Vehicle

Best value for the month

Vehicle image

2024 Volkswagen Golf R

Hatchback
5-Door
Petrol

From weekly*

$367

Est. savings over lease

$16,744

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Vehicle image

2024 BMW iX1 eDrive 20 XLine Wagon

Wagon
5-Door
BEV

From weekly*

$295

Est. savings over lease

$42,463

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* Figures are based on the following criteria: 1) Carbar Novated Lease 2) Gross annual salary of $85,000; 3) VIC on road costs; 4) Travelling 10,000km p.a.; 5) 60-month lease term; 6) calculated using the Employee Contribution Method (ECM); 7) Assumed residual value based on residual percentage outlined by ATO guidelines as 01/07/24; 8) Payments made monthly in advance; 8) Budgeted running costs inclusive of vehicle finance, fuel (excl. electric vehicles), servicing, tyres, maintenance, roadside assistance, comprehensive motor vehicle insurance and re-registration over the period of the lease. 9) FBT exemption applied to eligible Electric Vehicles. GST saving up to $6,334 (as per ATO guidelines as at 01/07/24). The exact residual amount, as set by the ATO, will be specified in your vehicle quote and is payable at the end of the lease term. Vehicle pricing is correct at the time of publishing but may be subject to change based on availability. Novated Lease offers are indicative only and availability on the selected new vehicles and models shown may change. Vehicle delivery timeframes may vary, depending on manufacturer availability, at time of order. Savings estimate based on the income tax and GST savings of a Novated Lease calculated using the Employee Contribution Method compared to the purchase of the same vehicle using post-tax earnings.

You pay

$0.00

Estimate includes finance, fuel and running costs. View breakdown of costs


You save

$0.00

All your car and running costs are included

Lease payments, fuel or electricity, servicing, tyres and rego

  • Car payments
  • Servicing
  • Registration
  • Fuel or electricity card
  • Tyres

Lease options

Terms

5 year

year

year

Annual expected km's

15,000 km

km

km

Your salary before tax

$70,000

$

$

Cost breakdown

With Novated lease

Your income before tax

$0.00

Pre-tax car deductions

-$0.00

Taxable income

$0.00

Income tax

-$0.00

Post tax car deductions

-$0.00

Net income

$0.00

Without Novated lease

Your income before tax

$0.00

Pre-tax car deductions

-$0.00

Taxable income

$0.00

Income tax

-$0.00

Post tax car deductions

-$0.00

Net income

$0.00

Enquire Novated lease

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By clicking "Get a quote", you acknowledge that you have read and agree to carbar's purchase terms and conditions and privacy policy.
This calculator provides general information only, does not constitute financial or personal advice or a binding offer or quotation, and should not be relied upon by users. Estimates are indicative and calculated on the vehicle total on-road costs including registration and stamp duty; excluding dealer charges and discounts which will be negotiated when ordering via the carbar Car Buying Service. Estimated repayments include an annual estimate for fuel, maintenance, tyres and registration.
carbar calculations are designed to be a guide only to the tax savings you may achieve from a Novated Lease. Eligible Electric and low emission vehicles that are exempt from FBT will still have a Reportable Fringe Benefit Tax amount that can have implications on payments such as HECS/HELP payments, child support payments, as well as possible implications for some family tax benefits. If this impacts you, you may wish to speak to your payroll department to understand the impact on your pay and/or seek independent financial advice.
Calculations for second hand eligible electric and low emission vehicles assume that the first time the vehicle was both held and used was after 1 July 2022 and that luxury car tax has never been payable on the importation or sale of the vehicle. If the vehicle does not meet these criteria, the vehicle is not eligible for the FBT exemption and the calculations will differ from those shown.
carbar accepts no responsibility for reliance on the calculations provided. Before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances.
Please contact a carbar team member for an accurate and tailored quote by calling 1300 620 685