Save $10,000 Per Year with a Novated Lease
Which car and salary combinations save you $10,000 or more per year through a novated lease? Full table below.
Quick Answer
- Target Saving
- $10,000/year
- Cars That Qualify
- 0
- Lowest Salary Required
- N/A
- Best Option
- N/A
Car & Salary Combos That Save $10,000+/Year
No car and salary combinations reach $10,000 per year in savings at the salary levels modelled. Try a lower target or use the full calculator for custom inputs.
Related Pages
Frequently Asked Questions
Which cars save $10,000 per year on a novated lease?
Several car and salary combinations can hit $10,000/year in savings. EVs reach this target at lower salaries because of the FBT exemption.
What salary do I need to save $10,000 per year?
It depends on the car. Cheaper EVs like the BYD Dolphin can hit $10,000/year at lower salaries, while more expensive cars need higher incomes.
Is $10,000 per year a realistic novated lease saving?
Achievable on higher salaries — the table below shows exactly which combinations work.
How are novated lease savings calculated?
Savings come from three sources: income tax reduction (your marginal rate on the lease amount), GST savings (1/11th of the car price), and FBT exemption for eligible EVs. We subtract any FBT payable for non-exempt vehicles.
Should I novated lease to maximise tax savings?
If you are a PAYG employee earning over $45,000, novated leasing almost always saves money compared to buying outright or financing with a car loan — especially for FBT-exempt EVs.
Want exact numbers for your situation?
Use our full novated lease calculator with your exact salary, car price, and lease term.
Open Novated Lease CalculatorEstimates based on 2025-26 Australian tax rates. Actual savings depend on your employer arrangement, residual value, and exact running costs. Car prices are drive-away estimates and may vary by dealer. This is general information only, not financial advice. Consult a financial adviser for personal guidance.