See exactly how much you could save by salary packaging your next car. Compare novated lease vs standard car loan side by side.
Based on ATO 2024–25 tax rates. FBT rate: 47%.
A novated lease is a three-way arrangement between you, your employer, and a leasing company. Your employer deducts lease payments from your pre-tax salary, reducing your taxable income — so you pay less tax overall.
Battery electric vehicles, plug-in hybrids, and hydrogen fuel cell vehicles under the luxury car tax threshold are fully exempt from FBT. This makes EVs dramatically cheaper via novated lease.
Enter your salary and vehicle details, then click Calculate to see your estimated savings.
This calculator gives a useful estimate — but your actual savings depend on your employer's FBT arrangements and specific lease terms. Lawrence can run the exact numbers for you.
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