Volvo Novated Lease
Turn your Volvo dreams into reality
Get a great deal on a Volvo
With a heritage renown for safety and reliability, Volvo vehicles and technology prioritise the safety of drivers, passengers and pedestrians equally. Volvo’s sustainability strategy includes plans to have a full electric model lineup by 2030.
Thinking about a Volvo electric vehicle? Your timing couldn’t be better. Thanks to the Federal Government EV Discount, the affordability of eligible electric and plug-in hybrid vehicles is improving for working Australians. Through novated leasing, you could be paying for a car using pre-tax dollars, potentially saving you thousands on tax over the lifetime cost of the car.
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 and plug-in hybrid 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.
Volvo C40 Recharge 2022 Review
Swedish brand adds a sense of style by adding a coupe-like body to its baby electric SUV. Volvo is charging quickly towards a fully electrified future. The Swedish brand confirmed recently it will only sell battery-powered vehicles in Australia from 2026 and started building its range with the XC40 Recharge compact SUV last year.