No quote needed · just three numbers
Cash vs car loan vs novated lease?
Tell us the drive-away price, your salary and how many kms you'll drive — we'll line up all three options side by side. Same car, contracted dollars, our engine handles the running costs and the EV tax savings.
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Three numbers, then we run the math
All seven inputs feed our server-side engine — no math in your browser, no rate sheet exposed.
What this tool does
Pay cash
We add an opportunity cost on the upfront capital (a conservative 4.5% p.a. compounded — a risk-free term deposit / savings rate, not a sharemarket return) plus annual running costs paid post-tax. End-of-term residual value retained subtracted because you own the car outright.Personal loan
Standard amortising unsecured loan at 10% p.a. for the same term, monthly repayments, no balloon. Running costs paid post-tax. Residual retained subtracted at end.millarX novated lease
Our published rate sheet, ATO standard residual, running costs deducted from pre-tax salary. For EVs under the LCT cap, FBT is exempt — full vehicle value passes through pre-tax.All math runs server-side. Numbers are illustrative — assumptions about insurance premiums, electricity rates and km-based wear are listed in the disclaimer below the comparison.