Novated leasing calculator

This shows your weekly cost, including: finance, fuel and tyres, insurance and rego, servicing and repairs.

Select your vehicle

Approximate weekly cost

The approximate weekly cost is the reduction in your take home pay to lease the vehicle type indicated. Inclusions in the approximate weekly cost are:

  • Fuel and maintenance, 'up to' your nominated kilometre limit
  • One set of replacement tyres are included for every 40,000 klms
  • Comprehensive insurance, registration and CTP (where applicable)
  • Lease rental and FBT component (FBT is calculated utilising the Employee Contribution Method and utilises a sliding scale for the statutory fraction applied)
Savings over a year

Annual savings have been calculated by comparing the total cost to run the selected vehicle from after tax pay compared to a salary packaging arrangement.

Components that contribute to the overall saving include:

  • Fleet discount on the purchase of the vehicle
  • Income tax savings
  • Vehicle is financed net of GST
  • Most running costs are net of GST
  • Fuel is paid from pre tax dollars, significantly reducing the cost per litre

Leasing information

Approximate on-road cost
Annual salary
Annual kms
Lease term
Approximate weekly cost
Savings over 1 year term
Enter your details
Collection statement
Calculations provided are an estimate only and do not constitute a quote or offer of finance. SG Fleet recommends that you seek your own independent legal, financial and tax advice when making any decisions in respect of a novated lease. SG Fleet makes no representations, warranties (express or implied) whatsoever about the functionality or accuracy of this calculator and accepts no liability arising out of your use of or access to this calculator including (without limitation) any errors or omissions.

The salary packaging amounts and take-home pay calculations set out above are estimates only based on particular assumptions by SG Fleet (further details are available upon request) and the minimal information you provide. Calculations do not take into account any luxury car levy that may be payable in cases where the amount financed exceeds the car limit as set by the Australian Taxation Office. Calculations will vary where the luxury car levy applies.

Note that the calculations include a provision for fringe benefits tax (FBT), which has been calculated by using  the statutory formula method (based on a single flat rate of 20 per cent).  

SG Fleet does not purport to offer legal, financial or taxation advice. Employers and employees should seek independent advice as to the implications of a novated lease transaction.

More ways to save

When you choose SG Fleet, there are more ways to save, reducing your costs even further.

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