Free Car Lease Novated Lease Calculator

This free Car Lease Novated Lease Calculator helps you compare different Car Lease Novated Lease options to see which one can save you money.

You can compare No Salary Packaging, Novated Statutory Method, Employee Contribution Method, Home Loan/Mortgage Redraw and Car Loan options. Normally novated lease allows you to use a salary packaging arrangement to pay for the leasing and some car running costs from your pre-tax income. However you might need to pay Fringe Benefits Tax (FBT) which will affect the benefits of salary packaging. Although most of the lease companies claim that with salary packaging you will end up with more money in your pocket as this option can reduce your overall taxable income it is a good idea to know what if you choose not to use salary packaging.

You might heard of Employee Contribution Method. The Employee Contribution Method (ECM) allows you to eliminate the FBT of your novated lease to zero by contributing an 'employee contribution' from your post-tax salary as part of your regular payments to cover a portion of the vehicle lease cost. This essentially offsets your FBT liabilities for the duration of your lease and often improves the tax effectiveness of the lease arrangement.

What if you don't want to use lease? Instead you can use the money in your home loan to finance the purchase of your car? Does it save you more money campared with novated lease? Normally you cannot get an estimation from the lease companies. You can use this Car Lease Novated Lease Calculator for this purpose.

A lot of people will consider to get a normal car loan to purchase their new car. How does it compare with other options? To make a more informed decision I think you need to see if a car loan will save you money or cost you more. This Car Lease Novated Lease Calculator provides a very clear comparison across all different car finance options.

You can specify Amount Financed, Residual Value (Balloon Payment), Lease Term (in Years) etc.

This Car Lease Novated Lease Calculator calculates the Total Saving for the duration of your lease across different options. You can definitely find many other car lease calculators but I believe this one will be the trully useful as it is an independent car lease calculator which is not owned by any car lease campanies.

Here is a screen shot that will give you a better idea that what you need to do and how this free Car Lease Novated Lease Calculator can help you.

This calculator is built in Microsoft Excel worksheet. You need to have Microsoft Excel 2007 & above and Microsoft Windows to use it. You may be able to use the calculator with other applications that can open and read XLS spreadsheets, but this has not been tested.

Download Car Lease Novated Lease Calculator

Licence Type	Cost
Personal Use	$0 (Free)
Commercial Use	$59 (Click the Buy Now button below to purchase a Commercial Use Licence)

If you need us to customize this Excel calculator, please contact us and we will work out a plan based on your budget.

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