Geely Novated Lease
Turn your Geely dreams into reality
Get a great deal on a Geely
China-based Geely is a relatively recent entrant to the Australian market. They’ve already won fans with an ethos that’s all about positive environmental impact, safety and smooth handling. A manufacturer whose reputation is sure to grow as they release more vehicles.
Thinking about an Geely electric vehicle? Your timing couldn’t be better. Thanks to the Federal Government EV Discount, EVs are now more affordable for working Aussies. Through novated leasing, you could be paying for a car using 100% pre-tax dollars, potentially saving you thousands in tax.
Don’t wait too long though: this discount is set to end in 2027.
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 $91,387 are FBT-free! This means that 100% of payments made towards your lease and running costs using your pre-tax salary are FBT-free.
