The Novated Lease Calculator provides a reasonable estimate of the cost of salary packaging the selected vehicle and its budgeted running costs under a Novated Lease alongside a comparison with private ownership. Please note that all figures in the table above are estimates only, based on various assumptions, and are not definitive. The estimates will be refined if you request a formal quote. Information generated by this Novated Lease Calculator is not intended and should not be taken to be taxation or financial advice of any kind.
- The Novated Lease runs for the entire lease term selected. Early termination fees will be payable if the Novated Lease terminates early for any reason.
- Budgeted running costs include maintenance, tyres, registration and re-licensing estimated for the annual usage selected. Additional amounts will be payable if actual running costs (which may vary depending on actual kilometres travelled, non-standard treatment of vehicle, changes in fuel prices etc.) exceed these budgeted running costs.
- The monthly rental for a Novated Lease includes typical discounts being achieved for maintenance, tyres and fuel.
- Estimated fleet purchase discounts have been included in the Novated Lease calculation. The actual discount could be higher or lower, and will be advised when a formal quote is prepared. Costs may change before the vehicle is delivered.
- Driver meets ORIX’s credit criteria and has no other salary packaged items such as KiwiSaver contributions or student loan repayments.
- Employer is GST registered and is willing to enter a Novated Leasing relationship with ORIX.
- PAYE tax includes ACC earner levy.
- ORIX’s Novated Leasing terms and conditions apply.
- Vehicle make, model and specification selected are available with no optional extras.