Novated Lease Calculator

This service is simple and easy, all you do is Search, Compare and Select the best Novated Lease quote from the best banks and finance providers in Australia. And best of all, we give you access to real instant finance quotes that are based on finance type, vehicle age, term and financed amount. In fact, its as real as it gets online!

Novated Lease Calculator

No Payout Penalties

bulb Its such an important concept to understand when deciding on your next car finacing option. "Payout Penalties" can add thousands of dollars to your payout figure upon early termination. 1300 Calculator can show you what to look out for and tips on how to avoid them. Find out more

Car Finance Comparisons

bulb Confused by all the car finaincing options? Do you want to know what the best car finance option is right for you? 1300 Calculator compares all the car finance options available for your individual or business requirements! Find out more

Novated Lease

What is a Novated Lease?

calculator A novated lease is a finance lease established by an employee via a finance provider. Their employer agrees to take over all rights and responsibilities of the lease for the duration of the lease term or until the individual leaves their employment. All novated lease costs and other costs to maintain the vehicle (insurance, fuel, maintenance, tyres, if included) are paid by the employer using pre-tax dollars and reducing the employee's taxable income.

Novated Lease Benefits

  • An individual can choose a vehicle that suits their needs eg. sedan, wagon, 4x4, new or used
  • Repayments are deducted from the employee’s salary package in pre-tax dollars so your taxable income is reduced
  • Flexible Novated Lease contract terms ranging from 12 – 60 months
  • A Novated Lease is the same as a standard lease, however your employer makes the repayments on your behalf
  • If you leave your employer for any reason, you can simply continue the repayments yourself or negotiate a new novation agreement with your new employer
  • At the end of the Novated Lease period the employee retains any equity built up in the vehicle

Novated Lease? Its like getting an instant payrise!

The savings gained via a novated lease versus paying for a vehicle out of your net income is like having addition funds in your pocket. Other novated lease benefits include, Flexibility in choice of vehicle, Substantial GST savings, able to used vehicle for 100% private use, taxation savings and much more.

Novated Lease myth busters

It doesn't matter how much you earn, or how many kilometres you travel - anyone can benefit from a novated lease.

Packaged cars don't have to be used for work! Even your spouse or children can drive them most of the time.