novated lease for tesla

Thinking about a novated lease for a Tesla? Good news: eligible zero or low‑emission Teslas that sit under the fuel‑efficient Luxury Car Tax threshold can be exempt from Fringe Benefits Tax, which is a posh way of saying you keep more of your pay in Australia. A novated lease bundles finance, rego, insurance, servicing, tyres and charging into pre‑tax deductions, often with GST savings baked in. You’ll still have a balloon (residual) at the end per ATO rules, and you’re paying interest and running costs—EVs aren’t powered by vibes alone. Check your employer’s salary packaging policy, confirm your chosen model’s eligibility, and compare providers’ fees and rates before signing anything. State incentives and stamp duty settings vary across Australia, so read the fine print and get independent advice.