Your employer packages the lease
The car, charging, insurance, rego and servicing roll into one payment, agreed between you, your employer and a leasing provider.
Novated leasing · Australia
You're already paying for a new car. It's just parked at the tax office.
A novated lease legally redirects pre-tax salary into your EV.
How novated leasing works
Your salary already covers it.
We just change where it flows.
$Money
▤Tax
⇄Redirected
⚡Electric vehicle
∞Freedom
Payments come out pre-tax
Part of your salary is redirected before income tax is applied — money that would have gone to the tax office now funds the car.
You just drive
One deduction covers everything. Eligible EVs are currently exempt from Fringe Benefits Tax, which is what makes the numbers sing.
The moment
Your salary
becomes your car.
Not after tax. Not out of savings. Straight from gross pay into the driveway.
Why electric
The tax system currently favours electric.
Eligible EVs under the luxury car tax threshold are exempt from Fringe Benefits Tax — the single biggest lever in novated leasing. Combine that with no fuel bills and lower servicing, and the maths shifts dramatically.
- ✓FBT exemption on eligible EVs
- ✓GST savings on the purchase price and running costs
- ✓Charging at home for a fraction of petrol costs
- ✓Fewer moving parts, lower scheduled servicing
Charging vs petrol
~70% cheaper
Illustrative
$0FBT
on eligible EVs under the LCT threshold
0
illustrative annual benefit, market-average example
0/wk
typical home-charging cost, illustrative
0payment
car, charging, rego, insurance and servicing
All figures are market-average illustrations for education only — not advice, not a quote.
The changeover calculator
Already have a car?
See the real changeover.
Most calculators compare a lease with doing nothing. Ours starts from the car you drive today — what it's worth, what it costs — and shows the true difference of switching to an EV on a novated lease.
Run The Changeover Calculator
Changeover snapshot
Illustrative
Your current car2019 petrol SUV
Est. trade-in value$24,500
Weekly running cost now$212
EV novated lease, net$187 /wk
Estimated position
Better off $25 /wk
Your toolkit
Explore the numbers.
Then decide in your own time.
Lease Calculator
Estimate your pre-tax deduction and potential annual benefit from a standing start.
Open calculator →Changeover Calculator
Start from the car you own today and see the true cost of switching to an EV.
Open calculator →Get Matched
Answer a few questions and we'll connect you with one trusted provider — never a ranked list.
Start matching →
Placeholder UI · Illustrative only
Pre-tax deduction
$408 / fortnight
Estimated annual benefit
$4,900
Effective weekly cost
$187 / week
Sample output shown. Figures are static market-average illustrations — the live calculator will personalise them. Nothing here is financial advice.
Get Matched With A ProviderApril 2027 · FBT exemption review
The window is open.
It's not open forever.
The federal government has scheduled the EV FBT exemption for review by April 2027. Leases written under today's settings are the opportunity — the clock below is real.
—Days
:
—Hours
:
—Minutes
:
—Seconds
Policy settings can change at any time. This is general information, not advice on timing a purchase.
Trust & transparency
No rankings. No noise.
Just a straight answer.
We educate first
Everything on this site uses market-average illustrations. You'll understand novated leasing before anyone ever contacts you.
We never rank providers
XOLT Lease doesn't compare, score or rank leasing companies. We refer you to a trusted provider suited to your situation — that's it.
You stay in control
We connect you only when you ask. If you take a lease, the provider pays us a referral fee — it never changes your price.
Ready to see what
your tax could drive?
A two-minute form. One trusted provider. Zero obligation.
Get MatchedContact
Talk to a human.
Not a sales funnel.
Questions about novated leasing, the calculators, or whether an EV stacks up for you? Send a note — we read everything.
hello@xoltlease.com.au
Mon–Fri · 9am–5pm AEST