Find out how much better off you'll be with a Fleetcare Novated Lease. Smartleasing (our sister company) can help you purchase your next car with an easy and affordable novated lease. Audi Car Loan Calculator Explore. The cost of a set of her tyres is $850. As each term was considered in isolation, a lower residual could be achieved when multiple leases were used. At this. 25 for the fuel cost because we have clients in parts of. Novated leasing is an ATO-approved way of reducing tax for both employers and employees. 63% residual. Written by. A balloon loan typically features a relatively. This calculator will calculate the monthly payments, the interest cost, and the balloon payment for any combination of balloon loan terms. One of the rules of a novated lease is that there must be a ‘residual’ or 'balloon payment' amount at the end of the lease. Novated Lease Calculator Find out. The amount can be represented as an absolute dollar value or a. $1,425. Personally I would not recommend. You keep the car you have on lease and RemServ works with you to establish a new lease and budget. As an example, using round numbers, if you get a $100K car with a 25% residual value, you will pay off $75K over the course of the lease term and have a $25K residual. Novated operating lease. 63% of the amount financed. You can also save GST on all of the running costs of the car during the lease. Well it’s sometimes referred to as a “balloon payment,” and it’s a lump sum of money that you owe to the finance company when the term of your lease is finished. To calculate how much will be deducted before tax you need to do two separate calculations; Total vehicle annual running cost minus the FBT employee contribution = $5,800. A novated car lease allows you to drive the car you want - any make. 00 (incl. 25 = $2,531. Provide the funding institution’s name and the exact dollar amount of your loan. The balloon payment calculator is a loan calculator with a balloon payment that helps you to estimate the monthly fixed instalment and the final balloon payment of a given balloon loan construction. Driver support;. Most, basically all novated companies will charge a monthly fee to manage your lease. Leasing provider has sent me a quote for $730. You can extend your current lease, so long as it meets the used car criteria. It is a commercial finance product where a financier lends the money to buy a car and the customer makes regular repayments. Vehicle. Novated leasing is a form of ‘salary sacrificing’, which effectively reduces your taxable income. A novated lease is a financing arrangement that can be a cost-effective and tax-efficient way to purchase a new vehicle or the second family vehicle you've. A Paywise Novated Lease is a type of salary packaging benefit which enables your employer to make payments from your salary to cover running costs and the finance for your vehicle. August 1, 2021. Get excited about your next car purchase with payments directly from your pay, including all running costs (even fuel!). e. If you’re in the market for a new car then you probably already know about the benefits of novated leasing. My repayments were $1050 a month - about $600 pre-tax and $450 post. No. That’s why we also offer a range of competitive hire purchase options including structured. Over 30 years of experience, and at the forefront of innovation. c. Start with the sticker price (MSRP) of the car. No matter how much you drive, where you live or what you earn, you could save thousands with a novated lease designed to suit your life. In our Novated Lease calculator we use this measurement to calculate each fuel budget; (Litres/100kms) X (Your annual kms travelled/100) X (Average fuel cost per litre) = Fuel budget. Using our buying power, you can provide thousands of annual savings. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about. To give you an idea of how a novated lease cost calculation could end up looking here is an example, based on the following assumptions: Customer is buying a 2023 Tesla Model Y (RWD) Annual gross salary is $120,000. Australia’s #1 Novated Lease Experts. Whether you like the look of a new Mazda-CX 5, MX-5 or CX-9, our strong partnership with Mazda will get you the car you want, without any of the stress. A = Total operating costs. Constant Payment. 52 GST) = $25,055. SG Fleet has been providing fleet management and leasing solutions in Australia for over 30 years. This is often very clearly stated in a novated leasing quote, however worth asking if you can’t. Request a quote and we'll secure our very best price on the car you love. The vehicle may be sold or re-leased to payout the residual value at the end of the lease term. On the average car loan amount of $34,827, according to Money. Pay the residual. 87, including a total interest payment of $65,549. With a balloon payment, you pay part of the principal loan at the end of the loan term instead of bundling that with. Residual balloon payment - at the end of the lease, if you sell your car to fund the balloon payment, you keep any upside. 13%. 50%. 