NOVATED LEASE & EV OWNERSHIP
Novated Lease Hidden Costs, Fees and Residual Value
An attractive weekly payment can conceal a significant residual, administration charges and other contractual obligations.
Reviewed 26 October 2026 · General information only · No finance applications, referrals or personalised tax advice
EV lifestyle
More confidence in the decision. More freedom on the road.
Australian travel photography · Unsplash License
01 / Choose your EV
Research the exact Australian model and variant before comparing costs.
Continue research02 / Explore the numbers
Adjust the lease term, residual, charging and operating costs.
Continue research03 / Check eligibility
Understand the rules and questions to take to your employer or provider.
Continue researchPractical guidance
The decisions behind the drive.
01 / GUIDE
Understand the arrangement
Request an itemised breakdown of finance charges, establishment and management fees, insurance, registration, tyres, servicing and charging allowances.
Explore vehicles02 / GUIDE
See the full cost
Add the residual to all scheduled payments when comparing options. Ask whether you can pay it out, sell the car or refinance and what happens if the car is worth less than the residual.
Test the costs03 / GUIDE
Choose your next step
Check early termination and employment-change obligations. A running-cost allowance is an estimate and does not establish an actual saving.
Understand FBT conditionsBefore 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 scenario01
Employer eligibility
Confirm your employer supports the arrangement and what happens if employment changes.
02
All finance costs
Ask for the drive-away price, interest and itemised fees.
03
Residual and early exit
Check the end-of-term obligation and termination conditions.
04
Current tax rules
Verify current ATO conditions and your circumstances with qualified professionals.
Continue your EV journey.
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.