Calculator
Kooya’s novated lease calculator helps you quickly estimate how much you could save in tax by packaging your vehicle costs through your pre-tax salary.
It factors in your annual salary, lease term, car purchase price, and running costs such as fuel, insurance, and servicing, to provide an accurate snapshot of your potential tax savings.
It’s a great way to get a base line understanding of the savings available before you speak with our team for a more comprehensive quote.
Call our team now on 1300 856 802 or email sa***@*******om.au
EV novated lease
| The good news is you can continue to salary package your novated lease.
If your new employer is already a client with Kooya, we will take care of the mid-lease transfer. If your new employer is not a client with Kooya, we can assist is setting this up allowing you to continue your novated lease, or we will assist with the transfer of your lease to your new provider. Either way, we are here to help. |
During the lease term, the financier owns the vehicle. Once your term ends and the residual value is paid, ownership transfers to you.
Yes, the combination of lower maintenance, no fuel costs, and tax savings makes an electric car novated lease one of the most cost-effective ways to drive a new vehicle in Australia.
yes, comprehensive car insurance is not only a requirement for your novated lease but can be arranged by Kooya. Our insurance products offers key features:
1. choice of repairer
2. excess free windscreen/glass claim
3.hire care – at fault claim
4. cover for under 25 additional drivers
5. GAP cover – In the event of a total loss, the payout amount from insurer may not cover the financed amount owing. However, this will be covered by the GAP component of the policy. This feature is specifically designed for Novate Leases and not typically found in other retail insurance policies.
Yes. Depending on your state or territory, government incentives like electric car discounts, EV rebates, and home charging support may apply. These are considered alongside your tax savings for maximum benefit.
A Kooya EV Novated Lease bundles all your car running costs including registration, insurance, servicing, and charging, into one cost-effective payment. This ensures your EV ownership is predictable, simple, and tax-efficient.
At the end of your lease term, you can buy your EV outright by paying the residual value, extend the lease, or upgrade to a new electric car. Kooya will guide you based on your financial situation and personal circumstances.
Yes — electric vehicles have fewer moving parts, no oil changes, and lower maintenance costs over the lease term. Plus, they benefit from EV incentives and cheaper charging costs compared to petrol and Diesel vehicles
You lease an electric vehicle through your employer’s salary packaging arrangement (Kooya), paying the car lease and running costs using pre-tax income. This reduces your taxable income, helps you save on income tax, and lowers your overall EV costs
Yes — most eligible EVs and priced under the luxury car tax limit are fringe benefits tax (FBT) exempt when used primarily for private use. This makes EV novated leasing one of the most tax-effective ways to drive in Australia
A novated lease is different from a standard car loan because it’s set up through your employer as part of your salary package. Instead of you making car repayments from your after-tax income, your employer makes them on your behalf using a combination of your pre-tax and post-tax salary, which can help you save on tax and your everyday running costs.
With a standard car loan, you simply borrow money from a lender and make repayments from your after-tax income. You’re responsible for managing everything — repayments, insurance, fuel, servicing, and registration, all out of your own pocket.
With Kooya, your novated lease wraps all those costs into one easy package, managed for you. You get the tax savings, the convenience, and our personalised support every step of the way.
With current Government Legislation, eligible EV’s are FBT exempt. This means the savings are even higher on eligible EV’s with a novated lease!
Kooya Customer Help
| We keep a close eye on your balances and just like we offer a budget review when you are overspending, we offer the same when you are underspending.
We want to ensure that the funds we taken from your salary are a reasonable amount to cover the cost of running your car, nothing more and nothing less. |
| You can go ahead and pay this your self or submit to our team and we will pay on your behalf, pending sufficient funds. |
| We recommend you book your service with your vehicles recommended maintenance centre.
Once you have paid for your service, you can submit a reimbursement claim request via the Customer Access Portal and we will process your payment within two business days, pending sufficient balance. |
| Lodging a claim is easy, no claim forms are required. Simply call number below, 24hrs a day to lodge the claim.
Phone: 1300 001 427 Emails: no**********@********om.au |
| Your Visa fuel card is accepted anywhere Visa is accepted which means all fuel stations nationally. |
| When charging your PHEV at home, if you have an app or meter showing how much electricity has been used, you are able provide that as proof along with your utility bill to determine the cost to reimburse. |
Novated lease
Yes, comprehensive car insurance is not only a requirement for your novated lease but can be arranged by Kooya. Our insurance product key features are:
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| Your novated lease is subject to Fringe Benefits Tax (FBT). However, the ATO allows employees to contribute part of their salary after tax to offset or eliminate FBT.