5 years. Pay at least 10% less than other drivers, just like that. If you find a new job with an employer who agrees to a novated lease, you will be able to ‘re-novate’ your lease and continue making payments as you did in your previous job. You enter into a finance lease with SG Fleet, and then a second document called a novation agreement is used to transfer some of your lease obligations to your employer. Finance for Toyota Corolla, Camry, RAV4, Prado, Kluger, Landcruiser, HiLux and more. 85% p. You could tailor your repayments to suit your business' cash flow. A 50% balloon payment of $25,000 would make for monthly repayments of $575. 91. When you take out a fully maintained novated lease with. 1. However, she’s hoping to save for an oversees holiday next year. Salary packaging a car, also known as a novated car lease, is one of the easiest and most cost-effective ways to buy and run a car. -23k balloon payment which you'll take another loan for or pull down from your mortgage, to buy the now 18k car you've already paid $37960 for-kid coming. Both require you to make regular payments and give you the opportunity of a balloon or residual value at the end of the term. Employer – the organisation you work for. Balloon payments are usually capped at a maximum 50% of the total loan amount. Calculate now. Car leasing options Novated leases. With a Fully Maintained Operating Lease, easily consolidate most running and maintenance costs into one monthly payment, with flexible terms from 3 to 5 years. 12. Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. It will give you an idea of your costs and take home pay with a lease. 80 per year. Include a balloon payment. If you wanted to lower your repayments, you could increase the loan term. Check your budgetsWhen you get a novated lease with SG Fleet, you will enjoy easy motoring while you save money and time. , with a residual value of 46. Australian credit licence 234945. Why RemServ. The Guide To Residual Value - With Minimum Residual Value Table. 67%. Calculate your savings today!We do it all for you. access to a wide range of lenders and finance products. Take the MSRP and multiply it by the residual percentage. In this arrangement, a regular deduction is taken from your pre-tax salary to cover the lease cost. Discover how much you could save on the cost of a car with a novated lease. Unlike other car leasing arrangements, a novated lease involves an employee and their employer, in addition to the financier. I’d be owning it after the balloon payment of 30k so would have spent a total of 58k for a car that would. so over a 3 year period, not only does he fork out $65k, at the end the company still claims he owes another 35k if he wants to buy the car. Does anybody know of a novated lease calculator where I can set: 1. However, they also allow a 5. This can effectively reduce your taxable income. Select ‘Self-Arranged Financing’. 00. A balloon payment is a larger-than-normal payment due at the end of a lease or loan. a. At no cost and no risk for employers, this is a great retention and attraction tool allowing businesses to effectively give staff a pay rise, without any additional expenses. The employee uses and maintains the car while the employer deducts the lease payments from the employer’s salary to repay the financier. The payments are taken from your regular pay cycle, covering the cost of the vehicle as well as. Novated leasing; Novated leasing calculator; Car search; Novated lease How to get a novated lease Steps to get a novated lease; Lease used cars; Car trade-in service; End of novated lease; Salary packaging; Novated lease insurance; Novated vehicle accessories; Novated leasing FAQs; Driver support. 6 Total cost over life, where life represents 5 years. There’s normally a balloon payment at the end of the lease period so watch out for that. At the end of the lease, there will be a residual (also called balloon) payment due to the financier, which is based on the original purchase price and lease term. 4 Year term - 37. The car loan calculator with balloon payment uses an amortisation calculation. These payments are made at a set agreed rate over the period of your choice (you can choose between 1 & 5 years). If you earn $70,000 per year (before tax) and your annual novated lease payments add up to $10,000, your taxable income lowers to $60,000. Our car rental alternative takes the stress out of traditional ownership. The cost of a novated lease can vary based on several factors. Balloon Loan Calculator. A novated lease can also be a great option for those looking for convenience and time-saving. So when you make that balloon payment at the end, that's the sale to you for it's value at that time. If you want to purchase a car, then the absolute cheapest way to do it is a 1 year novated lease then pay the balloon payment at the end. 21yrs – 24yrs old max NAF $50,000 ex GST. Information. The payment is designed so that the asset is not paid off completely in line with the vehicle’s depreciation schedule. The ATO sets specific rules around the residual value of your vehicle. These factors include: The length of the lease: Keep in mind that the length of the lease can impact your monthly payments, so it’s important to choose a term that fits your financial goals. From $221 per week. Normally, your loan amount will reduce to a $0 balance at the end of the loan term. in short, a novated lease puts the responsibility of payments into the hands of your employer, and your chosen car right into your hands. You don’t have to wait until the end of your lease to extend it. If the monthly payment is $200, you will have to come up with $4,800 to get out. 38. Costs include all the extras you choose (fuel, maintenance, rego and insurance). We compare annual costs of a novated lease to paying for the same car with after-tax salary. What does this Car Lease Calculator do? Use this Car Lease Calculator to calculate monthly, fortnightly or weekly repayments on Car Lease(Finance Lease) agreement for a car or other passenger vehicle. 