Tesla Novated Lease: Best Electric Cars for Leasing in 2025
As the demand for electric vehicles (EVs) continues to rise, Tesla has solidified its place as a leader in the electric car market. If you’ve been considering driving a Tesla but are unsure about the costs, a Tesla novated lease might be the perfect solution for you. This article explores why Tesla is one of the best options for novated leasing in 2025, highlighting key models, benefits, and how to get started with leasing a Tesla through a novated lease.
What is a Tesla Novated Lease?
A Tesla novated lease is a finance arrangement where an employee leases a car through their employer as part of a salary packaging arrangement. Under this setup, your employer makes the lease payments directly from your pre-tax salary, allowing you to benefit from tax savings while driving a vehicle that suits your lifestyle.
For many Australians, novated leasing presents a cost-effective way to access luxury and high-performance vehicles like Tesla. With the Tesla Model 3 and Tesla Model Y becoming more popular, novated leasing offers a flexible way to get behind the wheel of these cutting-edge electric cars without the large upfront payment.
Why Choose a Tesla for Novated Leasing?
Tesla cars are renowned for their superior performance, impressive range, and innovative technology. With a Tesla novated lease, you can access these benefits while enjoying significant tax savings. Here’s why many Australians are choosing Tesla:
Advanced Technology
Tesla cars are equipped with top-of-the-line technology, including autopilot features, over-the-air software updates, and superior infotainment systems. With a novated lease, you can enjoy the latest tech innovations without the hefty purchase price.
Low Operating Costs
Electric cars, including Tesla models, have significantly lower running costs compared to traditional petrol or diesel vehicles. With the rising cost of fuel, driving an electric car means you can reduce fuel expenses and benefit from government rebates on electric vehicle purchases in some states.
Environmental Impact
While the environmental benefits of electric vehicles are often discussed, Tesla also focuses on producing a sustainable future with their zero-emissions cars. Though we are not delving into environmental impact here, the benefits of reducing your carbon footprint can be a key motivator for choosing a Tesla novated lease.
Tax Benefits
The biggest draw of a novated lease is the tax benefits. By leasing a Tesla through a novated lease, your payments are made from your pre-tax income, meaning you pay less tax on your salary, and thus, increase your take-home pay.
Tesla Models Available for Novated Leasing in 2025
In 2025, there are a few standout Tesla models that are ideal for leasing. Whether you’re looking for a more affordable option or a high-performance vehicle, Tesla has something for everyone. Let’s dive into the models you should consider.
Tesla Model 3
The Tesla Model 3 is one of the most popular electric cars in Australia and around the world. It offers a stylish, sleek design, impressive performance, and a generous range that makes it an excellent choice for daily commuting or long drives.
When opting for a Tesla Model 3 novated lease, you can enjoy a car that’s easy to handle and packed with features such as a minimalist interior, large touchscreen interface, and advanced driver-assistance features.
Tesla Model Y
The Tesla Model Y is the SUV counterpart to the Model 3. It shares many features, but with the added benefit of more space and a higher driving position. The Model Y also offers an impressive range and performance, along with ample room for passengers and cargo.
A Tesla Model Y novated lease is perfect for those who need the versatility of an SUV but want to enjoy the benefits of driving a Tesla. Whether for family trips or adventure weekends, this model is perfect for those who require more space without sacrificing performance.
Tesla Model S and Model X (optional)
While these models are more premium and come at a higher price point, they are worth mentioning. The Tesla Model S and Model X offer exceptional performance, autonomous driving features, and luxury comfort. A Tesla novated lease is a great way to access these higher-end models if you want ultimate luxury and technology.
Tesla Novated Lease Calculator
Understanding the financial implications of a Tesla novated lease is crucial to making the right decision. Fortunately, Tesla novated lease calculators make it easier to estimate how much your lease will cost and what tax savings you can expect.
A Tesla novated lease calculator is a tool that helps you estimate your monthly lease payments based on various factors, such as the cost of the vehicle, your salary, and the lease term. It also allows you to account for additional costs such as insurance, maintenance, and fuel.
How to Use It?
Using the calculator is easy. You’ll typically need to input the following details:
The price of the Tesla you wish to lease.
Your salary.
The lease term (typically 2-5 years).
Any additional costs, such as maintenance and insurance.
