With petrol prices at an all-time high in Australia, it’s a great time to get into an electric car. With a novated lease, everything is bundled into one easy payment and deducted from your salary before tax – making it a hassle-free way to save thousands!
Under new laws, EVs and PHEVs under $84,916 are 100% FBT exempt. All cars on this website qualify. For more information about the VehicleSolutions EV novated lease in Adelaide, click here.
Benefits
Generally, novated leases allow employees to save a significant amount of money compared to purchasing a vehicle outright or taking on a car loan. This is because the car, car finance, and running costs are salary packaged and collected from pre-tax wages, reducing taxable income and optimising take-home pay.
A novated lease with an eligible EV is even more attractive thanks to a fringe benefits tax (FBT) exemption on zero-emission and low-emission vehicles. This has helped EVs to become more competitive with petrol and diesel models.
Adding to these savings are other government incentives, like a $3,000 rebate in SA and a 3-year registration exemption for EVs. To see how much you could save, enter your details below for a free personalised quote.
Eligibility
An EV novated lease allows you to salary package your car and running costs through payroll deductions, including electricity, servicing, tyres and insurance. These expenses are all deducted before tax – saving you money on your taxes and GST.
Novated leasing is an excellent option for anyone looking to buy an EV in Adelaide, especially those in the public sector with a competitive benefits package. Whether you’re a doctor, nurse, or healthcare worker, talk to your employer about their novated leasing options to see what’s available. For more information about the VehicleSolutions EV novated lease Adelaide, click here.
As of 2023, all new electric vehicles (EVs) priced below the luxury car tax threshold of $84,916 are FBT exempt – meaning you can easily Salary Package an EV through a Novated Lease without paying FBT on the vehicle purchase price or running costs. This is on top of the SA Government EV subsidies and 3-year registration exemption.
Finance
Getting behind the wheel of an electric vehicle is now more affordable than ever. With the introduction of the Federal Government’s Electric Car Discount, EVs that cost less than the Luxury Car Tax threshold (currently $84,916 or $89,932 from July 1, 2023) is eligible for Fringe Benefits Tax relief, which makes them even more cost-effective to run on a novated lease.
Additionally, EVs are much quieter and can help reduce Australia’s reliance on imported fuel by decreasing the electricity needed to power them. This helps the environment and your bank account.
To ensure you’re claiming the full tax benefits of your novated lease, Vehicle Solutions will add all vehicle running costs to your package, including servicing, registration, and insurance renewals. This allows you to make one monthly payment and saves GST. Your novated leasing consultant will be able to explain this process simply and answer any questions you may have.
Maintenance
EVs save drivers money on fuel, maintenance, and registration costs. They can also generate energy and return it to the grid, reducing electricity bills. This makes a VehicleSolutions EV novated lease package more affordable than a regular car and can help you take advantage of government incentives.
All running costs associated with an EV are included in the novated lease package so that you can claim the maximum tax benefits. This consists of the lease, servicing, tyres, registration, and insurance renewals. You can add or remove any of these running costs at any time. For more information about the VehicleSolutions EV novated lease Adelaide, click here.
EV Novated Lease Adelaide
EVs are becoming more popular in Australia and are even more affordable when salary is packaged through a novated lease. This is thanks to the FBT exemption for EVs and PHEVs under $84,916.