calculator
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.
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.
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.
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.
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.
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.
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. 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.
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.
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.
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.
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.
EV novated lease
If your employer or personal circumstances change, your novated lease can usually be transferred or restructured.Kooya will help you complete your mid lease transfer.
During the lease term, the financier owns the vehicle. Once your term ends and the residual value is paid, ownership transfers to you.
Absolutely. Use our EV Novated Lease Calculator to compare lease terms, residual values, and potential savings on different eligible EVs before requesting an obligation free quote specific to your individual circumstances
Yes, the combination of lower maintenance, no fuel costs, and tax savings makes an electric car novated lease one of the most cost-effective ways to drive a new vehicle in Australia.
yes, comprehensive car insurance is not only a requirement for your novated lease but can be arranged by Kooya. Our insurance products offers key features:
1. choice of repairer
2. excess free windscreen/glass claim
3.hire care – at fault claim
4. cover for under 25 additional drivers
5. GAP cover – In the event of a total loss, the payout amount from insurer may not cover the financed amount owing. However, this will be covered by the GAP component of the policy. This feature is specifically designed for Novate Leases and not typically found in other retail insurance policies.
Yes. Depending on your state or territory, government incentives like electric car discounts, EV rebates, and home charging support may apply. These are considered alongside your tax savings for maximum benefit.
A Kooya EV Novated Lease bundles all your car running costs including registration, insurance, servicing, and charging, into one cost-effective payment. This ensures your EV ownership is predictable, simple, and tax-efficient.
At the end of your lease term, you can buy your EV outright by paying the residual value, extend the lease, or upgrade to a new electric car. Kooya will guide you based on your financial situation and personal circumstances.
Yes — electric vehicles have fewer moving parts, no oil changes, and lower maintenance costs over the lease term. Plus, they benefit from EV incentives and cheaper charging costs compared to petrol and Diesel vehicles
You lease an electric vehicle through your employer’s salary packaging arrangement (Kooya), paying the car lease and running costs using pre-tax income. This reduces your taxable income, helps you save on income tax, and lowers your overall EV costs
Yes — most eligible EVs and priced under the luxury car tax limit are fringe benefits tax (FBT) exempt when used primarily for private use. This makes EV novated leasing one of the most tax-effective ways to drive in Australia
With current Government Legislation (to be reviewed by mid-2027) eligible EV’s are FBT exempt. This means the savings are even higher on eligible EV’s with a novated lease!
One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.
No, anyone who pays tax can benefit from a novated lease.
If you buy your car from a dealership or business, you don’t pay any GST on the purchase price – that’s essentially a 10% saving straight away!
New car
One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.
No, anyone who pays tax can benefit from a novated lease.
If you buy your car from a dealership or business, you don’t pay any GST on the purchase price – that’s essentially a 10% saving straight away!
No, ECM (Employee Contribution Method) or post-tax contributions is used to off-set any FBT (Fringe Benefit Tax) liability.
Novated lease
One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.
Absolutely! You can have a novated lease on just about any vehicle, subject to financier approval.
No, anyone who pays tax can benefit from a novated lease.
If you buy your car from a dealership or business, you don’t pay any GST on the purchase price – that’s essentially a 10% saving straight away!
No, ECM (Employee Contribution Method) or post-tax contributions is used to off-set any FBT (Fringe Benefit Tax) liability.
With a novated lease your regular lease repayments include your finance, and all your vehicle related running costs like fuel/charging, registration, tyres, roadside assistance, servicing, insurance, and even car wash – all covered from your pre-tax income!
You can have a novated lease on just about any vehicle. This includes new cars, used cars, or even a car you currently own.
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!
Used car
You can have a novated lease on just about any vehicle. With used vehicles our panel of financiers accept vehicles up to 12 years old, come time of lease end. This means if you want the maximum term (5 years) the vehicle you choose could be no older than 7 years.
One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.
No, anyone who pays tax can benefit from a novated lease.
If you buy your car from a dealership or business, you don’t pay any GST on the purchase price – that’s essentially a 10% saving straight away!
No, ECM (Employee Contribution Method) or post-tax contributions is used to off-set any FBT (Fringe Benefit Tax) liability.
