Are you searching for an electric vehicle (EV)? A Tesla novated lease may provide an affordable option. This car finance form uses your pre-tax salary and take-home pay as repayments to reduce GST and upfront costs, making the payment plan manageable and flexible.
Electric vehicles (EVs) can also be more cost-effective than their traditional counterparts; however, leasing contracts often stipulate mileage limitations restricting how far you drive each year.
Tax savings
Are you considering switching to an electric vehicle but are put off by its high cost? A Tesla novated lease may provide a cost-effective and tax-advantageous way of experiencing its advanced powertrain technology. Working with you, your employer and a financier, this salary packaging arrangement offers significant tax benefits with reduced monthly payments.
Tesla novated lease packages provide drivers with more savings when purchasing and leasing an EV than buying outright, as drivers can upgrade every three years to keep pace with technology trends and save on maintenance costs; electric cars require fewer checks than traditional petrol cars. Furthermore, drivers may benefit from energy savings through home charging stations and battery maintenance programs that keep running costs at bay.
Novated leasing is an effective way of saving on the upfront cost of a Tesla Model Y as payments can be deducted directly from pre-tax income, thus lowering overall tax liabilities and eliminating GST payments, potentially saving thousands off your total package price.
Fringe Benefits Tax (FBT) exemption offers another tax savings opportunity, removing FBT for eligible electric and plug-in hybrid vehicles that fall below the luxury car tax threshold of $84,916 – including Kia Niro EV, Hyundai Kona EV, both versions of Polestar 2 Dual Motor Long Range Electric SUV and so forth.
Easy upgrades
Electric vehicles (EVs), including Tesla models, are extremely upgradable. Tesla releases upgrades every few months or years – giving the feeling that you have just purchased an entirely new vehicle even after owning it for some time. Leasing your Tesla through a novated lease gives you this advantage and saves money from having to dip into savings or take out large loans when upgrading.
Leasing can also help those looking to cut maintenance costs. Electric vehicles typically require fewer repairs than their gas-powered counterparts, leaving more money available for other uses and no fuel expenses.
Before signing on the dotted line, it’s crucial that you carefully evaluate all of the benefits and drawbacks of a Tesla novated lease agreement.
Convenient financing options
Tesla novated leasing is ideal for full-time Australian workers seeking premium vehicles without incurring high upfront costs. Drivers can lease one through salary sacrifice with their employer and save tax money in doing so while at the same time updating every three years to take advantage of new technology trends and maintain lower maintenance costs than conventional cars – and update wirelessly with software features updates!
The Tesla novated lease process is fast and straightforward. Apply online and receive a credit decision within minutes; provide information such as your salary, employment details and driving history – plus choose between several loan amounts before scheduling delivery online! Once approved, schedule your delivery appointment online!
Leasing may be attractive for those seeking to drive an elite electric vehicle, but financing might be better for some individuals. Many are unaware that leasing can often cost more than financing through traditional auto loans due to higher insurance fees for Teslas, which can amount to thousands per year; however, the low monthly payment of a novated lease could reduce these costs for some drivers.
High resale value
Tesla novated leases are an ideal vehicle financing solution for those interested in purchasing an electric car but do not have enough capital for an outright purchase. This form of car leasing uses pre-tax salary payments as repayments to reduce taxable income and eliminate GST costs while providing lower monthly payments and firsthand experience with cutting-edge powertrain technology. Furthermore, electric cars usually require less maintenance and reliability than gasoline-powered cars.