80 per year. Taxable Income (with a Novated Lease): $112,728 (Tax Payable = ~$27,103) So before Lessor interest and fees, I have saved $2,728 on the car price (due to GST elimination) as well as $9,764 on tax, for a total saving of $12,492. Chart of balances. The intent of the Residual Value is to reflect a likely market value at the end of the lease term. A novated lease is a finance arrangement used with salary packaging. The car becomes a fringe benefit but is paid for by the employee using their pre-tax dollars or salary. TFM’s novated lease calculator is simple and easy to use. A novated car lease allows you to drive the car you want - any make or model, without compromising your. The Australian Tax Office has rules and. An ORIX Novated Lease is a three-way agreement between ORIX, your employer and you. A novated lease is a tax-effective agreement between you, your employer and LeasePlan that lets you lease a vehicle of your choice. The amount you can borrow for a vehicle will vary depending on the lender. Loan Balance Chart. The deductions cover all your vehicle finance and running costs including fuel, servicing, insurance, tyres and registration. This is the period of time the car will be leased. To submit a claim to Vero, contact the claim department on 1300 619 033, or via Vero’s app, Vero Drive Claims. There can be a balloon payment at the end of the loan term. Novated Lease Savings Calculator. It will also. The ATO. The cost of a set of her tyres is $850. 5 year loan term: 40% balloon. 12, from which the total monthly payment is $93,035. Macquarie balloon/residual refinance – min $5,000. Never again. These calculations and illustrations do not represent or replace professional finance and tax advice. Make. personalised service and a tailored car finance solution. The longer your lease, the lower the residual payment will be. These calculations and illustrations do not represent or replace professional finance and tax advice. After your final monthly payment, you pay a lump sum of £5,000 to the lender and the vehicle is all yours. Check the residual value or“balloon payment” that applies to your novated lease (remember, this is the amount you can pay at the end of the lease to take ownership of the car). 12. Five years of fortnightly pays equals 130 pays. Two years allows 45% depreciation offset against 40% FBT (2x20%). You don’t pay GST on the cost of the vehicles leased through dealerships and you could also save on tax dollars, as your employer makes the finance payments, and running costs if selected, from your pre. You can choose almost any car you want - we are independent and happy to lease with any manufacturer. 4 Year term - 37. The cost of a set of her tyres is $850. , with a residual value of 46. We help you set a budget for the ongoing running costs of your vehicle, which can be adjusted at any time throughout your lease. Step 7. Estimated out of pocket $794 (fortnight) Estimated savings over the life of the lease $19268. novated leases are easily one of the most cost-effective ways to buy a car in australia. Less tax, more savings, much easier. Novated leases are leasing options exclusive to salaried. 3. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. 15,000 X 5 = 75,000kms /35000 = 2. An indicative annual vehicle management service fee of $275. The employee has the risk for the residual value (balloon payment); and; Under a novated lease, a combination of pre and post-tax amounts are taken from the employee’s pay to cover the lease costs (and sometimes also running costs), as well as negating any resulting fringe benefits tax (FBT). The Lease Calculator can be used to calculate the monthly payment or the effective interest rate on a lease. While this exemption helps most, be. Find and play around with a few novated lease calculators online. 