Novated Lease Report
Tell us your salary, the car and the term. We calculate the exact tax saving, your net cost to take-home pay and the residual ("balloon") — including the EV FBT exemption if it applies — using the same engine as our free calculator. Our AI then explains whether it stacks up for you and the risks to watch. General information, not financial advice (ECTD holds no AFSL).
A salary packaging quote almost always leads with the tax saving. The residual waiting at the end of the term, and the difference the arrangement makes to what lands in your account each pay cycle, tend to sit further down the page or nowhere on it. The Novated Lease Report is A$29 one-off and puts all three figures where you can see them together.
The numbers come from the same calculation engine behind our free novated lease calculator: annual and total tax saving, net cost to your take-home pay, the EV FBT-exemption benefit where it applies, and the residual. What drives them is your gross salary, the drive-away price, the lease term, your annual kilometres and whether the car is fully electric.
Around those calculated figures the AI writes the reasoning — whether the arrangement stacks up at your income, what the exemption is worth to you, and the catch to know before signing. The report reaches your order page in about five minutes, on-page with a Markdown download.
The residual is what changes the answer by year four
Every novated lease finishes with a balloon amount owing. It is the main reason a deal that looked strong in the first year feels different at the end, because by then the choice is paying it out, refinancing it, or trading the car and hoping the resale covers the gap. The report states the residual for the term you entered and sets out the risks attached to it in plain language, while the decision is still in front of you.
That number carries more weight if there is any chance your circumstances shift mid-term, since a novated lease is tied to your employment. The calculation cannot see your job security or the rest of your borrowing.
What the EV exemption is worth at your salary, not in general
Flag the car as fully electric and the calculation accounts for the FBT exemption, with the report quantifying what that benefit is worth on your figures. If it does not apply, no EV benefit is claimed and the saving stands on the ordinary calculation. Either way you end up with an amount rather than a general impression that electric vehicles do better under salary packaging. At some salary and price combinations the gap is decisive; at others it is thinner than the marketing suggests.
Calculated figures, written interpretation, and no AFSL behind either
Be clear on the split. The tax saving, net cost and residual are calculated from what you supply. The commentary around them — the trade-offs, the risks, the verdict — is written by AI from those results. Nothing in the process contacts your employer, your packaging provider or a lender, and no specific lease offer is quoted or verified, so the accuracy of your inputs sets the accuracy of the output.
This is general information, not financial advice; ECTD holds no AFSL. A novated lease is a multi-year commitment tied to your job, and the calculation takes no account of your other debts, dependants or super strategy. Have an accountant or adviser review the decision before you commit.
Reading it next to your provider's quote
The report earns its keep as an independent second read on a deal someone else has priced for you. Take it to the conversation with your provider: ask them to reconcile their tax saving against the calculated one, and to put their packaged running costs in writing beside the residual.
Two free AI revisions come with the report. They are there for follow-up questions or a section explained a different way, not for recalculating a new scenario.
What you get
- Exact annual + total tax saving (calculated)
- Net cost to your take-home pay
- EV FBT-exemption benefit if it applies
- The residual/balloon and the risks
- 2 free AI revisions included
Turnaround: ~5 minutes. Delivery: On-page report + Markdown download.
Frequently asked questions
Will it tell me whether the deal my provider quoted is a good one?
Not directly. The report does not contact providers, pull live rates or assess a quote you have been given. What it gives you is an independently calculated tax saving, net cost and residual from your own inputs, which is what you need to sanity-check the shape of an offer rather than verify a particular provider's paperwork.
Are running costs like fuel, insurance, servicing and registration in the numbers?
No. The report covers the tax saving, the net cost to your take-home pay, the EV FBT-exemption benefit where it applies, and the residual with its risks. Packaged running costs vary a lot between providers and vehicles, so ask yours for those figures in writing and read them alongside this.
My salary is about to change — which figure should I enter?
The conservative one. An estimated salary or drive-away price produces an estimated saving, so use your actual gross salary before tax and a real dealer drive-away figure where you have them. If two scenarios genuinely apply, the safer number is the one that makes the lease look harder to justify.
Can the two revisions model a different car or term?
No, because the figures are calculated from the inputs at intake. Revisions refine the report you received. A materially different scenario — another vehicle, a longer term, a different income — needs a fresh report so the numbers are actually recalculated, and at A$29 one-off, running two real scenarios side by side is usually the better call.