Understand the finance component of a novated lease before you decide. Check the rate in a quote, residual values, GST, payment timing and whether a BYO or self-managed finance pathway may be available.
Initial discussion and assessment only. A formal lender enquiry occurs only with your consent.
Know the rental? Solve the implied rate. Know the rate? Calculate the lease rental using the actual finance-payment schedule and residual.
Use the calculator →Compare amount financed, residual, payment timing, finance rate, fees and running-cost assumptions on the same basis.
Open the checklist →Understand when an employer/provider arrangement may permit separately sourced vehicle finance.
Read the BYO guide →See how finance, vehicle sourcing, employer participation and salary packaging administration can be separated in some programs.
Read the guide →ATO residual percentages, GST treatment and how the residual changes the regular finance rental.
See residual values →Understand why the vehicle price, recoverable GST adjustment, amount financed and end residual can appear on different GST bases.
Read the GST guide →A useful novated lease review separates the vehicle finance from salary packaging administration and running-cost budgets. The finance analysis starts with the vehicle acquisition cost, amount financed, contractual rental schedule, residual and finance fees.
The cheapest-looking payroll deduction is not automatically the cheapest finance. Compare equivalent finance cash flows first, then test salary packaging fees, running-cost budgets, insurance, tax treatment, vehicle price and end-of-term obligations separately.
We organise the information, test lender fit and keep the process moving.
Start with the amount financed, lease rental, payment timing, residual and fees.
Keep vehicle finance separate from salary packaging administration, tax and running-cost budgets.
Where appropriate, test another finance structure on equivalent terms rather than comparing headline payroll deductions.
A formal finance application occurs only if you choose to continue and the arrangement is permitted.
The calculator can estimate the implied nominal annual rate when you enter the amount financed, contractual rental schedule and residual. It is an analytical estimate and can differ from a financier's contractual figure if timing or GST assumptions differ.
GPS Finance can investigate vehicle finance options and, where the employer and salary packaging arrangement permits it, explore standard or BYO/self-managed novated lease finance pathways. Availability and approval are transaction-specific.
No. The calculator performs no credit enquiry. A formal lender application can involve a credit check only if you later choose to proceed and provide the required consent.
Tell us what you are funding, the amount required and the timing. We will explain the realistic options before you choose whether to proceed.