Goodbye FBT, hello before-tax payments and potentially lower running costs.
If you’re looking to join the thousands of Australians who have switched from petrol to electric, your timing couldn’t be better. That’s because the Australian Government’s Electric Car Discount includes FBT exemptions on eligible battery electric or plug-in hybrid electric vehicles through novated leasing – potentially saving you thousands.
As one of Australia’s largest novated lease providers, we’re ready to help get you into an EV of your choice. We are working closely with key suppliers to help you make a confident choice – for yourself and the environment.
Get Behind the Wheel of an FBT-Exempt Electric Vehicle
Because of the FBT exemptions tied up with the Electric Car (EV) Discount, you could enjoy 100% pre-tax payments on eligible EVs retailing up to the Luxury Car Tax threshold of $91,387*.
This could mean making similar payments on an EV that you would on an equivalent petrol car – despite the EV potentially retailing for considerably more!
How Much Could You Save on an EV Novated Lease?
Electric Vehicles are currently more expensive than their petrol counterparts. However, with the Federal Government Electric Car (EV) Discount and novated leasing, you could pay around the same amount for a new electric car as an equivalent petrol car – potentially saving you thousands of dollars.
In this example, the Tesla 3’s driveaway price is over $20,000 more than the Mazda CX-5, yet the cost per week is comparable.