Huge Tax Benefits

Novated Leasing for Electric Cars

Access the secret to how Australians are instantly saving up to $50,000 on an EV

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FBT-Free EVs in 2025

Save money on your EV with a novated lease

EVs are now FBT-Free with a novated lease! Start planning your EV purchase today

From 1 April 2025, plug-in hybrid electric vehicles (PHEVS) will no longer be considered zero or low-emission vehicles under FBT law. They will not be eligible for the electric car exemption. However, you can still apply the electric car exemption if your PHEV meets the following requirements:

  • The vehicle was used or available for use before 1 April 2025, and

  • A financially binding commitment was to continue providing the vehicle for private use after 1 April 2025.

Affordable Vehicle Purchase Price: Novated leases provide a more cost-effective way to own an electric or plug-in hybrid vehicle.

Substantial Tax Savings: Take advantage of the FBT exemption, which can save you up to 47% on Fringe Benefits Tax, significantly reducing the overall cost of your vehicle.

Increased Accessibility: With novated leasing, owning an electric or plug-in hybrid vehicle is more attainable than ever before.

By salary packaging your electric or plug-in hybrid vehicle with Novated Finance Australia, you'll enjoy the FBT exemption (if eligible) and the convenience of having all lease payments deducted from your pre-tax income. This means more savings in your pocket and a greener future ahead!

Go Electric: Save Big with a Novated Lease

EVs are now FBT-Free with a novated Lease! Start planning your EV purchase today.

Here’s why it’s smart to get a Novated Lease for your vehicle →

  • BIG SAVINGS

    With an EV novated lease, you can significantly reduce your tax liability. By using pre-tax dollars for your lease payments and other running costs like charging, insurance, and maintenance, you'll enjoy more take-home pay. Plus, there are government incentives available for EVs, making it even more cost-effective. (No FBT under 88k).

  • Eco-Conscious Driving

    Opting for an Electric Vehicle Novated Lease aligns your transportation choices with environmental consciousness. Zero tailpipe emissions mean you play a pivotal role in diminishing the carbon footprint, making each drive a step towards a sustainable planet.

  • Low running costs

    Electric vehicles are incredibly efficient and have lower ongoing expenses. Say goodbye to expensive fuel bills – charging an EV is a fraction of the cost of petrol or diesel. With fewer moving parts, maintenance is also more affordable.

  • Leading-edge technology

    EVs are at the forefront of automotive technology. They come packed with advanced features, safety enhancements, and cutting-edge infotainment systems. You'll experience the thrill of driving a modern, high-tech vehicle.

  • Silent and smooth

    Electric Vehicle Leases represent more than financial wisdom; they embody the tranquil future of transportation. The absence of engine noise transforms your commute or road trip into a serene journey, enhancing your driving pleasure and reducing stress.

  • Charging convenience

    Charging an EV is as simple as plugging it in at home, at work, or at one of the growing number of public charging stations. You'll never have to revisit a gas station.

  • Future-proofing

    Embracing an EV Novated Lease Australia positions you at the forefront of automotive innovation, ready for future regulations and advancements. This proactive choice ensures your mobility solutions are sustainable and forward-thinking.

  • Maximised support

    Choosing a Novated Lease EV through Novated Finance Australia means access to expert guidance every step of the way. Our dedicated team ensures a smooth process, from selection to ongoing management, prioritising your satisfaction and ease.

Get up to $50k back in savings with a novated lease! see our latest deals

Discover unbeatable novated lease deals that offer flexible options, low weekly payments, and no hidden fees. Whether you’re looking for a new or used vehicle, we make it easier than ever to drive your dream car. Enjoying hassle-free financing tailored to your needs.

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A novated lease is the tax friendly, hassle free way to purchase your next vehicle.

Have any questions?

From electric wonders benefiting from government incentives to fuel-efficient models designed to cater to your daily commute needs, all of these vehicles promise an exceptional driving experience.

  • You can include lease payments, charging expenses, insurance, and maintenance costs, maximising the financial efficiency of your Electric Vehicle Lease.

  • Charging costs can be reclaimed as part of your lease agreement, allowing for straightforward management of your EV operating expenses.

  • Costs not directly related to the operation and maintenance of the vehicle, such as traffic fines or non-approved modifications, are typically excluded.

  • Lease terms are flexible and designed to accommodate your needs and preferences, with most agreements ranging from one to five years.

  • You will have the option to either extend the lease for the same vehicle or pay the leftover amount to get the vehicle in your ownership. You also have the option to upgrade to a new vehicle with a new lease.

  • Yes, government incentives for EVs can still be accessed alongside the benefits of an EV Novated Lease, enhancing the overall value and savings.

Save on tax and get into your dream car with a novated lease

Access the secret to how Australians are instantly saving up to $50,000 on an EV