Electric vehicles
The electric vehicle novated lease, FBT exempt
An electric vehicle novated lease is the strongest deal in salary packaging: eligible EVs are exempt from fringe benefits tax, so you pay for the car and its running costs straight from your pre-tax salary. That exemption is the single biggest saving in novated leasing.
How the EV exemption works
A novated lease bundles your car, its running costs and finance into one payment taken from your salary. For an eligible EV, that payment comes out before tax, and there is no fringe benefits tax to offset it. That is what makes electric so effective.
What is included
- The car itself, financed at a rate we show plainly
- Electricity or charging costs
- Registration and CTP
- Comprehensive insurance
- Servicing, tyres and roadside
Everything above is packaged into one pre-tax figure, so your take-home pay does the work.
Which EVs are eligible
To be FBT exempt, an electric car needs a drive-away price at or under the luxury car tax threshold for fuel-efficient vehicles, which is $91,661 for 2026-27. That covers the large majority of EVs Australians actually buy, from small hatches to mid-size SUVs.
Put your car into the calculator and it will tell you instantly whether it sits under the threshold.
Where we are different
Most providers bury their commission inside your interest rate, so you never see what the finance really costs. We charge one flat $1,500 fee and show you the true effective rate. On a big-ticket EV, that transparency is worth real money.
Popular electric cars to novate
Every car here is battery-electric, so under the $91,661 threshold it is FBT exempt on a novated lease. Open one for the detail, then build your quote.