Absolutely! There’s actually no better way to get an EV than with a novated lease. Eligible electric cars under the government’s EV Discount don’t attract fringe benefits tax, so your entire novated lease payment can be taken from your salary before tax (which could mean you pay less tax!).
Not only that, when you use a novated lease to get an EV, there’s no upfront GST cost to you.
Plus, you get all the other benefits from taking out a novated lease, like having all your car-related expenses bundled into one regular payment.
Oly has the answer to most common questions: check out the full FAQs list
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Oly may receive commissions in connection with its services.