NovateLensBring the numbers.
Paste the important lines from your quote, or explore a clearly labelled example.
CLARITY BEFORE THE COMMITMENT
A lease is a big decision.
Understand the important details.
The repayment is only part of the story. Unpack your novated lease quote, understand the assumptions, and put the numbers side by side.
On your device. No account. No sales calls.
N.THE QUOTE, UNPACKED
ILLUSTRATIVE EXAMPLE
ILLUSTRATIVE EXAMPLE
Look beyond
the monthly number.
the monthly number.
Lease repayments01
Running costs + fees02
Tax assumptions03
The final residual04
Every part matters.
The number at the end
deserves a look at the start.
deserves a look at the start.
01Independent by design
No provider rankings or referrals.
02Your numbers stay yours
Quote text is processed in this tab.
03Assumptions in the open
Know what the estimate includes.
YOUR LEASE, IN FOCUS
Make the numbers make sense.
01 / EXTRACT
Start with the important lines.
Copy the price, term, rate, repayment and fees from your quote. Leave out names, addresses and account details.
Paste text from your quote. Your text stays in this browser tab.
Your numbers change only when you apply the fields you’ve checked.
02 / REVIEW
Check what we found.
We match labels and units in your text. Check each number against your quote before applying it.
03 / YOUR QUOTED PAYMENTS
A schedule from your actual quote
See the total of your quoted payments, residual and upfront charges. Confirm what each amount includes. You don’t need to enter your salary.
Use the amount charged before any tax savings, rather than the change in your take-home pay. Add upfront charges only if they are separate from the payments.
The total includes only the amounts you enter. Check for separate running costs, fees and later budget adjustments. Confirm your end-of-lease options with your provider.
Reviewed evidence and questions for your provider
EXPLORE / ADJUST
Your comparison details
Start with sample numbers, then adjust them to explore your situation. These are not provider quotes.
YOUR ESTIMATES
ExampleCost comparison
A clearer picture starts here.
Review your quote and complete the fields to see a comparison.
Go to your starting numbers →Explore estimated lease, loan and cash payments using the details you enter. This comparison uses estimated repayments and the ATO minimum residual guide; it does not calculate actual payroll deductions.
ESTIMATED TAKE-HOME IMPACT
—
per fortnight, including the running budget
Estimated annual tax effect—
Exemption offEstimated lease repayment—per month
Residual guide—at end of term
Over the whole lease
5 yearsTotal payments over the term, including running costs. Future amounts are not adjusted for inflation.
Novated lease—
Car finance—
Cash purchase—
Lease includes the modelled residual. Finance assumes no balloon. No resale value or investment return is included.
Follow the annual calculation
Questions to check
An educational estimate, not a personal recommendation. GST credits, actual payroll treatment, HELP and other income-tested effects can materially change the outcome. See all assumptions.
The useful question isn’t just “What do I save?” It’s “What am I assuming?”
A LITTLE CLARITY GOES A LONG WAY
From fine print to a fuller picture.
Check the details.
Review what was recognised. Missing figures stay missing until you enter them.
Ask better questions.
Compare the cash outflows, inspect the residual, and take the summary to your provider.
GOOD TO KNOW
Less jargon.
More understanding.
A few details that can make a big difference to a lease.
How the calculations workWhat is a novated lease?
An arrangement between you, your employer and a finance provider to fund a vehicle through salary packaging. What comes out of pre-tax and post-tax pay depends on the vehicle, the arrangement and your circumstances.
What happens to the residual?
The residual is the amount left at the end of the lease. The quote payment schedule uses the residual you enter. The comparison uses the ATO minimum residual guide, which is not a guaranteed market value or buyout price. Confirm the actual end-of-lease options and any GST with your provider.
Why can my provider’s number differ?
Quotes may include different GST bases, fees, insurance, running budgets and payroll treatment. The comparison uses a fixed set of assumptions so you can see which inputs need checking. A mismatch is a prompt to ask a question, not proof that the quote is wrong.
Does an electric car automatically qualify?
No. Vehicle type is only one condition. First use, LCT history, the employment relationship and timing matter. Plug-in hybrids need a separate grandfathering review. Even an exempt car can create a reportable fringe benefits amount.
What happens to my quote data?
The app processes the text in this browser tab. It has no account, analytics, upload service or saved quote history. Reloading clears the app state; a summary you download stays on your device. Cloudflare serves this site and may record ordinary page requests and IP addresses. Read the privacy note.
THE ASSUMPTIONS, IN THE OPEN
How the estimates are calculated.
What’s included
Constant salary, rates and running costs. Monthly payments on an amortising lease with a residual. Estimated resident income tax before and after packaging, plus an individual Medicare levy estimate and ordinary resident low-income tax offset (LITO).
For a non-exempt car, the comparison estimates an annual post-tax contribution rather than using your actual payroll deductions. It repeats that annual illustration over the selected term. Drive-away price is used as a simplified financed amount and FBT base; those amounts may differ in an actual quote. The scenario does not use the quoted repayment or residual.
What needs a closer look
Provider-specific GST credits, actual FBT and payroll, extra finance fees, other offsets, HELP, Medicare levy surcharge, Division 293, family assistance and child support are excluded. Resale value, opportunity cost and future policy are also excluded.
These calculations are estimates, not personal financial or tax advice, and have not been independently validated by an Australian tax professional. Confirm the complete quote and your circumstances before making a decision.
Policy does not stand still. The enacted first income-tax bracket falls from 15% to 14% in July 2027. Proposed electric-car FBT changes are under Treasury consultation as at 21 September 2026; they are not treated here as enacted law. This fixed-policy illustration does not apply those future transitions. Check timing and current eligibility before relying on a multi-year estimate. Read the draft consultation ↗
Check one fringe benefits tax (FBT) year
Use this worksheet to estimate one FBT year using the statutory formula. It does not change the lease comparison above or calculate employer GST on contributions. Download a separate worksheet after calculating.
RFBA shown assumes this is your only reportable car benefit and no exclusions apply. It can affect HELP, MLS, Division 293, benefits and child support. Availability dates include weekends and any days available for private use; confirm unusual availability with your provider.
PRIVACY, BY DESIGN
Your quote. Your browser.
NovateLens sends no quote text or salary data to a server. No cookies, trackers, third-party fonts or saved financial history are used. Keep downloaded summaries private, especially on shared devices.