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Novated Lease Calculator
Free online Novated Lease Calculator tool
Features
Fast Processing
Process your data quickly with our optimized algorithms
Secure
Your data is processed locally, never sent to any server
Accurate
Get precise and reliable results every time
â Frequently Asked Questions
A novated lease is a three-way agreement between an employee, their employer, and a finance company. The employer agrees to make lease payments from the employee's pre-tax salary, which can result in significant tax savings.
The calculator determines tax savings by comparing the pre-tax and post-tax payments. Since novated lease payments are made from pre-tax salary, you pay less income tax. The calculator considers your marginal tax rate to provide accurate savings estimates.
Running costs typically include fuel, maintenance, insurance, registration, and other vehicle-related expenses. These costs can be included in your novated lease payments, providing additional tax benefits.
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