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  1. Calculators
  2. Novated Lease
CalculatorsNovated Lease

Novated Lease vs Direct Purchase Calculator

Compare the true costs of novated lease versus direct purchase financing

Vehicle Information

Total purchase price of the vehicle

%

Balloon payment percentage

Financing term in years

Direct Purchase Option

%

Annual interest rate for direct loan

Annual Operating Costs

Novated Lease Option

Includes car costs and operating expenses

Important Considerations

This calculator provides a like-for-like comparison of total costs. The novated lease monthly payment should include all operating costs (insurance, registration, fuel, repairs, servicing) while the direct purchase option calculates these separately. Consider factors such as tax benefits, convenience, and your personal financial situation when making decisions. Results are estimates only - consult with a qualified financial advisor for advice specific to your circumstances.

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