How can I calculate my savings with a novated lease?

Table of Content

• You are unable to access jade.finance
• Calculate your savings on a Novated Lease
• What are the benefits of a Novated Lease?
• What are the benefits?

Try it to see the benefits of packaging a novated lease vehicles with us. You can choose to salary package almost any new car available in Australia. We can offer you outstanding deals on hundreds of sports, family and prestige vehicles – cars, wagons, 4WDs and SUVs - from dealers Australia-wide. We have long-established relationships with premium dealers who stock all the top brands, so our buying power is second to none.

Example – Mary drives 15,000kms per year and is about to start a 5 year lease. In our Novated Lease calculator we use $2.25 for the fuel cost because we have clients in parts of Australia where fuel is consistently at this price level. Note that the calculations include a provision for fringe benefits tax , which has been calculated by using the statutory formula method .

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This gives the financier more confidence that their loan is going to be repaid. The salary packaging amounts and take-home pay calculations set out above are estimates only based on particular assumptions by SG Fleet and the minimal information you provide. Calculations do not take into account any luxury car levy that may be payable in cases where the amount financed exceeds the car limit as set by the Australian Taxation Office. Calculations will vary where the luxury car levy applies. Our Novated Lease calculator automatically calculates your cost to take home pay and tax savings every time one of the above variables are updated or changed.

Registration and insurance have already been calculated. FBT Employee contribution – This is a simple 20% of the FBT base value calculated above. Government on-road costs of 12 months registration and stamp duty. Request a quote today, speak to a leasing expert and they will prepare a free quote so you can see the numbers in black and white. Ask your consultant what it is, and if they get fluffy maybe drill down a bit more to make sure you get a good deal.

Calculate your savings on a Novated Lease

Or, request a quote and a Novate It partner can reach out to you and answer any questions regarding rate you may have. They will say, “I just want to do a calculation without having to talk to someone, you just want my details”. We think, most of the time, these responses are mostly because they are worried about talking to a salesperson. Please read a more details article and view the ATO set percentages by clicking HERE. The Novated Lease Calculator requires scripts to be enabled. We can pay registration renewals directly or again, you can pay it yourself and claim the cost back through the package.

Lease term; How you want the figures to be presented ; your gross annual salary; the vehicle drive away price. Important Information This calculator is provided for illustrative purposes only. The figures are estimates and do not constitute a quote or offer. The figures are based on the information you provided and a number of factors and assumptions. For most people buying a car means they need some form of finance. One of the most common questions is wouldn’t I be better off putting the car on a normal car loan?

What are the benefits of a Novated Lease?

This calculator is provided for illustrative purposes only. The figures are based on a fully maintained Novated lease estimate and do not constitute a quote or offer. The figures are based on the information you provided and a number of assumptions. With a novated lease the calculation has two extra components.

So the main question we need the answer for is “What is this car going to cost me out of my take home pay? Set your budget or select a specific car, below, and see how much you can save with a LeasePlan novated lease. If this sounds a little difficult or daunting please feel free to use our online calculator to do all the hard work, it’s free and we don’t ask for your personal details. This means you can do as many quotes as you like on as many different car prices and salary levels you need.

When looking at any Novated Lease calculator it is important to understand what is included and importantly what is not included. It is very important to understand what is in each of the running cost budgets and how they are calculated. Use our calculator to find out how much you could be saving. While this is an independent budget usually as part of your running costs it is directly linked to expected kms. It is good to discuss these variables in detail with your leading consultant to try and get the quote as accurate as you can.

Vehicle Solutions Novated Lease calculator tells you in seconds the cost to your take home pay for any vehicle value you enter up to the FBT exempt amount of $84,916. Choose your favourite make and model and use our calculator to see how much you can save with a LeasePlan novated lease. For an employee earning a salary it's the smartest way to get a new car. When most people look at buying a car, one of the main decisions that need to be made is about affordability.

The first years Comprehensive Car Insurance can be financed if required. This means that you never have to come up with the cash for your insurance. When the insurance fall due again in 12 months simple send in the renewal and the Salary Packaging provider can pay this out of the funds in your Novated Lease account.

We hope that you have found both our EV Novated Lease Calculator and information on each aspect of the calculator helpful. You’ll obtain high quality service every time, from a specialist who’s committed to your satisfaction, and who’s completely familiar with your needs. Instead of speaking with a different person each time, you’ll be assigned a personal client manager, who’ll look after every aspect of your contract.