Welcome to everything Tesla Novated Lease

All Tesla models listed below can be salary packaged 100% tax-free through a novated lease. Click on any model to explore details and relevant links. The list will be updated as new models become available.

Below the calculator, you’ll find essential information about owning and leasing a Tesla to guide your decision-making.

For more insights, connect with one of our Novated team members who owns a Tesla and can share firsthand experience to guide you.

What’s Tesla Ownership Like?

The Tesla ownership experience is often described as unique and different from traditional car ownership. Here are some aspects that Tesla owners frequently highlight:

  • Electric Performance: Quick acceleration and smooth driving.
  • Range & Charging: Long range with fast Supercharger and home charging options.
  • Autopilot & Full Self-Driving: Advanced driving features with full autonomy in development.
  • Over-the-Air Updates: Regular software updates for new features and fixes.
  • User-Friendly Technology: Large touchscreen with easy navigation and entertainment.
  • Service & Support: Service centres and mobile repairs in some areas.
  • Community and Enthusiast Culture: Active community with events and online groups.

Please note that experiences may vary based on personal preferences, location, and the specific Tesla model. However, these factors typically shape the unique and exciting ownership experience that Tesla vehicles are known for.

Tesla Model 3

The Tesla Model 3 is the entry-level sedan sold by Tesla in Australia and is the most affordable model in Tesla’s lineup, starting from $64,201. Here are some key features of the Model 3:

  • Electric Motor: Fully electric, powered by a motor and battery pack.
  • Range: Available in Standard Range Plus, Long Range, and Performance models, with ranges from 423 to 568 km.
  • Performance: Accelerates from 0 to 100 km/h in under 4 seconds in high-performance variants.
  • Autopilot & FSD: Includes adaptive cruise control, lane centring, and optional Full Self-Driving.
  • Interior: Minimalist design with a large touchscreen controlling all functions.
  • Safety: 5-star ANCAP rating with advanced safety systems.
  • Charging: Supports home charging and access to Tesla’s global Supercharger network.

Please refer to the Australian Tesla website for more updated and detailed information on this Model.

We hope you have found our Novated Lease Calculator and information on each aspect of the calculator helpful.

However, if you have any questions regarding the numbers or want to discuss the process, please call us during office hours at 1300 990 880 or click the button below to send us an enquiry form.

Frequently Asked Question

There’s no fixed minimum salary for a novated lease on a Tesla Model 3; approval depends on your financial situation, including income, expenses, and dependents. Consult with Vehicle Solutions to assess your options and eligibility.

A novated lease can be cheaper than traditional car loans due to pre-tax salary deductions and tax benefits. However, the overall savings depend on your income bracket, lease term, interest rates, and vehicle model.

Absolutely! A novated lease on a Tesla 3 offers so many financial advantages and benefits. Using pre-tax dollars to make lease payments effectively lowers your taxable income, resulting in substantial tax savings. You’ll benefit from GST savings on the vehicle purchase price and running costs like insurance, tyres, maintenance, and charging. The Tesla Model 3’s eligibility for the federal government’s fringe benefits tax (FBT) exemption for electric vehicles under the luxury car tax threshold enhances these savings even further. You’ll enjoy all the benefits of owning and driving a Tesla 3 while spending much less than traditional finance options.

Exiting a novated lease early may incur fees or penalties, depending on the lease agreement. It’s essential to review the terms and conditions of the lease to understand any early termination costs.

Yes, since a novated lease involves a salary sacrifice arrangement, you’ll need approval from your employer. Employers often prefer leasing providers, so it’s recommended that you discuss options with your HR or payroll department.