There’s never been a better time to get into an electric vehicle, and there’s never been a better way than through a novated lease with Maxxia.
With the Australian Government’s Electric Car (EV) Discount, taking out a novated lease on an EV just got a whole lot cheaper. So, if you were thinking about making the switch to an eligible electric or plug-in hybrid vehicle, your time is impeccable.
As Australia’s largest novated lease provider, we’re ready to help get you into an electric or plug-in hybrid car of your choice. We’ve geared up our systems and are working closely with key suppliers to help you make a confident choice – for yourself and the environment.
The New EV Discount: A Recap
Novated leases are required by law to have a certain amount of Fringe Benefits Tax be paid – it’s why pre- and post-tax payments are needed. With the Electric Car Discount however, a novated lease on an eligible EV is FBT exempt, meaning you don’t pay any post-tax contributions – for EVs retailing up to the Luxury Car Tax threshold of $89,332.
How Much Could You Save?
We’ve compared the potential savings you could get under existing novated lease policy with what you could enjoy under the EV Discount.
Let’s say you earn $80,000, and you’ve decided an MG ZS Essence is for you, driving it 20,000 kilometres a year over a five-year lease.
Your estimated net benefit under the EV Discount is $26,972*.
Your estimated net benefit under the existing novated lease legislation is $10,597*.
That’s a potential saving of $16,375*!