With an easy-to-use interface, the calculator takes into account a range of factors, such as your annual salary, the state you live in, lease term, vehicle size, and whether the car is electric or not. The calculator also considers the estimated vehicle price to give you a comprehensive understanding of your financial situation.
The calculator uses the following assumptions:
- The annual mileage is set at 15,000 km.
- The operating costs per kilometer are $0.04 for electric cars and $0.14 for petrol cars.
- The Fringe Benefits Tax (FBT) rate is 20%.
- The Goods and Services Tax (GST) rate is 10%.
Please note that the results provided by the calculator are rough estimates and should not be considered as financial advice. Your actual novated lease costs will depend on various factors such as your individual mileage, operating costs, interest rates from the leasing company, and other specific circumstances.
Our Novated Lease Calculator aims to help you make informed decisions about your vehicle financing options. However, it is important to consult with a financial advisor or leasing company representative to get a more accurate and personalized assessment of your situation.