Proposed FBT changes make EV’s very affordable.

Get into a new Tesla Model Y from $219/week* including finance, servicing, charging, registration, insurance and tyres.

With the proposed FBT changes to EV’s under $84,916, we arrange to take 100% of the finance & vehicle running costs from your pre-tax salary. This means you pay no tax and GST on these costs leaving more in your pocket.
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THE FEDERAL GOVERNMENT HAS NOT PASSED ANY AMENDMENT TO THE TAX ACT MAKING EV’S FBT EXEMPT.

Novated Leasing your EV will be the answer!

Proposed changes to the Tax Act will make EV vehicles the fall under the $84,916 luxury vehicle limit 100% FBT exempt. This meean you pay no tax on the cost of running your EV including the Lease, change, insurance, registration, tyres and servicing.

At Vehicle Solutions Australia we make your car more affordable and take care of all of the reporting and receipt keeping in one easy tax effective payment.

NOVATED LEASING IS SIMPLE!

Normally you pay for the finance and running costs from your after tax take home pay. Then claim your business use expenses at the end of the year.

With Novated leasing we arrange with your employer to take the finance & vehicle running costs from your pre-tax salary. This means you pay less tax and GST leaving more in your pocket.

Under these proposed FBT changes employees should be able to benefit from tax-free salary packaging 100% of the lease and running costs. With no impact on other salary packaging arrangements. For example, if the annual lease and running costs are $20,000 and the employee earns between $110,000 per year, their tax savings could be nearly $8,100 every year or $40,500 over a 5 year lease.

To see how much you will save use our online calculator to get an accurate quote in seconds. We are one of the only leasing providers to offer a no obligation quote system that does not require any personal details, so you can quote as many times as you like, however we are always here to help on 1300 990 880 when you need us.

Use our calculator above to see just how affordable your EV purchase could be!

Disclaimer

THE FEDERAL GOVERNMENT HAS NOT PASSED ANY AMENDMENT TO THE TAX ACT MAKING EV’S FBT EXEMPT.

*Figures are based on a Tesla Model Y SR for $77,000 on a salary of $110,000 over a 5 year lease including allocations for tyres, registration and insurance renewals, servicing a charge costs. This does not take into account your personal financial circumstances.

Whilst all efforts have been made to provide the most accurate results possible, these figures are based on the information you have provided and should only be used as an example. The example includes scheduled servicing, tyres, registration, lease payments, fuel and Comprehensive insurance. Prior to signing any documents you will be provided with a copy of all the paperwork including this estimate, finance terms and conditions and a copy of the insurance Product Disclosure Statement and the company’s Financial Services Guide. Prior to this you can view or download a copy of our FSG and insurance PDS files in our “FORM’s” section on this website to assist you in making an informed decision.

Questions

If you have any questions or concerns regarding this example please complete the enquiry form on our contact page or phone 1300 990 880. A member of our Salary Packaging team will be back with answers with 2 working hours.