Tesla has taken the world by storm with its line of electric vehicles – but these expensive EVs don’t come cheap.
Novated leasing can be an ideal way to acquire a Tesla. Novated leasing enables you to pay the vehicle’s finance and running costs with pre-tax salary payments, thus lowering taxable income and eliminating debt.
Tax savings
When shopping for an electric vehicle, Tesla novated lease deals provides several advantages over outright purchase: tax savings, reduced monthly payments and the chance to experience cutting-edge powertrain technology first-hand. If that sounds appealing to you, a Tesla novated lease may be just what’s needed!
Novated leasing is an innovative salary packaging option that allows car owners to reduce taxable income and save thousands off the cost of purchasing their next car by combining finance repayments, registration fees and running expenses into one pre-tax monthly payment plan. By doing this, novated leasing may save thousands.
Novated leasing provides another advantage by enabling you to claim 100% business use for your vehicle without needing to maintain a log book – thus qualifying for tax deductions which could often exceed its actual cost!
Due to their growing popularity, electric vehicles may also have higher trade in values compared to their petrol counterparts – which combined with lower operating and maintenance expenses could mean faster returns on your investment.
If you lease an eligible EV through novated leasing, you’ll also take advantage of the federal government’s FBT exemption – available for vehicles below the luxury car tax threshold (currently $84,916 for EVs/PHEVs in 2022/23) – so you could save even more on its total cost!
Considering a Tesla novated lease? Our knowledgeable consultants can guide you through the process and discuss all your options. Simply reach out to us here for a no-committal free quote; then compare its costs against an outright purchase to determine your potential savings and outline additional advantages, like upgrading to new models during or at the end of your agreement term – making our process as stress-free as possible so you can drive home your new Tesla right away!
Lower monthly payments
Tesla novated lease deals through a novated lease can be significantly less expensive than buying one, since payments are taken directly out of your salary before taxes, saving both GST and upfront payments – an impressive financial saving when considering that the average Tesla lease costs around $399 monthly to lease!
Before making a decision whether to buy or lease a car, it’s essential to carefully evaluate all associated costs. For instance, purchasing a Tesla with a personal loan might provide lower monthly payments but will ultimately cost more due to higher interest rates and depreciation. Leasing an electric vehicle through Automotive Lease Packaging’s Novated Lease Package could offer more affordable financing solutions for an electric vehicle.
Leasing a Tesla provides drivers with the option to upgrade every three years to keep up-to-date with technology trends and save on maintenance costs due to lack of gasoline engines and software updates delivered wirelessly over the air. This makes EVs popular options among those wanting the latest features on their vehicle.
Decisions on whether or not to lease or buy should depend on both budget and lifestyle requirements. Novated leasing from Tesla may be an attractive solution for full-time Australian employees looking for a premium driving experience without breaking the bank.
To apply for a Tesla novated lease, visit our online application form or speak to one of our team of experts about flexible financing packages. During the application process you can lift any credit freezes that might have been in place prior to approval; once complete you will receive notification of its approval into your account. Automotive Lease Packaging’s simple online application takes just minutes, with lease approval in as little as 48 hours!
Access to new electric vehicles
Tesla is one of the foremost innovators when it comes to electric vehicle. Established in 2003, they have since pushed back the boundaries of what is possible within this field; their unique battery tech offers unparalleled power and performance. Thus, Tesla novated lease deals is ideal.
Tesla offers a selection of full-electric vehicles, from its award-winning Model S sedan and four-door sedan models, through their highly popular three and four door sedan models to their latest offering – the compact SUV Model Y. Leasing through novated leasing gives you access to these premium vehicles at an affordable monthly cost.
Inside Edge reports that leasing a Tesla could net you annual savings of roughly $9,800 under its Novated Leasing plan – this figure applies to Model Y models only and represents the maximum possible benefit under Electric Vehicle Discount program, which exempts them from Fringe Benefit Tax (FBT).
Your exact savings from an EV lease depend on your individual circumstances; however, our online calculator can give you a general idea of potential tax savings associated with an EV lease agreement. Simply input your salary, interest in leasing an EV and anticipated mileage limit annually into our calculator; our estimate will provide an approximate total annual costs figure.
Our calculator will not only enable you to compare the advantages and disadvantages of Tesla novated lease financing options with other financing solutions, but will also determine whether or not you qualify for an Electric Vehicle Discount program – a government initiative designed to accelerate EV adoption by eliminating financial barriers for new car buyers.
Apply for a Tesla novated lease through our website by providing your employment, salary and driving details. Once reviewed, we’ll contact you with an estimated quote; should your application be approved, your finance company will work directly with Tesla to finalise your leasing contract.
As an authorised Tesla dealer, we provide comprehensive end-to-end solutions for purchasing your new Tesla. This includes finding you a competitive interest rate on loans as well as providing comprehensive warranty and maintenance plans to protect your investment.
Get on the road sooner
If the high upfront costs of an EV have you worried, a Tesla novated lease deals might be an ideal way to finance one. With this form of vehicle finance using pre-tax and take-home pay to fund repayments while eliminating GST costs altogether – you could purchase your dream EV without straining your budget as much.
As well as offering lower monthly payments, Tesla novated leasing also reduces maintenance and repair expenses. Unlike petrol cars which often develop expensive issues over time, electric vehicles use far fewer parts compared to their petrol counterparts – meaning less time at the mechanic and more time on the road!
Another of the great benefits of leasing your Tesla through novated leasing is being able to upgrade sooner. Electric vehicles (EVs) continue to increase in terms of battery performance, powertrain efficiency and driving range; meaning your next Tesla may offer much better performance compared to what you drive now.
Tesla leases offer another advantage that’s hard to ignore: fixed rate financing options make budgeting for vehicle purchases much simpler, especially with shorter lease terms than many loan plans allowing more frequent vehicle changes without trading in or selling your old one.
To apply for a Tesla novated lease, visit your online Tesla Account and select one of the financing offers before filling out an online credit application. Provide your social security number, contact information, and any necessary underwriting details; once approved, your lease agreement should arrive within 24 hours.
