Electric Vehicles
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An electric car for the same cost per week as a petrol car? Oly could make it happen.
Ordinarily, when you take out a novated lease, some of your payment comes from your pre-tax salary, and the rest is taken after tax.
But when you use a novated lease to get into an eligible electric car under the EV Discount, Oly can take your whole car payment from your pre-tax salary. That could mean more tax savings. Cha-ching!
Electric
2024 Tesla Model Y
$63,992 RRP
.
.
Estimated tax savings
$43,148
Weekly salary impact
$244
Petrol
2024 Mazda CX-5
$40,548 RRP
.
.
Estimated tax savings
$16,861
Weekly salary impact
$244
Both examples based on $90,000 annual salary, yearly travel of 15,000kms, and a 5-year lease term.
2 minute video
Electric vehicle discount
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What’s in it for you?
Savings!
Save on the car
Oly’s gigantic network of car dealers could help you find your dream EV for an amazing price. Not only that but taking advantage of a novated lease means there is no upfront GST cost to you.
Save on running costs
You might already be saving on petrol costs with an electric car, but keeping it on the road can still add up. With a novated lease, electricity for home charging, public charging stations, insurance, rego, servicing and all your other driving costs are included in your one regular payment.
Save on the tax
Use a novated lease to get yourself into an eligible electric car and all your payments come out of your salary before tax. For most people, that could mean paying a heap less tax per year.
EV deals
Content Headline
Oly loves EVs. With a giant network of dealers, and the inside goss on all the latest releases, Oly’s novated leases could put you in an electric car quicker than it takes to charge the battery (and that’s pretty quick…).
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EV deals
Content Headline
Okay, let’s say you earn $80k a year, and you want to get yourself a sweet Tesla 3. With a car loan over five years, that’ll set you back around $105k. But get the same ride with a five-year novated lease and you’ll pay around $63k. That’s an approx. saving of $42k^. Imagine how many drive-thru iced lattes you could buy with that. Use Oly’s electric vehicle calculator to see how much you could save.
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EV myths
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A charge doesn’t get you very far
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
A charge doesn’t get you very far
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
It’s too hard to find somewhere to charge them
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
Charging takes too long
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
They’re not powerful enough
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
Electric vehicles FAQs
Can I buy a charger and package it into my novated lease?
Electric vehicle articles
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