$0
Potential total saving
Estimated cost:
$0 Monthly
Includes all running costs & potential tax savings
Based on travelling on a with a
Summary
A Novated Lease from Toyota Fleet Management is a convenient, flexible and cash-free way to drive the car you want. All your costs are covered in one, budget-friendly monthly payment.
| Novated Lease |
|
Potential savings | |
|---|---|---|---|
| Up-front | |||
| Car on-road cost i Total price of the car including GST, but excluding all on-road costs. | $xx | $xx | $xx |
| Monthly | |||
| Finance i How much you pay for finance every month. In the cash comparison, this figure relates to the opportunity cost of cash. Please see the Calculator Terms and Conditions - Cash Comparison for a more detailed explanation. | $xx | $xx | $xx |
| Running costs i How much it costs to run your car every month, including fuel, maintenance, insurance and registration renewal. | $xx | $xx | $xx |
| Tax saving i The estimated saving on tax by packaging the car as a novated lease. | -$xx | -$xx | -$xx |
| Total monthly cost i How much you can expect to pay after tax savings. | $xx | $xx | $xx |
| After | |||
| Costs i The estimated total cost over the nominated term of your novated lease, car loan or outgoings if you pay in cash. | $xx | $xx | $xx |
| Residual value i The value of the vehicle at the end of the term of the lease. This value is agreed at the beginning of the lease and is used to calculate your monthly payments. | $xx | $xx | $xx |
| Total cost after tax | $xx | $xx | $xx |
| Your gross salary | $0 |
| Novated lease pre-tax i The pre-tax amount that will be deducted from your gross salary, which reduces your taxable income. | -$0 |
| Novated lease (ECM GST) i GST payable on the post-tax employee contribution. | -$0 |
| Taxable salary i The salary that's used to work out your income tax liability. | $0 |
| Income tax | $0 |
| Your salary after tax i Your annual salary after income tax has been taken out. | $0 |
| Novated lease post-tax (ECM ) i The amount taken from your after tax salary (ECM) used to offset your FBT. | $0 |
| Estimated Salary after Novated Lease i This is your salary when novated lease costs have been deducted. | $0 |
| Novated Lease finance | $0 |
| Maintenance and tyres i Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM) | $0 |
| Registration and CTP renewal | $0 |
| Fuel and/or Energy (EV) | $0 |
| Comprehensive insurance i Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM) | $0 |
| Management fee | $0 |
| Total Car Running Costs | $0 |
| Minus potential tax saving i Total tax saving, including income tax and GST. | -$0 |
| Total car running cost after tax saving~ | $0 |
Disclaimer
^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
* Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.
^ Servicing, Maintenance, Tyres and Insurance can be purchased from an alternate supplier, not only Toyota Fleet Management (TFM).
*This is an indicative quote only. Savings and Costs are approximate based on the parameters selected above. See Terms and Conditions.
*This calculator does not report any employee Reportable Fringe Benefit Amount (RFBA) arising from a Novated Lease. However, there will be a RFBA arising from your Novated Lease. The extent to which a RFBA will impact an employee will depend on an employee’s facts and circumstances and employees should obtain their own independent advice on RFBA matters.
Please refer to the Australian Tax Office (ATO) website for further information on RFBAs and the consequences of RFBAs for an employee.
# Employer exemption for Fringe Benefits Tax (FBT) has been applied to the calculation for eligible fully electric and plug-in hybrid electric vehicles that meet the criteria, including being first registered when new on or after 1 July 2022, as prescribed under the Treasury Laws Amendment (Electric Car Discount) Act 2022.
TFM recommends that you seek independent advice from a qualified Legal Advisor, Financial Advisor or Registered Tax Practitioner.
