NOVATED LEASE CALCULATOR

A tool in calculating repayments and see what benefits a novated lease can offer, Novated Lease Calculator simplifies the job

Providing the estimated cost of a car loan against a current salary is made easy by the Novated Lease Calculator–an ingenuous tool that can help determine borrowing capacity. It gives a guide to the affordability of a Novated Lease from a salary package and one can further investigate the effects of different vehicle makes and model to reach an understanding of the suitability of novated lease to both employer and employee who are evaluating an entry into a car lease agreement.

Novated Lease Calculator calculates a simple monthly payment. It is worth remembering however, that the calculations may show Fringe Benefits and lease and running costs but these are approximate calculations. Interest rates vary from lender to lender and week to week and rarely would a lender agree to more than a 5-year term much less allow a 10-year term. These calculators may be accessed online for free but note that results are only indicative and inaccuracies happen because of individual programming. The primary purpose is to help a prospective car buyer in working out how much can be saved using novated lease. Should the calculations appear that Novated Lease is suitable, it is highly suggested to directly get in touch with car finance companies for a lease quote that is tailored exclusively. The Novated Lease Calculator provides a general recommendation and does not take into account particular investment objectives, economic situations and detailed needs.