Why You Should Consider an Electric Car

Electric cars are an excellent choice for Australians looking to reduce their environmental impact. They also have many other benefits, including reduced fuel costs, maintenance and running costs and tax savings on vehicle purchase and servicing.

The government has recently removed the fringe benefits tax (FBT) on eligible electric vehicles purchased through a novated lease electric car. It will make them significantly more affordable for employees compared to petrol vehicles.

Save on fuel

Battery electric vehicles (BEVS) don’t require a fuel card and can be charged up quickly at any commercial charging station. That means you’ll never have to run out of petrol again – and can even drive on a full charge as far as 300km! EV drivers also save on maintenance as they have fewer moving parts than petrol or diesel cars. It means less servicing and a more reliable vehicle.

Novated leases are a great way to decarbonise your transport and save thousands of dollars. Thanks to the Australian Government’s Electric Car (EV) Discount, taking out a novated lease on an eligible electric or hybrid vehicle is now much cheaper than previously!

Save on maintenance

Electric vehicles are cheaper to maintain than petrol or diesel cars. Because they don’t require oil changes, and there are fewer moving parts, the servicing costs are generally lower.

If you want to reduce fuel costs and help the environment, a novated lease electric car is one of the best options. By putting these into one pre-tax payment, you can save money on running expenses like rego, insurance and tyres.

The cost of maintaining your EV is also reduced because you don’t need to change the oil or replace sparkplugs, filters and other emission-reduction devices. It makes a novated lease more affordable than a loan or finance option, including payable interest.

Buying an EV through a novated lease is also an intelligent way to take advantage of the Australian Government’s Electric Car Discount policy which exempts certain eligible EVs from Fringe Benefits Tax. It makes a novated lease the most tax-effective way to purchase an electric vehicle in Australia.

Save on tax

A novated lease electric car is a great way to save on tax and get a new car. The payments are deducted from your pre-tax income, and you’ll also receive GST savings on the vehicle purchase price, servicing, tyres and more!

A novated lease could be your best option if you want to switch to an electric vehicle. As one of Australia’s leading novated lease providers, we can help you navigate the EV market and find the right electric vehicle.

The government has passed a policy to remove one of the highest costs of buying a new EV. The Electric Car Discount, which applies to vehicles purchased and first used on or after 1 July 2022, will exempt electric and plug-in hybrid cars from Fringe Benefits Tax (FBT).

Save on commercial charging stations.

Electric vehicles (EVs) can be a great way to reduce the environmental impact of your business. They also offer significant fuel savings and lower maintenance costs. A novated lease can make the transition to an EV affordable and accessible. Our expert team can help you source and negotiate a new EV, arrange test drives, and manage the paperwork and lease payments.

Commercial charging stations are essential for increasing EV adoption, especially in workplaces and multifamily properties. In addition, installing these stations can support the State of California’s goal of 1.5 million EVs on the road by 2025.

For businesses that want to deploy charging stations, a novated lease can help ensure you have the proper charging infrastructure for your business. It can make it easier to meet code requirements and encourage your employees and customers to adopt a greener transportation solution.

We can help you get a great deal on an electric vehicle, and we have a range of options available, including the latest models from Tesla.