Looking for the cheapest, simplest novated lease in Australia?
Novated Lease Calculator
Run your real numbers and see for yourself. Drop in your salary, pick a car, and see exactly what leaves your pay packet — net, after tax, after every running cost. No spreadsheet, no sales call.
Your Details
View our EV and hybrid catalogue with competitive pricing
We'll estimate on-road costs in your quote
Affects stamp duty and registration costs
Includes 1.00% p.a. off for applications received by 31 December 2026. Indicative rate for a 5-year term. Actual rates depend on market conditions and individual assessment at time of application.
Your Cost
Your Net Cost (Monthly)
What it actually costs you after pre-tax benefits
Over 5 years: $24,337 total tax saved
7.98% p.a.
Across panel: up to 8.68% p.a.
$17,554
28.13% residual at end of lease
We match you to the right lender
We use a panel of lenders, each with different credit requirements, and place you with the most appropriate lender for your circumstances. Rates vary by up to 0.70% p.a. across the panel, so your rate could be up to $965 monthly. The figure above is our best available rate. Subject to credit approval.
FBT Exempt - EV Benefit
RFBT Amount: $24,186 annually
Adjusted Reportable Income: $97,962
What this calculator shows you
Real net cost, after pre-tax benefits — not a headline finance rate with the running costs hidden underneath.
Your real net cost
Finance plus fuel or charging, rego, insurance, servicing and tyres — minus the tax you save — shown per pay cycle.
Every cost upfront
Open the full breakdown to see exactly where every dollar goes. No surprise fees, no inflated margins.
EV vs petrol, side by side
The FBT exemption for eligible EVs is applied automatically so you can see the difference instantly.
Novated lease calculator FAQs
How accurate is the millarX novated lease calculator?
The calculator gives a close indicative estimate using current ATO residual values, FBT rules and indicative finance rates. It applies the EV FBT exemption automatically and shows your real net cost after pre-tax benefits. Your final figures depend on the exact car, your employer's payroll setup and a formal credit assessment — request a formal quote to lock them in.
What does the calculator include in my net cost?
It bundles the finance payment plus running costs — fuel or charging, registration, insurance, servicing and tyres — then deducts the income tax saved through salary packaging to show what actually leaves your pay each cycle. Switch between weekly, fortnightly and monthly to match your pay run.
Are electric vehicles cheaper in the calculator?
Usually, yes. Eligible EVs under $91,661 are exempt from Fringe Benefits Tax until 2027, which removes the post-tax employee contribution that applies to petrol and diesel cars. Select an EV and the calculator applies the FBT exemption automatically so you can see the difference.
Do I need an employer who offers novated leasing to use the calculator?
No — anyone can run the numbers. You only need your employer on board when you're ready to set up the lease and have payments deducted from your pre-tax salary. We can help you check whether your employer participates.
Already have a quote from another provider?
Use Compare Your Quote instead. Upload a competitor's PDF and we line up every contracted dollar against a millarX lease — effective APR, residual, add-ons and running-cost assumptions — usually in under a minute.