Looking for your own EV? Consider novating a lease through your employer and save up to $10k PA on your tax return.
At evee we are always looking for ways to give back to our customers. This is why we’re excited to introduce our collaboration with Vehicle Solutions – a dedicated EV novated lease partner.
A novated lease benefits employers and employees, giving you a fully maintained vehicle while reducing your taxable income. As a result, the cost of leasing a Tesla Model 3 is comparable to that of a Toyota Corolla.
Vehicle Solutions allows you to choose your own insurance provider. Why not offset some of the costs of your EV through rentals? When choosing our insurance you’re covered for private use and rentals alike.
This solution is not just about leasing a vehicle; it’s a holistic approach towards facilitating a smarter, cost-effective way for EV adoption for our valued customers.
All customers will get $200 cashback when leased via evee plus an additional $300 cashback if you list your car on evee and complete your first booking.
Terms and Conditions apply
In simple terms, a Novated Lease is where the car payments and costs of running your new EV (such as tyres, servicing, insurance and registration) are bundled together and deducted from your pay before tax by your employer, hassle-free, saving you time and money in the process. Your employer simply deducts the lease payment from your wage before tax, and you can decarbonise your transport and access thousands of dollars worth of savings!
Whilst Novated Leases are available on used cars, they normally provide the greatest value to drivers looking to get into a new car. And even more if that new car is electric because the Fringe Benefits Tax (FBT) exemption only applies to EVs.
Let’s say your fortnightly gross salary is $3,000. From that $3,000, the ATO deducts $670 in tax (22%), leaving you $2,330 to spend on your living expenses, including the vehicle.
If you finance a vehicle with the usual personal financing, you will be paying this and all running costs from the net $2,330 and still paying the full $670 of Tax.
The new legislation allows you to Salary Package the finance (a novated lease) and running costs before paying any income tax (and doesn’t add any new sneaky ones).
This is where a Novated Lease will package all the purchase, finance, insurance and running costs of your new EV up into one simple payment and be deducted before the above tax is taken out. In this example, you save by not paying 22% tax on vehicle costs, or more if you are on a higher tax rate.
And because these payments are salary packaged, you also don’t pay GST, automatically saving you an additional 10% (GST) on all vehicle costs including charging and service.
Get a free, no-obligation personalised quote.
The calculator only needs a few simple details, and you can get a quick quote immediately. No personal details are required.
Simply complete “request a detailed quote”, and you will get a call back to complete the application and approval that day.
Once pre-approved, you can access a range of brand-new Polestars or Teslas. VS can also help find something else.
Upon signing, enjoy the drive knowing you’re saving CO2 emissions and tax plus having all budgeted expenses covered!
Vehicle Solutions adds all vehicle running costs to the package to enable you to claim the optimum tax benefit, including the GST savings. These include a lease, all scheduled services, tyres, registration and insurance renewals. You can always add or remove any of these running costs from your package at any time.
The car is yours and is 100% your responsibility. At the end of your lease, your options include:
No. That is one of the many benefits of Salary Packaging. You get the benefits of the end-of-year tax savings in every pay rather than waiting. So, at the end of the tax year, your employer will issue your Group Certificate showing your reduced pay and reduced tax. Nothing more for you to do.
Vehicle Solutions Australia has provided completely outsourced Novated Leases to private and Government sectors for over 15 years. This includes most Federal and State Government departments and a long list of small to medium-sized private businesses. They are friendly, transparent and 100% EV-ready.
The simple answer is no.
However, this works in the following manner:
You have several options:
Credit is only available to customers referred to Vehicle Solutions through evee or links on this webpage. During the leasing process, you will be supplied with a single-use discount code that will be applied to your account. The cashback is paid is paid on or around the 15th of every month in arrears. For example, if your notated lease is settled on the 20th of September, the cashback will be paid on the 15th of October. The additional cash back after the completion of your first booking must be requested by sending and email with your banking details to support@evee.com.au.
© evee Australia Pty Ltd 2022 | ABN 40 609 872 031 | Australia