15,000 X 5 = 75,000kms /35000 = 2. You and your lender agree on a balloon payment of 25% or $10,000, i. The car lease calculator is quick and simple to use. Novated leasing is a type of car lease where you own the vehicle under a contract that has a balloon payment (also known as ‘residual value’ – which is a lump sum repayment) at the end of your lease term. Vehicle age for internal Macquarie balloon/RV refinance can be greater than 12 years. It represents the remaining (residual) value of the vehicle at the end of the lease term. Optional balloon payment available. Novated lease. Novated lease will cost 22. Stop dreaming, start driving. In our Novated Lease calculator we use $2. au experts on 1300 889 669 today. Estimated Kilometres Travelled Per Year. 5. A novated lease is one of the most cost effective and easiest ways to buy and run a car, and you don’t need to be earning a huge salary! Find out how it works. The range of options available is diverse, whether you have a car in mind or a budget in mind. $65,000. The exact residual amount will be specified in your vehicle quote. You use the value you purchased it for and. The size of the payment is calculated based on the forecast final value of the car at the end of the loan. On a $44,000 car that’s a $4,000 saving straight off the bat. The information provided by Lexus Financial Services, a division of Toyota Finance Australia Limited ABN 48 002 435 181, Australian Credit Licence 392536 is of. Then at the end of the term, it becomes due as a final payment of sorts. So basically, I'm looking to do a novated lease on my used vehicle for 4 year term. In general, the minimum novated lease amount is between $5,000 and $10,000, while higher amounts are subject entirely to the repayment capacity of the applicant. You can also do this with interest rates and leasing terms. You’ve probably heard of it, if you’ve had a car loan in the past. Give you breathing space to sell your car. Novated Lease Calculator. So if you save $65 each fortnight you can avoid “bill shock” at lease-end!what is a novated lease? novated leases can be a brilliant way to buy a car. Weekly salary impact is the effect on take-home pay (GST not applicable) with an annual gross salary of; Ford Ranger – $120,000, Nissan Patrol- $120,000, Lexus NX – $120,000, Toyota RAV 4 – $70,000, Mazda CX-5. Zoom, zoom into your new Mazda with a novated lease. If you purchase the vehicle on termination of the novated lease, GST will apply on the purchase price you pay at that time. Many people still refer to residual values as balloon payments. A monthly fee for the management of. Compare a novated lease to a car loan. The. At the end of the lease term there will be a residual value (balloon payment) owing. in short, a novated lease puts the responsibility of payments into the hands of your employer, and your chosen car right into your hands. when the lease ends there is no balloon payment as the car never ceases to be the property of your spouse (an operating lease is a better comparison here than novtated lease). Compare your comprehensive car insurance options and apply. 2. With novated lease I save about $30/fn (~800/yr) on income tax and all the gst on all the expenses of the car like petrol, rego, insurance, maintenance, which sounds like a. For example, on a 5-year novated lease, the minimum. Fixed or variable interest rate. Often, especially right now with car shortages, you're able to sell your car for a much higher amount than the balloon payment owed. 3. This calculator provides general information only by using some generic taxation scenarios and some p. A residual value is a portion of the lease repayment that is set aside at the start and not paid down. Making the balloon payment work for you. ›. Five years of fortnightly pays equals 130 pays. Sets of tyres required X Cost of the set / years of lease = Total tyre budget per year. However by 3 years the 55% allowed depreciation is losing against the 60% FBT (3x20%), Unless your Km travelled are very. In comparison to purchasing a car via a consumer finance loan which involves two parties – the seller and the buyer, novated leasing. The ATO says employees can renegotiate a novated lease at any time, subject to the terms of their employment contract. Term of the finance agreement. Use this Chattel Mortgage Calculator to calculate monthly, fortnightly or weekly repayments on Chattel Mortgage agreement for a car or other passenger vehicle. This value estimate can determine how much you pay per month and impact your balloon payment amount. Your income tax is then calculated on your now reduced salary, meaning. The novated lease instrument is common in Australia and involves a 3-way agreement between the lease company, employee and employer. At the end of the loan term, which typically runs for between one to five years, the lender interest over the car will be removed and the car will be 100 per cent yours. For that reason, she decided to snap up a loan with a 35% balloon payment, reducing her monthly repayments to $537. Let’s say that you bought a vehicle that’s worth $40,000 with a car loan term of 5 years and an interest rate of 4. Billie receives a salary of $120,000 a year and wants to buy a new electric vehicle for $60,000. 24 Month Lease – 56. 