ELECTRIC CAR LEASING
Novated Lease electric cars
Time to go electric?
Novated leasing makes it affordable
The government’s commitment to a greener Australia means the electric vehicle discount is working hard for more Australians than ever. Combine that with the unbeatable perks that come from choosing a novated lease car and there's never been a more wallet-friendly moment to embrace the electric revolution.
By choosing from the huge range of novated lease electric vehicles available and making your car payments from your salary pre-tax, you also pay zero upfront GST costs “Based on eligible Phev and Electric Vehicles that fit under the ATO guidelines for FBT free vehicles”. Don’t miss out on the money saving and environmental advantages available through buying electric today.
Contact us today for a free personalised quote.
ELECTRIC VS PETROL
How much could you save on a novated lease electric vehicle?
The comparison is both based on an annual distance travelled of 15,000kms and a 5 year lease term.
NOVATED LEASE VS A CAR LOAN
Thousands of dollars off the cost of an EV
As part of the 2022 government tax exemption, there’s now no fringe benefits tax for eligible novated lease electric cars costing less than $89,332. This can make electric vehicles as cheap to lease as a regular petrol or diesel car. Not only does this save you money upfront, but you recoup the ongoing benefit of not having to buy petrol once your electric vehicle is on the road.
What’s more, if you’re one of the many clever people now choosing the novated lease vehicle option you get the added benefit of reducing your taxable income which can mean you make big savings at tax time.
If the rising cost of fuel is beginning to pinch and you want to take advantage of the awesome electric vehicle tax exemptions, it’s never been a better time to switch to a novated lease electric car.
E-VEHICLE + NOVATED LEASE
How does this benefit you?
What’s the electric vehicle discount?
The electric vehicle discount is like a financial high-five from the government for choosing an electric car. It’s their way of saying, "Thanks for being a cool, eco-friendly driver!"
When you take out a novated lease for an eligible electric vehicle (i.e. an electric vehicle valued under $89,332, first held and used after 1 July 2022) you can pay for your electric car entirely with your pre-tax salary and not worry about fringe benefits tax. This means you could save a lot more money over the duration of your lease on an electric car, especially when compared to a petrol car.
How much could you save with the EV Discount?
You could literally save thousands on an electric car with a novated lease. Here’s how it works…
(This still requires Calculations from our system) to follow.
Let’s say your salary is $80,000 and you have your heart set on a Tesla 3, driving it 15,000 kms every year for five years. Even though the Tesla costs $20,000 more than a regular petrol car like the Mazda CX-5, you'll still pay the same amount every week with a novated lease.
Do plug-in hybrids get the discount? Yes!!
When looking at novated lease electric vehicles, don’t forget about plug-in-hybrid-electric vehicles. These cars combine a conventional internal combustion engine (typically Petrol) with an electric motor and a rechargeable battery. But unlike traditional hybrid vehicles, which primarily use the Petrol engine for propulsion and rely on regenerative braking to charge the battery, plug-in hybrids can be plugged into an external power source to charge the battery pack, allowing for extended electric-only driving.
Why is this helpful? Having a dual powertrain setup provides the flexibility of driving on electric power alone for shorter distances, while still having the range and convenience of a petrol engine for longer trips.