Novated Lease Guide & Calculator

Calculator models true net cost — not the inflated "tax saved" figure providers advertise.


Many people dismiss EV novated leases for the wrong reasons, based on outdated rules of thumb rather than current rules.

Many people sign up for novated leases for the wrong reasons, based on misleading sales pitches rather than a clear understanding of costs, risks, and trade‑offs.

This site is written for both. The calculator is one of very few that models true net savings — not the misleading "tax saved" figure most providers advertise. The accompanying articles cover the pros and cons in depth, written by someone with no affiliation with any leasing company and no financial interest in your decision.

🆕 Updated May 2026: The calculator and articles fully reflect the new EV FBT wind-back rules announced in the May 2026 Budget — including the 25% FBT discount applying from April 2027 for eligible EVs above $75,000. Read the full explainer →
EV · FBT-Exempt · 5 yr · $81,423 Example result
Novated Lease vs Offset Cash
$47,132
cheaper over 5 years
NL lease payments$51,030
NL residual payout$23,235
NL electricity gain−$2,246
NL total$72,018
Cash driveaway$81,423
Cash running costs$14,945
Offset Cash total$96,367
Cashflow advantage+$24,349
Home loan offset advantage+$22,783
Total saving$47,132
What readers said
"I've been pointing my friends and family towards your calculator and it's saved them a bunch."
Reddit commenter (r/AusFinance) · source
"Thanks for all your work... I hate to think of all the people who have gone into novated leases that haven't been aware of your calculator."
OzBargain commenter · source
"I found your resources incredibly helpful and easy to follow. Appreciate your amazing work!"
Facebook group member · source
"I make it a rule to not give money to strangers on the internet but this is some of the best work I've seen on the internet..."
Buy Me a Coffee supporter · source