Is It Worth Salary Sacrificing a Tesla?
Salary sacrificing a Tesla through a novated lease can be a smart financial move, especially if you're keen on driving a luxury electric vehicle while minimising the hit to your wallet. Here’s why salary sacrificing a Tesla might be worth considering.
1. Tax Savings
The most significant benefit of salary sacrificing a Tesla is the tax savings. When you salary sacrifice, a portion of your pre-tax income goes towards the lease payments, reducing your taxable income. This can potentially move you into a lower tax bracket, which means you’ll pay less tax overall. Over time, these savings can add up, making the cost of leasing a Tesla far more affordable compared to financing a vehicle through traditional methods.
2. Reduced Running Costs
Teslas are known for their low running costs, particularly when compared to petrol or diesel cars. Charging an electric vehicle like a Tesla is cheaper than filling up a fuel tank, and with fewer moving parts, maintenance costs are generally lower as well. Combined with the tax savings, this makes salary sacrificing a Tesla a financially sound choice.
3. Environmentally Friendly
For those looking to reduce their carbon footprint, Tesla is an attractive option. Driving a fully electric vehicle means you’re contributing to lowering greenhouse gas emissions. If your workplace offers a green incentive program, you might also be eligible for additional benefits by choosing an environmentally friendly vehicle.
4. Convenience
With a novated lease, all the vehicle-related expenses such as registration, insurance, and maintenance are bundled into one easy payment. This simplifies budgeting and provides peace of mind, knowing all costs are taken care of.
If you're in the market for an electric vehicle and want to take advantage of tax benefits, lower running costs, and an eco-friendly ride, salary sacrificing a Tesla is definitely worth considering. The financial savings combined with the luxury and convenience of driving a Tesla make it an option that many Australians are increasingly exploring.
Want to know more about novated leasing and salary sacrifice options for Teslas? Contact us today to see how we can help you get behind the wheel of your dream electric vehicle.