Novated leasing calculator

See how much you could save with an SG Fleet novated lease.

Select the type of vehicle you like, enter your salary, estimated annual kilometres, and preferred lease term, and see estimated costs and savings to help you find your ideal choice.

Try it to see the benefits of packaging a novated lease vehicles with us.

Select your vehicle

Estimated on road cost

This is the cost of the vehicle including GST and on-road costs. For example:

Small Vehicle: Hyundai i30 entry level $18,000-$20,000, Ford Focus entry level $20,000 - $22,000
SUV: Mitsubishi Outlander entry level $32,000 - $34,000 Subaru Forester entry level $35,000 - $37,000
Large Sedan: Holden Commodore entry level $36,000 - $38,000 Ford Falcon entry level $36,000 - $38,000
Large 4WD: Nissan Patrol entry level $58,000 - $60,000 Mitsubishi Pajero entry level $56,000 - $58,000

Annual salary This is your gross annual wage, including any regular bonus or commission payments, less any other salary packaging arrangements you have in place.

Annual km This is the amount of kilometres you expect to travel in each full FBT year. Annual kilometres will be calculated on a pro-rata basis when the vehicle is not held for the full FBT year (April 1st - March 31st)

Lease term Please note our minimum lease term is 12 months, and maximum lease term is 60 months.

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)

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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

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Leasing information

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Approximate on-road cost

Annual salary

Annual kms

Lease term

Approximate weekly cost

Savings over 1 year term

Enter your details

Collection statement

Disclaimer:

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.

Too busy to shop

You’ve always got lots going on. In the hustle bustle, finding the time for things like shopping around for that new car you want can easily get pushed to the bottom of your list.

We can help. We will do the hard yards and negotiate a better new car price for you, we can also help arrange test drives, and get you a better trade-in deal with our hassle-free service. And once your new lease starts, we take care of all your car's needs for hassle-free driving.

Watch our short ‘less life admin’ video to find out more.