3.4: Novated Lease Calculator

Welcome to our online novated lease calculator tool, NOVA, which will show you the (potential) tax savings you may achieve with a novated lease.

Disclaimer: Any estimates calculated by this tool are provided for illustrative purposes only and do not constitute a legal offer to provide the nominated vehicle at the stated price, terms or conditions.

There are a number of assumptions made that may not be valid in your particular circumstances including:

  • Your employer is a full FBT payable type entity;
  • Estimated lease costs are based on a number of assumptions for comparative purposes;
  • The nominal interest rate used in calculating this estimate is subject to daily change; and
  • Your lease is based on a fully maintained vehicle including registration and CTP, fuel, insurance, maintenance, tyres, roadside assistance membership and cover for one insurance excess during the term of the lease

Elite Fleet Pty Ltd recommends you seek independent professional financial and taxation advice before entering into any contract or arrangement based on the estimates provided. Elite Fleet Pty Ltd does not accept any responsibility for any loss incurred, either directly or indirectly, resulting from any party relying on the estimate provided herein.

You are advised to speak directly with an Elite representative, to discuss a detailed quote based on your needs and requirements.

Note: Calculated using PAYE Tax Rates effective 1 July 2010 © Elite Fleet Pty Ltd 2010