electric car novated lease

Ah, the electric car novated lease—because who wouldn’t want to combine the confusing world of tax benefits with the silent hum of a battery-powered beast? Essentially, a novated lease lets you salary-sacrifice a vehicle, including electric ones, potentially reducing your taxable income. Electric cars often qualify for additional government incentives, which can sweeten the deal further.

Prices vary wildly depending on the model, with new EVs starting from around AU$40,000 to well over AU$150,000, while used options can be found cheaper on sites like Tradingpost or CarShowroom. Just remember, novated leases come with strings attached—job security and lease terms matter, so read the fine print or you might end up paying more than the car’s worth.