A car loan generally involves direct repayments from personal funds. A novated lease involves an employer, a provider and payroll deductions; an eligible EV may receive specific FBT treatment.

Explore vehicles

02 / GUIDE

See the full cost

Use the same vehicle, drive-away price, kilometres and ownership period. Add every finance payment, fee, insurance cost, electricity allowance and residual or balloon payment.

Test the costs

03 / GUIDE

Choose your next step

Ask how employment changes, early repayment, trade-in and vehicle resale work. The lowest fortnightly deduction is not necessarily the lowest overall cost.

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 guideElectric Car Novated Lease Australia: How It Works Next guideEV Novated Lease FBT Exemption: 2026 Rules and 2027 Changes 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.