Sale of a leased motor vehicle

Work out GST, cash after lender payout, and the book gain or loss when disposing of a vehicle that was under finance or lease.

General information only. This calculator provides general information based on the figures you enter. It is not personal financial, credit, tax or legal advice and does not consider your objectives, financial situation or needs. By using this calculator you acknowledge the results are general in nature. Read our editorial guidelines.

Your details

Sale proceeds (GST inclusive)

GST on sale (%)

Lender payout figure

Carrying value in books (ex GST)

Results

GST on sale: $2,727
Net proceeds (ex GST): $27,273
Cash to seller after payout: $8,000
Book gain on disposal: $2,273

Estimates only and general in nature. Not personal financial, credit, tax or legal advice. Confirm figures with your lender, accountant or the relevant state revenue office before making a decision. See our Disclaimer, Conflicts of Interest and How we get paid.