5k difference. Simply put, it means that your employer agrees to pay for your car lease and car running costs out of your salary package through a combination of pre-tax and post-tax salary deductions. Allow you to defer payment for part of the total loan amount. This is the only payment which GST will apply to, saving you up to $5,000 on the total value of the car; Using a novated lease calculator you can work out what your repayments will be and how long you'll have the lease for; Finance LeaseIf you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit. A finance lease gives you 100% financing at a known monthly cost with no capital outlay. This value is GST exclusive. From $214 per week. Now you can compare all FBT exempt EV's, then calculate the cost of any EV to your current take home pay in seconds, EV Novated Leasing. you (the employee) decide on the lease term, and the ato has guidelines on the minimum and maximum residual percentage (balloon payment) for. How To Calculate Csa . The novated lease is for $15,000 with a 3-year term at 5% interest with monthly repayments. It means at the start of the loan a large proportion of your repayments are going towards paying off interest. It is called a "balloon" because it is very inflated compared to your other payments. Try the Smartleasing calculator to see how much it all costs. For example, it was possible to lease finance a car for three years by first using a two-year term with a 56. In a novated lease, car repayments will be deducted from your gross salary by your employer and paid to a third-party financing company. SKODA Car Loan Calculator Explore. However, they also allow a 5 to10% valiance above these values. 93. 00. most of the providers have online calculators. With MYOB’s novated leasing, you can get the car you want with no finance deposit, and bundle up all your vehicle finance and running costs like fuel and maintenance into one convenient payment. Whether you’re ready to get started or need more information, we’re here to help. In effect this is a deferral of a portion of the principal owing to the end of term which helps to improve the cash flow of the borrower. Additional interest charges will accrue if you select a balloon final payment option and early termination fees may apply if you elect to make additional repayments during the loan term. Novated Lease Calculator; FUEL SAVING CALCULATOR; 1300 303 357; Book A Consultation; Beyond Bank Login; Member Login; 161 Donald Street, Brunswick East, VIC 3057;. discounted rates. This experience and a passion for innovation have enabled us to become one of the country's leading specialist providers to both the government and corporate sectors. 87, including a total interest payment of $65,549. With a car salary sacrifice agreement and employer contributions, Ben’s taxable income is reduced to $74,106. However we save about 7k tax on my husbands tax (not on reducing taxable income but the figure is the assumed tax payable to the government). This is the best calculator I've come across. The amount can be represented as an absolute dollar value or a. Calculation of the main indicators of the CSA calculator. calculator. The duration of the novated lease agreement can typically vary from one to five years. This equals the residual value. Salary Sacrificing Buying a new or used car with your pre-tax income is a. the next step: the end of your lease. Dividing $8,439 by 130 fortnightly pays is $64. (How much the balloon payment comes to depends on the lease duration and the value of. can a car lease be negotiated, auto loan apr rates based on credit score, car loan with 630 credit score vs, auto tax and tags calculator, hdfc pre owned car loan interest rate 2013, car tax calculator ireland tax, novated lease balloon payments, credit union auto loan rates houston, luxury car tax depreciation calculator, calculateur de pret banque laurentienne. So for a novated lease to not be worth it, the interest, fees and balloon payment (with one year depreciation) would. Salary Sacrificing Buying a new or used car with your pre-tax income is a. Administrator – interface with each the Employee, Employer and the Finance Company. How Are Novated Leases. How do I make an insurance claim? By phone or online. It short, it means you’ll pay what’s left at the end, so you can own the vehicle or. These payments are spread over the balance of the lease term. Body type. It can also allow you to bundle your vehicle’s expenses into one simple payment. Toyota commercial finance options. To figure out the repayments she decides to use the novated lease calculator. com. Many people still refer to residual values as balloon payments. 5% of the vehicle value. You can structure your car leasing calculation based on a specified loan term (length) in months or years, amount borrowed (financed), specified. Unlike other leasing options, you won't return the car to the financier at the end of your lease. Novated leases are a three-way arrangement between employees, an employers and financiers. Sets of tyres required X Cost of the set / years of lease = Total tyre budget per year. Latest Deals; Hot Topics; Employers. The ATO set guideline on residual values based on the lease term and are a percentage of the vehicle drive away cost. Our car broker can also assist you on sourcing the vehicle. 