Your expected kilometre usage.
The calculator will then show your estimated monthly payments, as well as any tax savings you might be able to benefit from.
Benefits of Leasing a Tesla with a Novated Lease
Choosing a Tesla novated lease is not only a practical decision but a financially savvy one. Here are some of the benefits that make leasing a Tesla so attractive:
Tax Savings
With a novated lease, your monthly payments are made from your pre-tax salary, which means you will reduce your taxable income and increase your take-home pay. Over time, these tax savings can add up significantly.
Fixed Payments
A novated lease ensures that your monthly payments remain fixed for the duration of your lease, making it easier to budget for your car expenses. No surprise bills or fluctuating costs.
Bundled Services
Many novated leases offer the option to bundle services like insurance, maintenance, and registration, which makes managing your car’s costs even easier. This means no additional out-of-pocket expenses for car upkeep.
Drive a High-Performance Electric Vehicle
By choosing a Tesla through a novated lease, you’re not only driving an environmentally conscious vehicle but one that offers top-tier performance, technology, and safety features. Whether you choose the Tesla Model 3 or the Tesla Model Y, you’re getting a car built for the future.
How to Apply for a Tesla Novated Lease
Applying for a Tesla novated lease is a straightforward process. Here’s a quick guide to help you get started:
Check Your Eligibility
To apply for a novated lease, you must be an employee with a salary package allowing salary sacrifice.
Choose Your Tesla Model
Decide which Tesla model you wish to lease. Whether it’s the Tesla Model 3, Tesla Model Y, or another model, you can consult with a novated lease provider to help you choose the best car for your needs.
Get a Quote
Work with your employer and a finance provider to get a quote for the novated lease. Use the Tesla novated lease calculator to understand the payments.
Sign the Lease Agreement
Once everything is in place, sign the lease agreement and begin driving your new Tesla.
Cost Comparison: Tesla Novated Lease vs. Traditional Purchase
Many Australians are faced with the decision of whether to lease or buy a car. When it comes to a Tesla, leasing often provides a more cost-effective option. Here’s why:
Leasing
Monthly payments are made from pre-tax salary.
No large upfront payment required.
Flexibility to upgrade to a new model after a few years.
Maintenance, insurance, and registration can often be bundled into the lease.
Buying
Large upfront payment or loan repayment required.
No flexibility to change the car after a set period.
The owner bears all maintenance and running costs.
When comparing the costs of a Tesla novated lease versus purchasing, leasing offers a more manageable financial option, especially if you’re looking to drive a high-end electric vehicle like a Tesla.
Conclusion
In 2025, Tesla novated leases are an ideal way to get behind the wheel of a high-performance, technologically advanced electric car. Whether you choose the Tesla Model 3, Tesla Model Y, or another model, a novated lease can provide significant tax savings, fixed payments, and the ability to drive a state-of-the-art vehicle without the large upfront cost.
If you’re considering a Tesla novated lease, take advantage of tools like the Tesla novated lease calculator to estimate your payments, and consult with a leasing provider to get the best deals available.
If you’re ready to explore your options for a Tesla novated lease, Novated Finance Australia got you. Our team of experts can help guide you through the leasing process and get you behind the wheel of your dream Tesla in no time. Contact us and take the first step towards driving a Tesla with a novated lease today!
FAQs
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A Tesla novated lease is a salary sacrifice arrangement where you lease a Tesla vehicle through your employer. The lease payments are made directly from your pre-tax salary, potentially reducing your taxable income and offering savings.
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In Australia, a Tesla novated lease allows you to drive a Tesla while your employer makes the lease payments from your pre-tax salary. You also benefit from maintenance, registration, and insurance costs bundled into the lease.
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Yes, you can select from various Tesla models, including the Tesla Model 3 and Tesla Model Y, for your novated lease. Just ensure the chosen model fits within your employer’s requirements and budget.
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A Tesla novated lease provides tax benefits, reducing your taxable income. You also have lower upfront costs, flexible lease terms, and the convenience of having vehicle expenses, like insurance and maintenance, included in the lease.
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A Tesla novated lease calculator helps estimate monthly lease payments, including maintenance, insurance, and other associated costs. Simply enter your desired model and lease term, and the calculator will give you a detailed payment breakdown.