electric vehicle novated lease

Ah, the noble quest to marry electric vehicles with the seductive tax benefits of a novated lease—Australia's corporate car fantasy. A novated lease lets you salary-sacrifice an EV, potentially saving you on income tax and making the shiny silent transporter more affordable. Electric vehicles typically have lower running costs and fewer maintenance needs, which can make lease payments more predictable. Keep in mind: Your employer must agree, and the lease terms often run 2-5 years with residual values affecting your final bill.

New EVs in Australia can range from about $45,000 to $120,000 AUD, depending on the beast you choose, while used models—found on sites like Tradingpost or CarShowroom—might start closer to $25,000. The financial wizardry behind novated leases can be complex, so do consult a financial advisor and your employer’s HR department. ServiceCentral can also help with servicing and maintenance scheduling.