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How you can save by getting an EV on a novated lease

CarExpert

Not only that, but novated lease payments include running costs such as insurance, servicing, fuelling or charging, tyres, and registration. Novated leasing usually reduces your tax obligations, but it’s considered a fringe benefit. Weekly payment (incl. There are a few more things to know about novated leasing.

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What is novated leasing, and how does it work?

CarExpert

This means payments are bundled with running costs such as insurance, servicing, fuelling or charging, tyres, and registration. It also means the costs are part of your salary sacrificed payments, boosting the tax benefit. A single payment at predictable intervals, with no surprise rego or insurance bills.

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How a novated lease could put cash back into your pocket

Drive.com

That’s a novated lease, and it has become a popular choice for many Australians looking to drive their dream car. There are currently around 350,000 novated leases in Australia^. Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately.

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Everything you need to know when choosing a novated lease provider

Drive.com

It can be a flexible tax-effective option that allows you to salary sacrifice a car through your employer, with lease payments deducted from your pre- and post-tax salary, which could reduce your taxable income and potentially save you money on tax.