Novated Lease Calculator
Should you salary package a car or buy outright and invest the cash? Compare net outcomes across lease terms including tax savings, FBT, and the opportunity cost of tying up capital.
5-year EV novated lease vs buy outright + invest
Leasing saves you $48,836
Leasing gives you $24,745 in tax savings from pre-tax salary packaging. Buying outright also means missing out on $22,140 in ETF returns on the cash you tie up — offset by finance and lease costs. That's $645/month out of pocket, plus a $14,065 balloon payment at lease end.
Novated Lease
BetterBuy Outright + Invest
Net Equity Over Time
Lease has better equity at lease end by $48,836
Annual Cost Breakdown
When to sell?
Net equity by lease term and sell year. Best: 1yr lease, sell year 1 (-$5,015). Your 5yr at maturity: -$34,888.
| Term ↓ Sell → | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 |
|---|---|---|---|---|---|
| 1yr | -$5k | -$19k | -$30k | -$38k | -$45k |
| 2yr | -$8k | -$17k | -$27k | -$35k | -$42k |
| 3yr | -$9k | -$19k | -$24k | -$32k | -$40k |
| 4yr | -$10k | -$20k | -$27k | -$30k | -$37k |
| 5yr | -$10k | -$22k | -$28k | -$32k | -$35k |
$49k
$645
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