RemServ's hottest cars
Toyota Rav 4__TOY__RAV
BYD Shark 6__BYD__SK6
Tesla Model Y__TES__MOY
Kia EV5__KIA__EV5
Novated lease calculator
Crunch the numbers
Choose year
Choose make
Choose model
Choose variant
How much do you drive each year?
Lease length
Finance lowdown
How much tax could I save with a novated lease?+
Weekly cost
Fortnightly cost
Monthly cost
+ Estimated tax savings is the amount you could save if you salary package the car and pay for the lease payments and operating costs with pre-tax salary or a combination of pre-tax and post-tax salary, as compared to if you do not salary package and pay with post-tax salary. Please see ‘Important information about calculations’ below for further information.
Features & inclusions
Car payments
Fuel or charging
Rego
Insurance
Tyres
Servicing
Comparison
Salary
Motor Vehicle Under a Novated Lease
FBT
Administration fee
Net salary
Net Salary After Input Tax Credits
Tax and Medicare
Net cash salary
ECM
Motor Vehicle
Cash Salary
Net Benefit
Car payment without lease
Important information about calculator
*Disclaimer about estimated lease payment calculations
*’Estimated Lease Payment' has been calculated as the total estimated budgeted 'Operating Costs'1 reduced by the estimated 'Net Benefit'2 of salary packaging the category of vehicle chosen. Please refer to the Comparison Table for further information on the possible net benefit of packaging the category of vehicle chosen.
1Operating Costs is defined as the total cost of lease payments & running costs that will be incurred by you if you enter into a novated lease arrangement. Please note that the amount of Operating Costs in this case is an estimate only based on the information provided by you.
2Net Benefit is defined to be the difference between the take home salary if you do not enter into a novated lease arrangement compared to if you do Essentially it is the amount you potentially save on pre-tax deductions. Please note that the amount of Net Benefits calculated in this calculator is an estimate only based on the information provided by you.
Important information about Calculator (Assumptions & Disclaimers)
This calculator is an educational tool only and should not be relied on for the purpose of making a decision about a financial product. Calculations produced are estimates only that do not take your personal circumstances into account and should not be relied on as an accurate quote or offer of finance. The figures generated by this calculator are based on several factors and assumptions. To view a full list of the terms & conditions, and the applicable assumptions (in addition to those already set out in the table), click below. Maxxia recommends you seek professional financial and taxation advice before making any financial decisions regarding a novated lease.
Important information about calculations
Calculator assumptions
- This calculator is provided for illustrative purposes only.
- It does not take into account your personal objectives, financial situation or needs.
- Additional fees and charges may apply, along with credit assessment criteria for certain products.
- The availability of benefits is subject to your employer's approval.
- PAYG tax rates effective 1 July 2024 have been used.
Important information about calculations
All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2024.
Novated leasing calculations assume that:
- The employee contribution method has been used (pre and post-tax funds). The estimated annual operating costs includes estimates of fuel/electricity, maintenance, tyres, registration, comprehensive insurance.
- The residual cost is calculated at 28.13% for novated lease as per ATO guidelines.
- If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit.
- An indicative annual vehicle management service fee of $200.00 (incl. GST) has been included in your operating expenses. This fee may vary depending on your employer.
- The amount financed includes a finance establishment fee of $475.00 (incl. GST) which is charged by the financier.
- GST of 1/11th is payable on your ECM contributions. Input tax credits (i.e. a refund of GST) may be paid into your salary packaging account by your employer, assuming they are eligible for GST input tax credits and they will pass on the benefit to you. State stamp duty rates apply.
- Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Please contact Maxxia for an accurate estimate of your annual net benefit, leasing costs and the fees that may be applicable to you.
This calculator provides general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website. It does not offer a complete overview of applicable taxation methods.
For electric vehicles, plug-in-hybrid vehicles and plug-in hydrogen fuel cell vehicles, please consider the following:
- The estimated tax savings is the amount you could save if you salary package the vehicle using pre-tax salary or a combination of pre-tax and post-tax salary as compared to not salary packaging your vehicle and paying the vehicle running and lease costs only from your post-tax funds.
- For electric car FBT exemption to apply, this calculator assumes that all of the following conditions are met:
- the car selected is an eligible zero or low- emissions vehicle;
- the value of the car at the first retail sale was below the luxury car tax threshold of $91,387 for fuel efficient vehicles and;
- the car is first held and used on or after 1 July 2022.
- From 1 April 2025, a plug-in hybrid electric vehicle is no longer considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must have been delivered by midnight on 31 March 2025.
- Estimated running costs may include those detailed above as well as electricity.
- This calculator does not use or consider any individual’s own financial circumstances at all.
- While electric vehicles on novated lease are FBT-exempt up to the Luxury Car Tax threshold of $91,387, they are required to be reported on applicable employee payment summaries.
