Novated lease calculator is online tools meant to help employers and employees understand how much they will save if they opt for a car lease agreement. To use these calculators, the buyer has to enter details such as how much he earns, the type of vehicle he wants, list price of the vehicle, desired lease period and how many kilometers the car is going to be used every year. Buyers may also be asked if they want a fully maintained Novated lease or if they want an operational or finance Novated lease while they use the calculator.
After entering the information into the Novated lease calculator, the calculator will help the buyer understand how much he can save by buying a car by opting for a Novated contract. Some websites also offer salary packaging calculators online. To use this tool, the buyer has to enter details such as gross annual salary, payment cycle information and other details such as benefits included in the pay package. After entering the required information, the calculator will provide information such as how much tax the buyer can save if he buys a car through Novated agreements.
While using these calculators, buyers should remember that these calculators should be used to find out the estimate value of savings only, and if buyers want an accurate estimate then they should contact the lender who they plan to purchase the Novated contract from. Majority of the calculators offered online offer accurate estimates, however buyers are encouraged to opt for calculators from reputed websites since this will increase the chances of getting accurate and instant estimates.