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About this calculator

An independent tool built for Australians who want honest numbers — no lead forms, no provider affiliation, no hidden agenda.

Free
Always
No paywalls or sign-ups
100%
Independent
No provider affiliation
2025–26
ATO rates
Updated annually
$0
Data sold
We collect nothing personal

Why we built this

Every other novated lease calculator in Australia is built by a provider. The numbers look right until you realise they assume their own fees, their own interest rates, and quietly route you toward a quote form. We built this because we wanted a calculator that gave honest answers with no strings attached.

There is no lead capture here. No email required. No "get a quote" form that sends your details to a sales team. Just a calculator that uses the same ATO statutory formula your accountant would use, explained transparently so you can understand every number.

Our methodology

All calculations use ATO 2025–26 published rates and the statutory formula method for FBT. Here is exactly what we calculate and how:

Income tax
ATO 2025–26 individual income tax rates including 2% Medicare Levy
FBT
Statutory formula method at 20% of vehicle base value, grossed up at Type 2 rate (1.8868)
EV FBT exemption
Applied to BEVs under the $91,387 LCT threshold per the Electric Car Discount Act 2022
GST saving
1/11th of the vehicle purchase price, as employer claims GST credit
Residual value
ATO minimum residual percentages by lease term (65.63% for 1yr to 28.13% for 5yr)
Running costs
Fuel/charging, registration, insurance, servicing — all user-adjustable
ECM contributions
Calculated to bring FBT to zero for non-exempt vehicles

The calculator does not model employer-specific administration fees, which vary between providers and can meaningfully affect the total cost. Always request a full fee schedule from any provider before signing.

Data sources

Tax rates and FBT statutory rates are sourced directly from the ATO and updated each financial year. The EV FBT exemption rules are sourced from the Treasury Laws Amendment (Electric Car Discount) Act 2022 and ATO guidance. Fuel pricing references the RACQ/AAA national average at time of update.

Limitations and disclaimer

This calculator is for general information only. It does not account for your individual circumstances, state-specific charges, employer salary packaging caps, or provider fees. The results are estimates — your actual savings will depend on the specific terms offered by your employer and chosen provider.

This site does not provide financial advice. Always consult a licensed financial adviser before making decisions about vehicle finance.

Contact

Found an error in our calculations? Have a suggestion? We want to hear from you.

hello@novatedleasecalc.com.au