Novated Lease Calculator

Our lease calculator for employees offers a comprehensive breakdown of all costs involved so there are no surprises down the line. Calculate your Novated Lease with Toyota Fleet Management and discover how much you can save with a Novated Lease vs a standard car loan or cash.

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Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
* Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).

* This is an indicative quote only. Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

* This calculator does not report any employee Reportable Fringe Benefit Amount (RFBA) arising from a Novated Lease. However, there may be a RFBA arising from your Novated Lease. The extent to which a RFBA may adversely impact an employee will depend on an employee’s facts and circumstances and employees should obtain their own independent advice on RFBA matters.

Please refer to the Australian Tax Office (ATO) website for further information on RFBAs and the consequences of RFBAs for an employee.

# Employer exemption for Fringe Benefits Tax (FBT) has been applied to the calculation for eligible fully electric and plug-in hybrid electric vehicles that meet the criteria, including being first registered when new on or after 1 July 2022, as prescribed under the Treasury Laws Amendment (Electric Car Discount) Act 2022.

TFM recommends that you seek independent advice from a qualified Legal Advisor, Financial Advisor or Registered Tax Practitioner.

Detailed Breakdown
Your gross salary
Novated lease pre-tax The pre-tax amount that will be deducted from your gross salary, which reduces your taxable income.
Taxable salary The salary that's used to work out your income tax liability.
Income tax
Your salary after tax Your annual salary after income tax has been taken out.
Novated lease post-tax (ECM ) The amount taken from your after tax salary (ECM) used to offset your FBT.
Estimated Salary after Novated Lease This is your salary when novated lease costs have been deducted.
Novated Lease finance
Maintenance and tyres Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM)
Registration and CTP renewal
Fuel and/or Energy (EV)
Comprehensive insurance Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM)
Management fee
Total Car Running Costs
Minus potential tax saving Total tax saving, including income tax and GST.
Total car running cost after tax saving~
CALL US DIRECT
REQUEST CONTACT

Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
* Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).

* This is an indicative quote only. Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

* This calculator does not report any employee Reportable Fringe Benefit Amount (RFBA) arising from a Novated Lease. However, there may be a RFBA arising from your Novated Lease. The extent to which a RFBA may adversely impact an employee will depend on an employee’s facts and circumstances and employees should obtain their own independent advice on RFBA matters.

Please refer to the Australian Tax Office (ATO) website for further information on RFBAs and the consequences of RFBAs for an employee.

# Employer exemption for Fringe Benefits Tax (FBT) has been applied to the calculation for eligible fully electric and plug-in hybrid electric vehicles that meet the criteria, including being first registered when new on or after 1 July 2022, as prescribed under the Treasury Laws Amendment (Electric Car Discount) Act 2022.

TFM recommends that you seek independent advice from a qualified Legal Advisor, Financial Advisor or Registered Tax Practitioner.

Lease Details

To start, select a car type

Use sliders or input details

$
$
yrs
%
$
%

Estimated Cost

$ * p/month
$ * p/fortnight
$ * p/week
Includes all running costs & potential tax savings

Potential total saving

$ *
Compared with a -year vehicle loan
CALL US DIRECT
REQUEST CONTACT

Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
* Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

Disclaimer

^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).

* This is an indicative quote only. Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.

* This calculator does not report any employee Reportable Fringe Benefit Amount (RFBA) arising from a Novated Lease. However, there may be a RFBA arising from your Novated Lease. The extent to which a RFBA may adversely impact an employee will depend on an employee’s facts and circumstances and employees should obtain their own independent advice on RFBA matters.

Please refer to the Australian Tax Office (ATO) website for further information on RFBAs and the consequences of RFBAs for an employee.

# Employer exemption for Fringe Benefits Tax (FBT) has been applied to the calculation for eligible fully electric and plug-in hybrid electric vehicles that meet the criteria, including being first registered when new on or after 1 July 2022, as prescribed under the Treasury Laws Amendment (Electric Car Discount) Act 2022.

TFM recommends that you seek independent advice from a qualified Legal Advisor, Financial Advisor or Registered Tax Practitioner.

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