Simplifying EV Ownership with a Novated Lease
If you’re thinking of switching to an electric vehicle (EV), opting for a novated lease can make the process simple, stress free, and even help you save on tax. With a novated lease, all your car-related expenses—and associated car expenses like maintenance, insurance, and even charging—are combined into one easy payment. This not only simplifies your budgeting but also eliminates the worry of unexpected costs. Read more on the benefits of a novated lease here.
Tax Savings and Environmental Benefits
One of the key benefits of a novated lease for electric vehicles is the potential for significant tax savings, especially with the FBT (Fringe Benefits Tax) exemption for electric cars. This exemption means you could purchase an EV for a similar price to its petrol counterpart. New battery-electric and plug-in hybrid electric vehicles (PHEVs), up to a total cost of $89,332 are eligible for this incentive. If you’re interested in a PHEV, be quick - the exemption for PHEVs is due to expire on 1 April 2025.
If this all sounds complicated, we’re here to help! We’re experts in all things novated leasing, and can let you know exactly how much you could be saving.
Flexible Lease Options Tailored to You
Beyond the tax advantages, a novated lease provider typically offers flexible lease options that can be tailored to your needs. Whether you're looking for a specific electric vehicle model or customised novated lease package, we’ll work with you to source a vehicle that fits your lifestyle and budget.
Stay Up-to-Date with the Latest EV Technology
Choosing a novated lease electric vehicle gives you access to the latest EV technology, with the option to upgrade to newer models as they become available. At the end of your lease, you can either keep your car or trade up to a newer model, ensuring you're always driving a vehicle that meets high standards of efficiency and sustainability. So, if you're thinking about switching to an EV, a novated lease is a great way to maximise your savings, reduce hassle, and enjoy the many benefits of driving an electric car.