Is it Worth Getting a Tesla on a Novated Lease?
Getting a Tesla on a novated lease can be a smart move, particularly for those looking to save on tax, enjoy the benefits of electric vehicles (EVs), and have predictable running costs. Novated leasing works by allowing you to salary package the lease payments and vehicle running costs, which can lead to significant tax savings. But is it worth considering a Tesla?
Tax Savings and Financial Benefits
A novated lease can offer tax benefits that make owning a Tesla more affordable. By using your pre-tax income to pay for the car and its associated costs (like insurance, servicing, and charging), you lower your taxable income. This can result in significant savings, especially for higher-income earners. With Tesla’s reputation for having lower maintenance costs than traditional vehicles, the running expenses can be quite manageable, adding to the financial appeal of a novated lease.
Sustainability and Technology
Tesla is synonymous with cutting-edge technology and sustainability. If reducing your carbon footprint is a priority, driving a Tesla can help you meet your environmental goals. Australia's growing EV infrastructure also makes owning an electric car more practical than ever before. Tesla models are equipped with innovative features like Autopilot and over-the-air software updates, ensuring you’re always driving a modern and efficient vehicle.
Resale Value and Longevity
One of Tesla's standout features is its strong resale value. Thanks to its popularity and the shift toward greener technology, Teslas tend to retain value better than many other cars. If you decide to upgrade or change your vehicle at the end of the lease, the high resale value could work in your favour.
Government Incentives
In some Australian states, government incentives and rebates are available for electric vehicle buyers, which may further reduce the cost of getting a Tesla. When combined with a novated lease, this can make the financial proposition even more attractive.
Is It Worth It?
For those looking to combine environmental responsibility, cutting-edge technology, and financial savings, getting a Tesla on a novated lease can be a great choice. The tax benefits, lower running costs, and strong resale value all contribute to the appeal of this option.
Ready to take the next step? Contact us today to explore your Tesla novated lease options and start saving on your next car!