Understand the three-way agreement between employer, employee and leasing provider. Your employer must support the arrangement and the contract should explain who remains responsible when employment changes.

Explore vehicles

02 / GUIDE

See the full cost

Compare drive-away vehicle price, finance rate, establishment and administration fees, insurance, tyres, charging allowances and the end-of-term residual. A quoted weekly payroll deduction is not the total ownership cost.

Test the costs

03 / GUIDE

Choose your next step

Eligible battery-electric cars may qualify for the FBT exemption, subject to ATO rules. Reportable fringe benefits may still affect income tests, and savings are not guaranteed.

Understand FBT conditions

Before you commit

Four things to check.

A headline payroll deduction does not establish the total cost or guarantee a tax saving. Compare the same vehicle and term.

Calculate a scenario

Employer eligibility

Confirm your employer supports the arrangement and what happens if employment changes.

All finance costs

Ask for the drive-away price, interest and itemised fees.

Residual and early exit

Check the end-of-term obligation and termination conditions.

Current tax rules

Verify current ATO conditions and your circumstances with qualified professionals.

Continue your EV journey.

Next guideEV Novated Lease FBT Exemption: 2026 Rules and 2027 Changes Next guideNovated Lease vs Car Loan for an EV: Total Cost Comparison Next guideNovated Lease Salary Sacrifice: Payslip and Payroll Guide Explore the cost calculator

Official and supporting sources

EVITAL publishes educational information only. No finance provider applications or referrals are offered on this page. EVITAL does not provide lease quotes, arrange credit, recommend financial products or calculate personal tax outcomes. Confirm current legislation, vehicle eligibility and contract terms with relevant professionals and providers.