How does novated leasing compare to cash purchase and car loans?

Based on a 5 year term with an 8% loan interest rate: Cash purchase totals $104,482.80 (including driveaway price $61,497, running costs $30,686.40, and potential interest lost $12,299.40). Novated lease totals $76,669.84 (weekly pre-tax salary sacrifice $227.83 for total cost $59,235.80 plus residual $17,634.04). Car loan totals $116,782.20 (driveaway price $61,497, running costs $30,686.40, and interest payable $24,598.80). Total savings with novated lease compared to car loan: $40,112.36. Based on 15,000km and $120,000 salary.

How does the novated lease process work?

The process involves four steps: 1) Tell us a few simple details - share the car you are interested in, your employment details, and a few basics so we can prepare accurate figures. 2) We review your situation - a novated lease specialist reviews your details and checks the best options based on your circumstances. 3) We prepare your free comparison - we build a personalised comparison so you can see how novated leasing compares with traditional finance for your situation. 4) You decide if it makes sense - if it stacks up, we can help with the next steps. If it does not, there is no pressure and no obligation.

Compare Novated Lease vs Car Loan vs Cash

Q: What are the additional benefits of novated leasing?

Beyond financial savings, novated leasing offers: Job mobility - take your lease with you if you change jobs. Use your car for both personal and work use. End of lease options - buy, sell, or refinance at the end of your lease. Tax advantages may apply depending on your situation. One structured payment covers all ownership costs.

Real savings comparison

The following comparison is based on a 5 year term. The interest rate used for the loan is 8%.

CASH

$104K

NOVATED

$76K

LOAN

$116K

Cash Purchase

Upfront Payment

Driveaway Price$61,497.00

Running Costs$30,686.40

Potential Interest Lost (4.00%)$12,299.40

Total Cost$104,482.80

Novated Lease

Pre-Tax Salary Sacrifice

Weekly Cost$227.83

Total Cost$59,235.80

Residual Inc. GST$17,634.04

Total Cost$76,669.84

Get My Free Cost Comparison →

Car Loan

Traditional Financing

Driveaway Price$61,497.00

Running Costs$30,686.40

Interest Payable (8.00%)$24,598.80

Total Cost$116,782.20

** this is based off 15,000km and $120,000 salary.

Save on Tax

Reduce your taxable income and save
thousands annually through salary packaging.

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Bundle fees, insurance, maintenance,
and registration into one easy payment.

Expert Support

Our Australian team guides you
through every step of the process.

How it works

Getting your novated lease is easier than you think.

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Tell us a few simple details

Share the car you are interested in, your employment details, and a few basics so we can prepare accurate figures.

We review your situation

A novated lease specialist reviews your details and checks the best options based on your circumstances.

We prepare your free comparison

We build a personalised comparison so you can see how novated leasing compares with traditional finance for your situation.

You decide if it makes sense

If it stacks up, we can help with the next steps. If it does not, there is no pressure and no obligation.

Thousands of happy customers

We've helped thousands of Australians save on their vehicles.
Here's what they have to say about us.

“

Great experience from start to finish. The team at Just Lease It made the whole novated lease process smooth and easy to understand

John Hamilton

“

Great experience from start to finish. The team at Just Lease It made the whole novated lease process smooth and easy to understand

Lance Brown

“

This is my third novated lease, my first time using Louie at Just Lease It and by far the easiest. Louie kept me up to date on a regular basis, nothing was a problem and any queries were sorted out very quickly. I would definately recommend Louie at Just Lease It to anyone considering a novated lease

Malcom George

“

Super easy and stress free experience! Louie at Just Lease It explained everything clearly and helped me get the best deal on my novated lease. Great service,

Sali Ismaili

Why should you consider Just Lease It?

We’re Australia’s trusted novated leasing specialists, dedicated to helping working Australians save thousands on their next vehicle through smart salary packaging solutions.

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We can source any car — new, used, or demo.

Priority access to hard-to-get stock through our supplier network.

Get a real quote based on your situation, not a vague estimate.

We manage the process from start to finish.

Clear figures with no hidden fees.

Australia-wide service and support.

Trusted by thousands of satisfied customers.

Novated leasing additional benefits

Beyond the financial savings, novated leasing offers many practical advantages.

Job mobility - Take your lease with you if you change jobs.

Use your car for both personal and work use.

End of lease options - buy, sell, or refinance at the end of your lease.

Tax advantages may apply depending on your situation.

One structured payment covers all ownership costs.

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Australia’s trusted novated leasing specialists. We make car leasing simple, helping you save thousands on your next vehicle through salary packaging.
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