Because post-tax is calculated from the day you pick up your car, there’s usually a short gap before your first payroll deduction starts. The good news is your post-tax contributions, just like your pre-tax ones, form part of your total balance for running costs such as fuel, registration, and maintenance. |
| Your novated lease will affect your take home pay, equal to the net value of the deductions we collect from your salary.
Afterall, we are deducting a portion of your pay, however these funds are used to pay for your finance and other cost associted with yoru lease, on your behalf. |
| The good news is you can continue to salary package your novated lease.
If your new employer is already a client with Kooya, we will take care of the mid-lease transfer. If your new employer is not a client with Kooya, we can assist is setting this up allowing you to continue your novated lease, or we will assist with the transfer of your lease to your new provider. Either way, we are here to help. |
Once you’ve reviewed your novated lease calculator results, contact our team. We’ll provide a detailed vehicle quote tailored to your salary, car choice, and employer’s policy — all obligation free.
| Love your car! Great, our Novated Leasing Specialist will assist you in re-novating your lease for another lease term allowing you to continue salary packaging your lease.
Or you can simply pay the residual payment due and own the car outright. Or, is it time for a upgrade, we’re here to help you find your new dream car. Either way, our team are here to help you |
A novated lease helps you pay less income tax by using your pre-tax salary to cover car expenses. You may also access GST savings, fringe benefits tax exemptions, and lower running costs compared to owning a car outright.
Absolutely. Kooya offers novated leases for both new and used cars, subject to vehicle eligibility and lease term conditions. Use the car novated lease calculator to see how the numbers compare.
A novated lease is different from a standard car loan because it’s set up through your employer as part of your salary package. Instead of you making car repayments from your after-tax income, your employer makes them on your behalf using a combination of your pre-tax and post-tax salary, which can help you save on tax and your everyday running costs.
With a standard car loan, you simply borrow money from a lender and make repayments from your after-tax income. You’re responsible for managing everything — repayments, insurance, fuel, servicing, and registration, all out of your own pocket.
With Kooya, your novated lease wraps all those costs into one easy package, managed for you. You get the tax savings, the convenience, and our personalised support every step of the way.
You can have a novated lease on just about any vehicle. With used vehicles our panel of financiers accept vehicles up to 12 years old, come time of lease end. This means if you want the maximum term (5 years) the vehicle you choose could be no older than 7 years.
| The good news is you can continue to salary package your novated lease.
If you new employer is already a client with Kooya, we will take care of the mid-lease transfer. If your new employer is not a client with Kooya, we can assist is setting this up allowing you to continue your novated lease, or we will assist with the transfer of your lease to your new provider. Either way, we are here to help. |
Absolutely! You can have a novated lease on just about any vehicle, subject to financier approval.
No, anyone who pays tax can benefit from a novated lease.
| GST savings are a big part of the overall savings associated with a novated lease.
Your don’t pay GST on the purchase price of the vehicle (up to $6,353 for the 2026/2027 Financial year) as well as the ongoing running cost. This leads to significant savings throughout the life of your lease. |
With a novated lease your regular lease repayments include your finance, and all your vehicle related running costs like fuel/charging, registration, tyres, roadside assistance, servicing, insurance, and even car wash – all covered from your pre-tax income!
You can have a novated lease on just about any vehicle. This includes new cars, used cars, or even a car you currently own.
There is no longer a requirement to drive a set amount of kilometres on a novated lease – you can drive as little, or as much, as you like!
Salary Packaging
| In most cases, you don’t need to do anything, but if you do, we will advise you.
Keep an eye out for our communication at the end of the salary packaging year relating to tax time information. |
| It is best to check with a Kooya team member, and we will assess your location and employment eligibility to ensure you access the correct benefits. |
| If you live and work in a ATO defined remote location, you may be able to salary package benefits such as your rent, the interest on your mortgage, the purchase of a property and your electricity and gas. |
| Portable Electronic Devices (PED) such as mobile phones, tablets and smart watches can all be salary packaged.
Remember devices need to be used predominantly for work and must function independently as their own cellular device and not be reliant on a Bluetooth connection to another device. |
| Salary packaging can amend your assessable income used in some government income testing calculations, therefore depending on the benefits you are salary packaging and whether there is a reportable value, you may find there is an impact.
However, in most cases, the impact is low and you will still see a great tax saving. Its best to be fully informed and contact our team so we can assist you in assessing this further. It is also highly recommended you seek your own independent advice. |
| Depending on what you are salary packaging, yes, you are able to pause or stop. We suggest getting in contact with our team to understand more. |
| Often your HR or Employee Benefits team will make it known what you can salary package, but we are more than happy to discuss what benefits you have access to through Kooya. |
| We would love to chat with and your HR or payroll team and establish Kooya as a salary packaging & novated leasing provider.
Get in contact with us at 1300 856 802 sa***@*******om.au |
