Electric Vehicles & Plug-in Hybrids
Save on a Novated Lease with the Government’s FBT Exemption
Calculate Savings
Hurry - exemption ends 1 April
Looking to upgrade your vehicle? Now is the perfect time to consider a more sustainable option, thanks to the Fringe Benefits Tax (FBT) exemption introduced in 2022 for novated leases on electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) under $89,332.
The FBT exemption applies to popular models like the MG HS, Mitsubishi Eclipse Cross, BYD Sealion 6, and many more. However, don’t wait too long! The exemption for PHEVs will expire on April 1st, 2025.
Eligible PHEVs
Peugeot 408
$357.45 a week
Total savings of $14,310*
Kia Sorento
$293.04 a week
Total savings of $43,316*
Peugeot 3008
$342.38 a week
Total savings of $15,075*
Mazda CX-60
$341.02 a week
Total savings of $13,598*
Mitsubishi Outlander
$213.87 a week
Total savings of $34,447*
BYD Sealion 6
$270.27 a week
Total savings of $13,283*
MG HS Plus
$156.75 a week
Total savings of $25,238*
Mitsubishi Eclipse Cross
$192.07 a week
Total savings of $31,021*
*The above price estimates are as at October 2024. Costs are based on a VIC driver with an annual salary of $110,000 and 10,000km driven annually over a 5 year lease.
Our Benefits
Save thousands in tax every year.
We manage all of your vehicle expenses, so you don’t have to.
Huge EV savings with with Gov Electric Car Discount incentive.
100% Aussie owned and operated.
How does novated leasing work?
Novated leasing involves three parties: your employer, a finance company, and you. It allows you to set up an agreement that takes your car finance payments directly from your employer, so it comes out of your pre-tax salary.
Whether it’s a new or used car, this allows you to bundle your car expenses along with your lease payments. This includes registration and insurance, as well as the cost of fuel, maintenance, tyres and car washing.
SOME OF OUR PARTNERS
