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.
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.
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.
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.
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.
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.
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.
Electricity mileage, maintenance costs, tyre replacements, rego, CTP (NSW), comprehensive insurance and car washing
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.
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.
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.
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