Take a look at how a novated lease could benefit you. Below is a comprehensive breakdown of all the costs involved, so you can see at a glance how much you could save when compared with a standard car loan.
There may be a problem with some of the data you have entered into the calculator. Please call one of our novated lease experts to discuss your requirements further on 1300 888 872.
Car on-road cost
Interest rate
FBT Base value
Statutory %
FBT method
Residual value
Monthly cost
$*
Including all running costs & potential tax savings.
Fortnightly cost
$*
Including all running costs & potential tax savings.
^Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
*Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.
Compare to car loan or cash*
A novated lease is a convenient, flexible and cash-free way to drive the car you want. All your costs are covered in one, budget-friendly monthly payment. Discover how much you could save with our handy comparison tool.
There may be a problem with some of the data you have entered into the calculator. Please call one of our novated lease experts to discuss your requirements further on 1300 888 872.
Including all running costs and potential tax savings.
Fortnightly cost
$*
Including all running costs and potential tax savings.
Calculator terms and conditions
The information provided by the finance calculator is indicative only for Queensland Government employees 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 or financial circumstances.
If you proceed with arranging finance through Toyota Fleet Management, 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 888 875.
Novated Lease Comparison
Lease calculations are exclusive for Queensland Government employees only and 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 & CTP renewal, fuel and 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.
Where you have selected a business use percentage, the calculation assumes statutory cost method. Business use percentage is subject to a logbook kept for 12 weeks validated and approved by your employer.
Employees of employers with Rebateable or PBI Status are subject to certain criteria. Any calculations should be referred to Toyota Fleet Management to confirm savings available.
DISCLAIMER:The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings, will depend on your individual circumstances. This information has been prepared by Toyota Fleet Management for general information purposes only, without taking into consideration any individual circumstances. Before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and take the appropriate legal, financial or other professional advice based upon your own particular circumstances. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement. Toyota Fleet Management is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.
^Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management
Consumer Loan Comparison
Finance calculations assume a consumer loan financing for 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 & CTP renewal, fuel and 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 for a Bank Term Deposit assumes an average rate (all terms) for Banks’ term deposits ($10,000) as published by Reserve Bank of Australia http://www.rba.gov.au/statistics/ (Retail Deposit and Investment Rates – F4).
Vehicle running cost calculations are assumed same costs for novated lease and cash 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).
General Terms and Conditions
The information provided by this web site is exclusive for the use of Queensland Government and their employees for the purposes of novated leasing.
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, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.
Disclaimer