Significant savings on an electric vehicle or plug-in hybrid with a novated lease
If you’re in the market for an electric vehicle (EV) or plug-in hybrid (PHEV), our car experts can help you benefit from the significant saving advantages of a novated lease while you help the planet.
Benefit the environment and your pocket
Save significant money on an EV or PHEV
cheaper cost
Good for environment
Less maintenance
Flare can help you
go green
Our fully digital novated lease process is completely paperless from start-to-finish, making it faster, easier, and better for you and the environment.
Our car experts have an extensive understanding of all cars, including EVs and PHEVs. We help you keep across the latest models, find the right vehicle for your needs, source it, and purchase it.
It’s convenient and hassle-free
The car you want, now
No deposit is required for a novated lease with an EV or PHEV, just a refundable order fee. So you can secure the car you want today.
Save on tax and car running costs
By salary packaging your EV or PHEV with a Flare novated lease, you could enjoy significant tax savings as well as save GST on your car purchase, electricity mileage, servicing, and maintenance.
Easier budget management
Avoid hidden expenses and spread your bills across the year by bundling up your finance and running costs like servicing, maintenance, and rego into convenient monthly payments.
Everything's included
You benefit from before-tax savings on all the running costs of your vehicle, so you have nothing left to worry about. This includes electricity mileage, service and maintenance, rego and CTP (NSW), and insurance.
Enjoy savings only available through a novated lease
With the introduction of no FBT on eligible EVs and PHEVs, you can enjoy significant savings only available through a novated lease.
Resources
Frequently asked questions
What is the legislation and how could I save?
In a move that supports both the environment and the budget of Australians, the federal government has recently introduced legislation that makes electric vehicles (EVs) priced under $89,332 exempt from fringe benefits tax (FBT).
Before this bill was passed, you would have expected to pay 20% of the FBT base value of the vehicle as a post tax deduction from your salary. Now, with this change, the total amount is calculated and deducted before-tax so you, as the employee, is not paying any FBT or income tax on your new eligible EV or PHEV.
How long does it take to charge an EV?
Where can I charge my EV?
Charge at home, work or public locations across Australia. See this charging map for locations. https://www.transport.nsw.gov.
What is covered by an EV through a novated lease?
Electricity mileage, maintenance costs, tyre replacements, rego, CTP (NSW), comprehensive insurance and car washing
What is the range on an EV?
There are electric vehicles available in Australia that can travel over 500km on one charge. If you live in a city, the average daily commute is 35km meaning you’ll be able to get around without needing to recharge. See this range and charging tool for the average range for each EV currently available in the market.
How do I get an EV novated lease?
Speak to Flare today and we can step you through the novated lease process, help you to identify and source the car you want, and purchase it, end-to-end. The process is simple and you’ll be supported along the way by a Flare Car Concierge.
Which vehicles are exempt from paying the FBT?
The vehicle must be at first sale less than the luxury car tax threshold for fuel efficient vehicles which is $89,332 as of the 1st of December 2022. While vehicles are exempt from paying FBT, there will be reportable fringe benefits for employees.
Employees love Flare Benefits
It was a very simple process. I didn’t have to meet anybody, it was all handled remotely, it was just emails and a DocuSign electronic signature on a contract. So very simple. Since I’ve actually taken my car for work, it’s enabling me to get a lot more flexibility.
The whole novated lease process was simpler and more convenient than the traditional car buying experience, and the Flare folks basically held my hand through the whole thing. They got me the car I wanted delivered to my door, and I can use pre-tax dollars to pay for it which reduces my taxable income.
Get in touch
Fill in the form below to learn more about Flare Cars and find out how much you can save.
Terms and conditions
**https://www.uts.edu.au/news/social-justice-sustainability/how-climate-friendly-electric-car
1 Pricing based on the drive-away cost of a Tesla Model Y in NSW.
2 Monthly running costs include fuel, maintenance, insurance and servicing.
3 The residual cost for this model comes to $27,845, based on a balloon payment of 37.5%
The above comparison is indicative and of a general nature only, and we have not taken your personal financial objectives, situation or needs into account. We recommend you consider if you need to seek professional financial advice before making any financial decisions regarding Flare Cars.
All calculations are based on the following assumptions: living in NSW, salary: $95,000 gross p.a., travelling 15,00 kms p.a., finance/lease term: 48 months. Figure quoted include budgets for finance, fuel, servicing, tyres, maintenance, comprehensive insurance, registration and CTP.
Novated lease calculations use net GST processing method and Employee Contribution Method for FBT purposes; the total cost over life reflects the net effect after tax and includes a Flare cars admin fee; Interest rate quoted for both the novated lease and car loan calculations is 9.5% with a $550 inc GST establishment fee. Comprehensive Insurance estimate based on 2.5% of the purchase price of the car. The above comparison is indicative and of a general nature only, and we have not taken your personal financial objectives, situation or needs into account. We recommend you consider if you need to seek professional financial advice before making any financial decisions regarding Flare Cars.