GAC Novated Lease
Turn your GAC dreams into reality
Get a great deal on a GAC
Since 1997, the GAC Group has led the way for Chinese vehicle innovation, expanding its reach across Asia, Australia, and New Zealand. In 2017 they launched the Aion, a subsidiary dedicated to producing affordable electric vehicles, led by the well-equipped Aion V SUV and sporty UT hatchback.
Thanks to the Federal Government EV Discount and novated leasing, you could be paying for an eligible EV using pre-tax dollars, potentially saving you thousands of dollars on tax.
What is novated leasing?
A novated lease is a three-way agreement between you, your employer, and a finance company that allows you to lease a car. Your employer deducts money from your before-tax and/or after-tax pay to cover vehicle payments and running costs, which could help to reduce your taxable income, and in turn, increase your disposable income.
Take advantage of the EV Discount
Ordinarily, under a novated lease vehicle you are required to pay some Fringe Benefits Tax (FBT). However, with the Federal Government EV Discount, eligible electric vehicles up to the Luxury Car Tax threshold of $91,661 are FBT-free! This means that 100% of payments made towards your lease and running costs using your pre-tax salary are FBT-free.