- Maxxia recommends that employees seek independent financial and taxation advice on what impact this could have to their personal circumstances, including government payments.
- Users must not rely on or consider any results generated by the calculator as personal taxation advice.
Important information about Calculator (Assumptions & Disclaimers)
This calculator is an educational tool only and should not be relied on for the purpose of making a decision about a financial product. Calculations produced are estimates only that do not take your personal circumstances into account and should not be relied on as an accurate quote or offer of finance. The figures generated by this calculator are based on several factors and assumptions. To view a full list of the terms & conditions, and the applicable assumptions (in addition to those already set out in the table), click below. Remserv recommends you seek professional financial and taxation advice before making any financial decisions regarding a novated lease.
Important information about calculations
Calculator assumptions
- This calculator is provided for illustrative purposes only.
- It does not take into account your personal objectives, financial situation or needs.
- Additional fees and charges may apply, along with credit assessment criteria for certain products.
- The availability of benefits is subject to your employer's approval.
- PAYG tax rates effective 1 July 2024 have been used.
Important information about calculations
All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2024.
Novated leasing calculations assume the employee contribution method has been used (pre and post-tax funds). The estimated annual operating costs includes estimates of fuel, maintenance, tyres, registration, comprehensive insurance.
If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit.
An indicative annual vehicle management service fee of $275.00 (incl. GST) has been included in your operating expenses. This fee may vary depending on your employer.
The amount financed includes a finance establishment fee of $475.00 (incl. GST) which is charged by the financier.
An indicative average administration fee of $257 has also been included. This fee may vary depending on your employer. Please refer to your employer's salary packaging policy for more information. A copy of the policy may be obtained from your employer or by contacting RemServ on 1300 73 66 62.
GST of 1/11th is payable on your ECM contributions. Input Tax Credits (i.e. a refund of GST) may be paid to you as salary by your employer. State Stamp Duty rates apply.
Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Please contact us for an accurate estimate of your annual net benefit, leasing costs and the fees that may be applicable to you, or refer to your employer's salary packaging policy or employee guide.
For electric vehicles, plug-in-hybrid vehicles and plug-in hydrogen fuel cell vehicles, please consider the following:
- The Electric Car (EV) Discount Bill 2022 is subject to Royal Assent.
- The estimated potential tax benefit is exclusive of GST and is based on the assumption that you would have paid for your lease repayments and operating costs from your post-tax salary (as opposed to salary packaging those payments from your pre-tax salary or a combination of your pre- and post-tax salary).
- This calculator assumes that:
a) the car selected is an eligible zero or low- emissions vehicle;
b) the value of the car at the first retail sale was below the luxury car tax threshold of $89,332 for fuel efficient vehicles and;
c) the car is first held and used on or after 1 July 2022. - Estimated running costs may include those detailed above as well as electricity.
- This calculator does not use or consider any individual’s own financial circumstances at all.
Contact RemServ
Complete the form and RemServ will get in touch very soon.
Keen to talk now? Give RemServ a call for
General enquiries: 1300 30 39 40
Fleet (Novated lease): 1300 73 14 29
Fax: 1300 30 18 66 1300 30 39 40.
RemServ is available:
8am-6pm AEST Monday - Friday
Excluding public holidays
* Questions marked with an asterisk need to be answered before you can submit the form.
First Name__text
Last Name__text
Email__text
Phone__number
Employer__autosuggestion
State__dropdown__ACT;NSW;NT;QLD;VIC;SA;TAS;WA
When were you hoping to get into your car?__dropdown__Within the next few weeks;Within the next few months;I am flexibile;I am just looking
What's your experience or knowledge of novated leasing?__dropdown__I have leased a vehicle in the past;I have done some research;I am new to novated leasing
When is the best time to contact you?__dropdown__Morning;Lunchtime;Afternoon
What can Maxxia help you with?__textarea
By completing this form, I agree to Maxxia contacting me about its products, services and offerings. By completing this form, I also agree that Maxxia may send me such promotional material electronically and without a functional unsubscribe facility. I also acknowledge that Maxxia will handle my information in accordance with the attached Privacy Statement and its Privacy Policy.__disclaimer
Terms & Conditions
-
any additional relevant terms & conditions;
-
all assumptions that the calculator takes into account (such as the relevant taxation rates, whether insurance is factored in, how the vehicle cost is calculated, whether Luxury Car Tax applies, whether the "kilometres travelled" figure is treated as 100% personal use and so forth); and
-
a brief statement as to why these assumptions are reasonable. In this respect, we note that ASIC (at paragraph 167.80 of ASIC RG167) has indicated that assumptions are likely to be "reasonable" if they are:
- approved by an actuary or other appropriately qualified professional;
- consistent with standards for assumptions used by calculators approved by the Australian Government Actuary;
- consistent with industry standards for assumptions used by calculators; or
- consistent with similar calculators provided by ASIC.