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I Built a Simple Novated Lease Calculator (Beta) – Looking for Feedback

funky0n3 | 2026-03-01 07:30 | 22 views

Hey all, I built a very simple calculator to model. Here’s the link if you’re curious: [Volucite Novated Lease Calculator Estimator](https://app.volucite.com.au/app/253372859853875/260572847568976) It lets you input: - Vehicle price (incl GST) - Lease term - Interest rate - Gross salary - EV or non-EV Optional car loan comparison And it outputs: - Estimated lease finance + running costs - Pre-tax deduction - Estimated PAYG tax impact - Net monthly cost - Weekly / fortnightly breakdown - Loan vs novated comparison - Potential savings over the term It’s very much beta and based on simplified assumptions (running costs are averages, PAYG is estimated, etc). Not financial advice. Would appreciate a sanity check from anyone who understands novated leases properly: - Do the results look broadly reasonable? - Am I missing any major components? - Is the EV treatment correct in principle? - Anything misleading in how it presents savings? Thanks

Comments (2)
jdbxjakfbdu 2026-03-02 05:26

This is great! I have been trying to calculate the interest on these loans for a while and this helps! Is the IRR included in there somewhere I am missing?

funky0n3 2026-03-02 05:32

It is included but I can separate it! Thanks for the feedback and I'll look into including it separately to display in the result.

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