00. Assuming 5 years and a balloon of 28% (balloon payments have to be within range of ATO set %), you’ll have paid $118k over 5 years. Term – min 12 months to max 84 months. You won’t even have to wait to start saving – immediately save thousands in GST on the purchase price and then even more savings when running it! So, make that dream car a reality. As the constant payments go up, the balloon payment falls linearly to zero. But there is another option; a novated lease. With an annual salary of $75,000, John used Salary Packaging to make his lease payments from pre-tax income reducing his annual taxable income to $69,173 and increasing. No worries – contact us whenever you’re ready. Now you can compare all FBT exempt EV's, then calculate the cost of any EV to your current take home pay in seconds, EV Novated Leasing. A FleetPartners Novated Lease is a stress-free, cost-effective way to get, and run, a new or used car. And it’s all covered in one easy payment. From $232 per week. Cars and their related costs are one of our biggest household expenses, yet many of us haven’t been exposed to the savings advantages that a novated lease can offer. 76. The car loan calculator with balloon payment uses an amortisation calculation. Simply use our novated lease calculator to find your estimated savings and then get a FREE no-obligation quote on a vehicle of your choice. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. Novated Lease Calculator. Therefore the weekly FBT employee contribution is $115. This value is set by the ATO as follows; 1 Year term, has a residual value of 65. Insurance commissions (both comprehensive insurance and optional insurances. Calculation assumes a driver in NSW, driving 15,000km per year, with an annual salary of $120,000. It explains that there is a finance lease with the lease novation/novated lease A novated lease is just a lease that has been novated (which means replacing one party with another). Novated leases are designed to help savvy car buyers reduce their taxable income by allowing them to pay for a car out of their pre-tax salary (it’s sometimes called a ‘salary sacrifice’). With a novated lease, your employees can pay for vehicle expenses using a combination of their pre and post-tax salary, reducing their taxable income and the amount of tax they pay. This amount is set by the ATO as a percentage of the initial purchase price and generally estimates what the car will be worth at the end of the term. We understand that car leasing sometimes doesn’t work for a business. Important Relationships 1. That said, depending on your usage, petrol prices and electricity rates, some EV drivers say they save around $35 on a comparative ‘full tank’. 1-3 year loan term: 50% balloon. Residual value $12,500. b. If you earn $113k your take home is $84k. Running cost budget based on 15,000kms driven annually. Your monthly repayments will be lower than if you had no balloon, however you will still owe the lender $10,000 at the end of the five-year term. GST) has been included in your operating expenses. There’s no need to get a car loan or borrow against your mortgage. *Assumptions: Tax rate is 32. 80 per year. For instance, if you lease a Honda Civic with a value of $30,000 for three years at 5% p. 14 sets of tyres X $850 per set = $1,819/5 years = $363. Once the lease ends, you will turn the car back into the financier or dealer. low to no payout penalties. 5. This one-off final payment can account for a large proportion of your car loan which means your regular car loan repayments are a lower. the value of the car at lease end. 33% balloon payment of $16,665 would make for monthly repayments of $698. On a Novated Lease calculator the provider can change the way fuel/charge, tyres and scheduled services are calculated which will reduce the amount allocated to the running costs to make their quotes look cheaper, but in the end you could be paying a lot more. by striking up a deal between you, your employer, and your financier, you can easily save thousands of dollars over the course of your lease. Common misconceptions around residual values and novated leasing? August 1, 2021. The residual value, also known as a balloon payment, is the payment required by the Australian Tax Office at the end of a novated lease term. The type of vehicle you choose: The make, model, and specifications of the car you opt for will affect. Balances. To add self-arranged financing to your order, follow these steps: Place your vehicle order. Example – Mary drives 15,000kms per year and is about to start a 5 year lease. You do however pay gst on the balloon payment at the end of the lease. Novated Lease Calculator; FUEL SAVING CALCULATOR; 1300 303 357; Book A Consultation; Beyond Bank Login; Member Login; 161 Donald Street, Brunswick East, VIC 3057;. The finance company will be liable to pay GST to us on this lease. Borrow up to $150,000. A novated lease is an agreement between you, your employer, and SG Fleet. 15,000 X 5 = 75,000kms /35000 = 2. 15. All running costs, including lease payments, fuel or electricity, servicing, tyres, rego and insurance are included with your lease, so there's nothing else to pay for your car. Timing. A 40% balloon payment of $20,000 would make for monthly repayments of $649. Balloon payments, on the other hand, are based on a fixed percentage of the loan and,. You definitely want to keep this in mind for when you are setting your residual with your novated leasing provider. What fees do you charge?Travel costs ~$4 per 100km.