Is the final calculation a guarantee that I'll get that loan amount from the bank?

No, the novated lease calculator is only a calculation of the potential repayment you should expect by taking out a loan with the exact amounts you inputted. A bank or lender will make its own decisions about whether you can borrow.

How accurate is the novated lease calculator?

Much like a normal calculator a novated lease calculator uses solid mathematics to come up with the repayment amount. As long as the information you enter into the calculator is accurate, the result will be accurate. If you are using the calculator with estimated numbers your answer will also be an estimate.

Do I need to turn over personal information to use the calculator?

No, personal information is not required to use the novated lease calculator. All you need is information regarding the loan: the loan amount, the loan term, the interest rate, the repayment frequency, and the residual percentage and residual amount if applicable. If you are planning to take out a novated lease for a vehicle with your employer and you want to get an idea of what you’ll be paying towards the loan, you might want to use the novated lease calculator. All you have to do is enter in the required information regarding your potential loan and you’ll get the results quickly and easily. You can even use it to keep track of a current novated lease. For even more help with your novated lease compare the available loans offered by different lenders to get the best possible deal for you and your employer.