Eco-Friendly Leasing: Finding the Best Electric Car Novated Lease Options

Eco-friendly leasing is gaining momentum as the world shifts towards sustainable living. Among the many green choices, finding the best electric car novated lease stands out for those aiming to balance financial savvy with environmental responsibility. 

Novated Finance Australia offers various lease options for different electric vehicles, including the 2023 ATTO 3 by BYD, the Tesla Model 3 MY23.5, and the Volvo 2023 XC40 XZ MY24. Opting for a novated lease can save you thousands while driving some of the latest electric models.

Benefits of Electric Car Novated Leases

Cost Savings

One of the primary advantages of a novated lease, especially for electric vehicles, is the significant cost savings. It's an efficient way to manage vehicle expenses, from the purchase price to running costs, all while enjoying the benefits of driving a brand-new, eco-friendly car.

Enjoy Fringe Benefits Tax (FBT) Exemption on Electric Vehicles

Electric vehicles priced under $89,332 benefit from an FBT exemption. This policy encourages the adoption of eco-friendly transportation by reducing the financial burden on electric vehicle owners. It's an excellent opportunity to switch to a greener option without incurring additional tax costs.

Environmental Impact

Electric cars reduce greenhouse gas emissions and air pollution, creating a healthier environment. By choosing a novated lease for an electric vehicle, you're saving money and positively impacting the planet.

Choosing the Right Electric Car for Your Novated Lease

Assessing Your Needs

Consider your daily commute, driving habits, and vehicle size requirements. Models like the 2023 Mercedes Benz EQA 250 offer luxury, whereas the BMW 2023 iX1 might appeal to those looking for performance and efficiency.

Comparing Models

Each electric vehicle has its unique set of features. For instance, the Volvo 2023 XC40 XZ MY24 is known for its safety and sustainability, making it an excellent choice for families.

Popular Electric Cars for Novated Leases

1. 2023 ATTO 3 by BYD: Its compact size and efficient battery make it perfect for city commuting.

2. Tesla Model 3 MY23.5: Offers cutting-edge technology and unmatched performance.

3. Volvo 2023 XC40 XZ MY24: A top pick for those valuing safety and environmental sustainability.

4. BMW 2023 iX1: This model combines BMW's signature luxury and performance with the efficiency and sustainability of electric power.

5. Mercedes Benz 2023 EQA 250: Offering elegance and advanced features, this Mercedes Benz model brings luxury to the eco-friendly market.

What's Included in Your EV Novated Lease?

The package encompasses finance repayments, service and maintenance, and replacement tyres. It also covers registration and Compulsory Third Party (CTP) insurance alongside comprehensive insurance for full coverage. Fuel or charging is included for your vehicle's energy needs, depending on whether it's a conventional or electric model. In case of unforeseen events, accident management services and roadside assistance are provided for peace of mind during travel.

How to Get Your Novated Lease Electric Vehicle?

Follow these steps to navigate the process:

Step 1: 

Choose your preferred vehicle. If you can't find it here, don't worry; we'll find it for you.

Step 2: 

Complete our quick form, and we'll schedule a time to call you.

Step 3:

Complete a credit application and sign our leasing documents after credit approval.

Step 4: 

We'll send the necessary information to your employer, guide them through the setup, and have them sign the deed of activation.

Step 5: 

Once finance is secured, we'll arrange for delivery of your car.

Step 6: 

We issue payroll instructions to your payroll department or external provider (such as Xero) to manage the payments.

Ready to drive the future? Explore Novated Finance Australia's electric car lease options today and save big on top models like the Tesla Model 3 and BMW iX1. Start your eco-friendly journey now!

Frequently Asked Question

• What is a Novated Lease?

  A novated lease is a three-way agreement between an employee, their employer, and a finance company, allowing the employee to lease a vehicle using their pre-tax income.

• Can I Save Money with an Electric Car Novated Lease?

  Absolutely. Novated leases offer significant savings on the purchase price and running costs, including for electric vehicles.

• Are Electric Cars Better for the Environment?

  Yes, electric vehicles produce zero emissions at the tailpipe, reducing air pollution and greenhouse gas emissions.