electric novated lease

An electric novated lease lets you salary-package an EV via your employer, rolling the car and running costs into pre-tax deductions.

Thanks to Australia’s EV FBT concession, many eligible electric cars under the Luxury Car Tax threshold can attract little to no FBT, often making them cheaper to run than a comparable petrol chariot.

You bundle finance, insurance, rego, servicing and charging into one payment; at the end you can trade in, refinance, or pay the residual (balloon).

Do the maths on eligibility, LCT thresholds, kilometres assumed and early termination fees, because shiny spreadsheets can fib.

If your job’s stable and you fancy silently whooshing past servos, it’s a tidy route; if you change employers like socks, it can be messier than a melted Choc Top.