In a nutshell, you pay for the car before you pay tax, and you don’t pay GST. The main benefits of a novated lease are connected with tax and GST. Lease vs Buy Car Calculator Calculate your monthly payment and compare monthly payment estimate between a loan and lease deal. If your loan term is longer than your lease term, we compare the buy vs. If your employer doesn’t offer the option, however, then a car loan makes perfect financial sense. When looking to finance the purchase a new or used vehicle, its always a good. Do you have access to salary sacrificing? If so, then it’s always going to be cheaper to get a novated lease. This calculator will help you consider all the factors between leasing or buying a vehicle and provide upfront costs & monthly payment options for both. Use this auto lease calculator to estimate what your car lease will really cost. Novated lease Vs car loan, purely based on cost, is most relevant when looking at employment status. To calculate your auto equity, subtract the remaining amount on your car loan from your car’s value (as determined by Kelley Blue Book or a similar resource). Novated car leases always feature a residual amount, and never a balloon payment. They’re represented as a percentage of the car’s value at the point of sale. Low, promotional interest rates can save you a great deal of money when you finance your car or truck.
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