Pay for your vehicle from your pre-tax salary
Eligible electric vehicles may be exempt from Fringe Benefits Tax (FBT) under current government legislation.
When combined with salary packaging, this can significantly improve the overall cost of an EV compared to buying privately.
Savings depend on income level, vehicle type and eligibility.
Want more detail?
Reduce your taxable income by making vehicle payments before tax is applied.
Under current legislation, eligible electric vehicles may be exempt from Fringe Benefits Tax (FBT), which can significantly improve take-home pay impact.
Fuel, registration, insurance and servicing can be included in one structured payment.
You can novate most passenger cars, SUVs and light commercial vehicles with a payload of less than 1,000 kilograms, provided they are used for both private and work purposes and meet the ATO’s definition of a passenger vehicle.
If you leave your job or your employment is terminated, you remain responsible for vehicle payments. The lease will be de-novated, removing running costs from the agreement and converting it to a finance agreement.
Alternatively, you can transfer your novated lease to your new employer, provided they agree to take it on (subject to terms & conditions). If the new employer doesn’t accept the lease, you can continue making payments directly from your after-tax salary and manage running expenses yourself.
Our specialists guide you through the process from quote to delivery. Once established, payments are managed through payroll.
For more detailed information, download our Novated Leasing Guide [934KB, PDF]
Submit an enquiry to our novated sales team!
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