Finance
Servicing
Registration
Fuel/Power
Insurance
Tyres
Our novated lease calculator is designed to give you a clear estimate of your weekly costs and potential tax savings in just a few steps.
To populate the novated leasing calculator, start by selecting a Special Offer model by clicking ‘Personalise Offer’ or scroll slightly down and search the make, model, year and variant of the car you’re considering. Whether you’re comparing petrol, hybrid, or electric vehicles, this helps tailor the estimate to your exact choice.
Where you live affects key costs like delivery fees, stamp duty, and registration. Choosing your state or territory ensures your novated lease calculation reflects real, location-based costs.
Your salary helps estimate your potential tax savings, as benefits vary depending on your income tax bracket. Electric vehicles (EVs) may deliver even more savings due to Fringe Benefit Tax (FBT) exemptions.
The yearly kilometres you drive impacts running costs like fuel, servicing, and tyres which are all bundled into your novated lease. The more you drive, the more benefit you may see from paying these costs pre-tax. When giving examples, we like to use the benchmark of 15,000km per year.
Your lease term plays a major role in your results, as it affects your running cost budgets, residual value and potential tax savings.
It’s also worth considering how long you expect to stay with your current employer, as novated leases are tied to your employment.
Once you’ve entered your details, the novated leasing calculator will show two key figures:
This is the estimated reduction in your take-home pay after tax savings are applied.
It includes:
This figure shows how much your income tax savings could be through salary packaging your chosen vehicle over the lease term.
Keep in mind:
Our novated lease calculator provides a reliable estimate based on current tax rates, vehicle costs, and typical assumptions. However, it’s a guide only – your final quote may vary depending on your employer, lender, and exact vehicle details.
Yes – the novated leasing calculator includes estimated running costs such as fuel or charging, servicing, insurance, registration, and tyres. These are bundled into your lease payments and paid from your salary.
A novated lease may impact your HECS/HELP repayments because it reduces your taxable income. However, your repayment obligations are based on your adjusted taxable income, so it’s important to understand how this applies to your situation. Visit paywise.com.au/hecs for more information.
There’s no fixed minimum salary, and you can be full time or part time to take out a novated lease, but you generally need enough income to comfortably cover the regular payments. The novated lease calculator can help you quickly assess affordability based on your salary, but we encourage you to reach out to get a personalised quote based on your exact circumstances.
Most permanently employed Australians who receive a salary through payroll may be eligible for a novated lease. This includes employees working in:
To qualify, your employer generally needs to offer salary packaging or be willing to set up a novated leasing arrangement through their payroll system (which we can handle).
Eligibility can vary, so we encourage you to reach out to get a personalised quote based on your exact circumstances.
All figures and images are indicative only. For a detailed estimate please request a quote from Paywise.
Before making a decision you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Conditions, fees and charges may apply and finance is available to approved applicants only. FBT exemptions for Electric Vehicles (EVs) subject to eligibility criteria.
