Zero FBT
Zero GST
Zero deposit
Zero excuses
EV Novation specialise in fully managed Novated Leasing, for FBT Exempt EVs. We are here to help EV buyers access the incredible subsidies available to individuals who purchase and run their FBT Exempt EV via a Novated Lease arrangement. The ability to salary sacrifice 100% of the finance and running costs PRE TAX, with $0 FBT liability, plus ongoing GST savings on running costs, will literally save employees thousands of dollars every year.
These savings can only be accessed by businesses, or, individuals who buys and run an eligible EV via a Fully Managed Novated Lease.
Novated Leasing is the cheapest possible way to purchase and run an FBT exempt EV. It's much cheaper than buying one outright. All finance and budgeted running costs are deducted 100% from an employee's pre tax salary. This results in massive tax savings, with $0 FBT. You'll also receive a GST credit (capped at $5,885.55) off the purchase price + you'll receive GST credits on your EV's running costs, all with $0 FBT. The EV FBT Exemption simplifies the whole process and makes it so easy to understand the savings on offer. If you have been dreaming about EV ownership, but waiting for them to become more affordable, now is the perfect time to contact EV Novation and get started.
The Australian Government's 'Electric Car Discount' policy provides an incredible subsidy for people purchasing and running an EV via a Novated Lease. The Electric Car Discount Bill includes several initiatives including EVs with a drive away price of under $84,916 being FBT EXEMPT, when they are purchased by a company, or, purchased by an individual for private use via a Novated Lease arrangement.
Sample figures are based on a 4 year Novated Lease, with a 40% residual and include lease repayments, annual registration, annual comprehensive insurance, servicing (or annual check up), tyres and fuel in the case of a PHEV. GST and income tax subsidy is also factored in using $95k p.a as a sample salary.
Everything you need to know about Novated Leasing an EV
Examples of how various EVs will impact your take home pay, showing how incredibly cheap it is to novate an FBT Exempt EV, compared to any other option.
Discover the massive savings including GST credit off the purchase price, GST credit off running costs and 100% tax deductibility for the lease and running costs with $0 FBT.
Find out which EVs are eligible for the FBT exemption, as per the Government's "Electric Car Discount" policy July 2022.