Novated Lease Calculator

*Terms and Conditions

The information provided by the finance calculator is indicative only and is not a formal or binding quote. It is of a general nature which is based on the accuracy of information you have provided and does not take into account your personal needs and financial circumstances. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances. Conditions, fees and charges apply. Finance is available to approved applicants of Toyota Fleet Management (TFM) a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

If you proceed with arranging finance through Toyota Finance, final arrangements are subject to a range of criteria that are best explained by a Novated leasing consultant.

Exact quotations can be obtained directly by calling 1300 888 870.

Novated Lease Comparison

• Lease calculations include finance lease term selected and residual value as determined. The default Interest Rate shows the applicable current interest rate, any change to the Interest Rate is for estimation purposes only.
• Vehicle running costs are calculated on the term and kilometres input. Inclusions are full maintenance and servicing, tyres, registration and CTP renewal, fuel, comprehensive motor vehicle Insurance. These costs are estimated and may vary.
• It is assumed that your employer is eligible to receive Input Tax Credits (ITC), and that this benefit will be passed onto you, as the employee. However, your employer is not obliged to pass ITCs onto you and if they choose not to, this may affect the calculation.
• Calculations are based on FBT Car - Statutory Method or Operating Cost calculation as selected.
• Where you have selected a business use percentage, the calculation returned assumes the best outcome between statutory and operating cost method. Business use percentage is subject to a log book kept for 12 weeks validated and approved by your employer.
• Employees of employers with Rebatable or PBI Status are subject to certain criteria. Any calculations should be referred to TFM to confirm savings available.

Consumer Loan Comparison

• Finance calculations assume a consumer loan financing the full purchase price of the vehicle. Payments are calculated assuming information selected or input by you with an interest rate applicable to the current month, and a determined balloon final payment (both equivalent to the Novated Lease).
• Vehicle running costs are calculated on the term and kilometres input. Inclusions are full maintenance and servicing, tyres, registration and CTP renewal, fuel, comprehensive motor vehicle Insurance. These costs are estimated and may vary.
• Calculations assume you have no business use and that you are a full PAYG income tax paying individual.
• It is assumed that purchasing and running a vehicle is for personal use and you are not eligible to receive GST Input Tax Credits (ITC).

Cash Comparison

• Purchase of the vehicle assumes that you are using cash to purchase the vehicle outright.
• The opportunity cost is an assumption that by using cash to purchase outright you have missed the opportunity to invest elsewhere. The opportunity cost is the calculation of an investment return if you had invested funds in a Bank Term Deposit. Interest Rate used assumes an average rate (all terms) as published by Reserve Bank of Australia - http://www.rba.gov.au/statistics/tables/#interest_rates.
• Vehicle running cost calculations are assumed same costs for novated lease and consumer comparisons.
• It is assumed that purchasing and running a vehicle is for personal use and you are not eligible to receive GST Input Tax Credits (ITC).

*Terms and Conditions

The information provided by the finance calculator is indicative only and is not a formal or binding quote. It is of a general nature which is based on the accuracy of information you have provided and does not take into account your personal needs and financial circumstances. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances. Conditions, fees and charges apply. Finance is available to approved applicants of Toyota Fleet Management (TFM) a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

If you proceed with arranging finance through Toyota Finance, final arrangements are subject to a range of criteria that are best explained by a Novated leasing consultant.

Exact quotations can be obtained directly by calling 1300 888 870.

Novated Lease Comparison

• Lease calculations include finance lease term selected and residual value as determined. The default Interest Rate shows the applicable current interest rate, any change to the Interest Rate is for estimation purposes only.
• Vehicle running costs are calculated on the term and kilometres input. Inclusions are full maintenance and servicing, tyres, registration and CTP renewal, fuel, comprehensive motor vehicle Insurance. These costs are estimated and may vary.
• It is assumed that your employer is eligible to receive Input Tax Credits (ITC), and that this benefit will be passed onto you, as the employee. However, your employer is not obliged to pass ITCs onto you and if they choose not to, this may affect the calculation.
• Calculations are based on FBT Car - Statutory Method or Operating Cost calculation as selected.
• Where you have selected a business use percentage, the calculation returned assumes the best outcome between statutory and operating cost method. Business use percentage is subject to a log book kept for 12 weeks validated and approved by your employer.
• Employees of employers with Rebatable or PBI Status are subject to certain criteria. Any calculations should be referred to TFM to confirm savings available.

Consumer Loan Comparison

• Finance calculations assume a consumer loan financing the full purchase price of the vehicle. Payments are calculated assuming information selected or input by you with an interest rate applicable to the current month, and a determined balloon final payment (both equivalent to the Novated Lease).
• Vehicle running costs are calculated on the term and kilometres input. Inclusions are full maintenance and servicing, tyres, registration and CTP renewal, fuel, comprehensive motor vehicle Insurance. These costs are estimated and may vary.
• Calculations assume you have no business use and that you are a full PAYG income tax paying individual.
• It is assumed that purchasing and running a vehicle is for personal use and you are not eligible to receive GST Input Tax Credits (ITC).

Cash Comparison

• Purchase of the vehicle assumes that you are using cash to purchase the vehicle outright.
• The opportunity cost is an assumption that by using cash to purchase outright you have missed the opportunity to invest elsewhere. The opportunity cost is the calculation of an investment return if you had invested funds in a Bank Term Deposit. Interest Rate used assumes an average rate (all terms) as published by Reserve Bank of Australia - http://www.rba.gov.au/statistics/tables/#interest_rates.
• Vehicle running cost calculations are assumed same costs for novated lease and consumer comparisons.
• It is assumed that purchasing and running a vehicle is for personal use and you are not eligible to receive GST Input Tax Credits (ITC).