FAQs Need any help?
Our friendly team industry skilled consultants are here to help guide you through your setup and answer any questions about your lease, tax benefits, or potential savings.
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Why a Novated Lease?
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Reduce taxable income
Use your pre tax salary to cover lease payments, maintenance, insurance, charging, and registration. This reduces your income tax and gives you potential tax savings every pay cycle.
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Employer options
You can get a novated lease for the car you want and take it with you if you change jobs. Your lease agreement moves with you, and is completely portable provided your new employer allows salary.
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Leasing options
Enjoy flexible lease terms with fixed interest rates for the duration of your lease and no deposit required. Choose between 1-5 years depending on your financial circumstances.
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Salary packaging
We’ll help you understand how salary packaging and salary sacrifice work, where your tax savings come from, and how this differs from a standard car loan or buying a car outright.
TestimonialsWhat our clients say
Rated 5 stars on Product Review.
FAQs Absolutely! You can have a novated lease on just about any vehicle, subject to financier approval.
There is no longer a requirement to drive a set amount of kilometres on a novated lease – you can drive as little, or as much, as you like!
No, anyone who pays tax can benefit from a novated lease.
No, ECM (Employee Contribution Method) or post-tax contributions is used to off-set any FBT (Fringe Benefit Tax) liability.
One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.
Yes. You can change the lease term within the calculator to compare how a longer period affects your monthly payments and total tax savings. Generally, a longer lease term results in lower regular payments but more total interest The longest initial lease term you may choose is 5 years.
Absolutely. Kooya offers novated leases for both new and used cars, subject to vehicle eligibility and lease term conditions. Use the car novated lease calculator to see how the numbers compare.
Yes — the EV Novated Lease Calculator allows you to compare an electric vehicle against a similarly priced non-EV. It also accounts for fringe benefits tax exemptions and electric car discounts, showing you how much you can save with an FBT-exempt electric vehicle under current ATO guidelines.
Yes. Your calculation includes typical running costs such as fuel, insurance, registration, servicing, and tyres — giving you a full picture of the car’s total cost and potential tax benefits.
Your novated lease calculator results are based on standardised assumptions — such as a 60-month lease term and an 85,000 annual salary. Actual outcomes depend on your financial circumstances, personal situation, and your employer’s salary packaging policy. Kooya can provide a personalised quote based on your details.
Once you’ve reviewed your novated lease calculator results, contact our team. We’ll provide a detailed vehicle quote tailored to your salary, car choice, and employer’s policy — all obligation free.
Kooya’s novated lease calculator helps you quickly estimate how much you could save in tax by packaging your vehicle costs through your pre-tax salary. It factors in your annual salary, lease term, car purchase price, and running costs such as fuel, insurance, and servicing, to provide an accurate snapshot of your potential tax savings.
Yes. Anyone who pays income tax can benefit from salary packaging, regardless of income bracket. The novated lease calculator adjusts results based on your marginal rate to give an accurate tax savings estimate.
A novated lease helps you pay less income tax by using your pre-tax salary to cover car expenses. You may also access GST savings, fringe benefits tax exemptions, and lower running costs compared to owning a car outright.
At the end of your lease term, you can choose to refinance, upgrade to a new car, or purchase the vehicle outright by paying the residual value (also called the balloon payment). Kooya can help you decide what works best for your financial situation.
To get an accurate quote, you’ll need your annual salary, purchase price of the car, preferred lease term, and estimated kilometres travelled per year. The calculator then provides illustrative purposes only results based on these applicable assumptions.
A novated lease is different from a standard car loan because it’s set up through your employer as part of your salary package. Instead of you making car repayments from your after-tax income, your employer makes them on your behalf using a combination of your pre-tax and post-tax salary, which can help you save on tax and your everyday running costs.
With a standard car loan, you simply borrow money from a lender and make repayments from your after-tax income. You’re responsible for managing everything — repayments, insurance, fuel, servicing, and registration, all out of your own pocket.
With Kooya, your novated lease wraps all those costs into one easy package, managed for you. You get the tax savings, the convenience, and our personalised support every step of the way.
