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FairWorkMate

Free tool

Novated Lease Calculator

FairWorkMate
$

The total price of the car including on-road costs and GST.

Novated leases typically run 1–5 years. Longer terms have lower residuals.

Affects bundled running costs (fuel/electricity, tyres, servicing).

$

Used to estimate your marginal tax rate (including 2% Medicare).

Your employer can claim the GST input tax credit on a novated lease car.

Battery EVs under the 2025-26 Luxury Car Tax fuel-efficient threshold are fully exempt from FBT — the biggest tax break for car buyers in Australia.

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