings from salary packaging.
In simple terms:
- Lease payments
- + Eligible running costs
- − Potential tax savings
- = Estimated net cost to you
The calculation is based on:
- Your salary
- Vehicle price
- Lease term
- Annual estimated kilometres
- Vehicle type (petrol, hybrid, or EV)
- Estimated running costs
The calculator shows your estimated lease cost, potential tax savings, and estimated impact on your take-home pay.
What will the novated lease calculator results show?
A novated lease calculator will typically show an estimate of:
- Your lease payment –weekly, fortnightly, or monthly
- The total vehicle cost over the lease term
- Estimated tax savings from salary packaging
- Your change in take-home pay after the lease is deducted
- Eligible running costs included in the lease budget, such as:
o Fuel or charging costs
o Registration
o Insurance
o Servicing and maintenance
o Tyres
The results are estimates only and depend on factors such as:
- Your annual salary
- Vehicle purchase price
- Lease term
- Annual kilometres travelled
Understanding your novated lease savings
A novated lease could help reduce the cost of owning a vehicle by combining potential tax and GST savings with convenient budgeting. Your estimated savings may come from:
- Paying partly or fully for lease costs from your before-tax salary
- Potential GST savings on the car and eligible running costs
- Bundling eligible running costs such as fuel/charging, registration, insurance, and servicing into one regular payment
- Additional savings for eligible EVs through the government’s EV Discount
The calculator estimates these benefits and shows the potential impact on your take-home pay.
What does a novated lease include?
A novated lease typically includes the car’s finance repayments and eligible running costs, managed through salary packaging. These costs are deducted from your salary using a mix of regular before- and after-tax contributions, with the after-tax portion helping offset any FBT liability. (Eligible EVs are FBT-exempt, so after-tax contributions may not be required.)
A novated lease is designed to cover off all your annual eligible car expenses in one simple regular payment across the year, which could include:
- Vehicle finance (lease repayments) for the car you choose.
- Fuel or charging costs for petrol, diesel, hybrid, or electric vehicles.
- Vehicle registration and renewal fees.
- Comprehensive motor vehicle insurance.
- Scheduled servicing, maintenance and repairs.
- Tyre replacement and tyre maintenance
More frequently asked questions (FAQ)
How accurate is the novated lease calculator?
A novated lease calculator provides an estimate only. Your actual savings and costs may vary depending on factors such as your employer’s salary packaging policy, the vehicle you choose, any changes to tax legislation, and your individual circumstances. It’s best used as a guide to help you start planning.
What details do I need to get started?
You’ll typically need to provide your annual salary, the price of the car you’re after, your preferred lease term, and how many kilometres you expect to drive each year. The more accurate your information, the more personalised your estimate will be.
Why use a novated lease calculator before leasing a car?
A novated lease calculator gives you a quick estimated overview for you to weigh up before making any decisions. It gives you the option to compare vehicles, and get an estimate of your potential tax savings. This could help you make a more informed decision and move forward with greater confidence.
Can I compare different vehicles or options?
Yes. The calculator lets you explore different vehicles, lease terms and budgets, making it easier to find an option that suits your individual circumstances.
Can I use the novated lease calculator for electric vehicles?
Yes, you can use the calculator to estimate costs and savings for electric vehicles (EVs). It also factors in the Fringe Benefits Tax (FBT) exemption for eligible EVs in Australia. This allows you to explore how choosing an eligible EV could increase your potential savings compared to a petrol or diesel vehicle.