Electric Car Novated Leasing

What Is Electric Car Novated Leasing?

A novated lease for an electric car is a tax-effective agreement between you, your employer, and a leasing provider like us!

Pick Your EV

Choose any electric vehicle, new or used—think BYD Sealion, MG ZS EV, or even a luxury Polestar or Volvo.

Lease it

Bundle together the novated lease finance, charging and other running costs into one pre-tax repayment.

Salary Package

Your employer deducts lease payments from your pre-tax salary.

Drive Green

Enjoy your EV with lower running costs and no emissions.

Why Choose Novated Leasing for an Electric Car?

Novated leasing is tailor-made for EVs, offering benefits that make it far better than a standard car loan. Here’s why:

- Huge Tax Savings: Payments come from your pre-tax income, slashing your taxable income. For a $60,000 EV, you could save thousands yearly. Pay 100% of your lease and running costs (e.g., charging, insurance, servicing) pre-tax, saving up to 57% compared to traditional financing.)

- FBT Exemption: EVs under $89,332 (2025 Luxury Car Tax threshold) are often exempt from Fringe Benefits Tax (FBT), a perk not available with car loans.

-GST-Free Purchase: Save up to $6,334 on GST for a $70,000 EV. Car loans don’t offer this discount.

-Bundled Costs: Fuel (electricity), insurance, maintenance, and registration are rolled into one payment. With a car loan, you manage these separately, which adds stress.

-Lower Running Costs: EVs are cheaper to run (no petrol, less maintenance), and novated leasing maximizes these savings with tax breaks.

Compared to a car loan, novated leasing saves you more upfront, reduces ongoing costs, and supports Australia’s shift to sustainable driving.

Electric Car Options

Top 5 Electric Cars for Novated Leasing in Australia.

We’ve selected the best electric cars for novated leasing based on price (under $91,387 to qualify for FBT exemption), range, features, popularity, and lease affordability. Each model is ideal for Australian drivers, from city commuters to long-distance travelers. All prices are estimated driveaway costs as of April 2025, including GST (exempt on novated leases).

1. Tesla Model 3
Price: ~$65,000–$85,000
Range: Up to 600 km (WLTP)
Key Features: Autopilot, 15-inch touchscreen, 0–100 km/h in 4.4s (Performance variant)
Why It’s Great for Novated Leasing: The Tesla Model 3 is Australia’s top-selling EV, offering long range, cutting-edge tech, and significant tax savings. A 5-year lease on a Model 3 could save you ~$13,300/year due to FBT exemptions.

2. BYD Atto 3
Price: ~$50,000–$60,000
Range: Up to 420 km (WLTP)
Key Features: 12.8-inch rotating touchscreen, panoramic sunroof, vegan leather interior
Why It’s Great for Novated Leasing: Affordable and feature-packed, the Atto 3 is perfect for urban commuters. Its compact size and competitive price maximize tax savings, with ~$6,000–$8,000 annual savings on a 4-year lease.

3. Hyundai Ioniq 5
Price: ~$70,000–$85,000
Range: Up to 450 km (WLTP)
Key Features: Retro-futuristic design, 800V fast charging, spacious interior
Why It’s Great for Novated Leasing: The Ioniq 5 blends style, performance, and practicality. Hyundai’s novated lease partnerships often include free servicing and home chargers, boosting value.

4. BMW i4
Price: ~$80,000–$90,000
Range: Up to 590 km (WLTP)
Key Features: Premium cabin, 4.8s 0–100 km/h, advanced driver assistance
Why It’s Great for Novated Leasing: The i4 combines BMW luxury with EV efficiency, ideal for professionals seeking a high-end lease. Expect ~$11,000/year savings on a 5-year lease.

5. Volvo XC40 Recharge
Price: ~$75,000–$85,000
Range: Up to 475 km (WLTP)
Key Features: Top safety ratings, sustainable materials, Google-powered infotainment
Why It’s Great for Novated Leasing: Perfect for families, the XC40 offers safety and eco-credentials. Its price under $91,387 ensures FBT-free leasing, saving ~$9,500/year.

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The Convenience of EV Novated Leasing

Electric car novated leasing isn’t just about savings—it’s about making life easier. Here’s what makes it so convenient:

All-in-One Payments: One deduction covers everything—charging costs, servicing, rego, and tyres. No juggling bills.

Any EV, Anywhere: Lease any electric car, from budget-friendly models to premium brands, whether you’re in Perth, Melbourne, or Cairns.

Fast Setup: We handle the paperwork, so you’re on the road sooner.

Flexible Terms: Choose a 1-, 3-, or 5-year lease to suit your lifestyle.

Eco-Friendly Perks: Drive emission-free with EV incentives, like access to charging networks or workplace benefits.

With novated leasing, you get to enjoy cutting-edge EV technology without the financial or admin headaches.