1300 480 096
Driver Login
Get in touch
2496086

Offer employees significant savings on electric vehicles and plug-in hybrids with a novated lease

Offer employees significant savings on electric vehicles and plug-in hybrids with a novated lease

Electric vehicle (EV) and plug-in hybrid (PHEV) adoption in Australia is set to explode. With the introduction of no Fringe Benefit Tax (FBT) for eligible vehicles only through a novated lease, these cars will be in high demand with your employees.

ENQUIRE NOW

Benefit the environment
and your business

Meet the demand for EVs

40% of Aussies say they’d buy an EV if subsidies assisted the initial purchase price*. With the introduction of no FBT on eligible EVs and PHEVs only through a novated lease, employees will be seeking employers who proactively offer this benefit.

Give employees’
salaries a boost, at no cost

With no FBT on eligible EVs and PHEVs, you could save your employees on average $9k per year at no cost to your business. This is almost double the savings** compared to a novated lease with an internal combustion engine vehicle.

Strengthen your Employer
Value Proposition (EVP)

With more than 7 out of 10 employees^ being interested in accessing salary packaging, novated leasing is a powerful tool to drive financial wellbeing and enhance your EVP. 

Simplify your balance
sheet with no FBT

With no FBT to pay on eligible EVs and PHEVs there is no FBT offset or reporting required, simplifying your balance sheet.  

Minimise payroll tax

If your business qualifies for payroll tax, the more eligible EVs and PHEVs your employees take up through a novated lease arrangement, the more you could save by reducing their taxable income.

Take leadership
on sustainability

You’ll be leading the transition to EVs, and demonstrating innovation and a commitment to sustainability.

Flare can help your business go green

A paperless,
digital process

Our fully digital novated lease process is completely paperless from start-to-finish, making it faster, easier, and better for you and the environment.

Experts in
Electric Vehicles

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.

Car salary packaging is
low-touch and hassle-free

Set up your business in ten minutes

If you have never had a novated lease before, we’ll help you understand it, get set up, and promote it within your business. We make it simple and easy. The whole set up process will take you less than 10 minutes with Flare.

No admin burden

Flare’s dedicated team will manage the lease from start to finish directly with your employee, and provide any support they need along the way.

No liability for lease payments

The responsibility for the lease sits with the employee. If they leave the business, they take the lease with them.

No cost to your business

There are no start-up costs or ongoing fees. All the expenses for car salary packaging are deducted from your participating employees’ salaries.

Car salary packaging is low-touch and hassle-free

Set up your business in ten minutes

If you have never had a novated lease before, we’ll help you understand it, get set up, and promote it within your business. We make it simple and easy. The whole set up process will take you less than 10 minutes with Flare.

No admin burden

Flare’s dedicated team will manage the lease from start to finish directly with your employee, and provide any support they need along the way.

No liability for lease payments

The responsibility for the lease sits with the employee. If they leave the business, they take the lease with them.

No cost to your business

There are no start-up costs or ongoing fees. All the expenses for car salary packaging are deducted from your participating employees’ salaries.

Offer savings only available
through a novated lease

With the introduction of no FBT on eligible EVs and PHEVs, your employees can enjoy significant savings only available through a novated lease.

Resources

nocost

What is a novated lease and how does it work?

Close up of a woman with glasses working on computer.

Your guide to the FBT exemption

Hands of unrecognisable businesswoman typing on her laptop.

How to create a sustainability program

Frequently asked questions

Edit Content

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 $84,916 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.

Edit Content

On average, Flare leaseholders have saved a total of $20,000 on their vehicle purchase price, running costs and tax over the course of ownership.

Edit Content

The vehicle must be at first sale less than the luxury car tax threshold for fuel efficient vehicles which is $84,916 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

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://electricvehiclecouncil.com.au/news/australians-ready-to-embrace-electric-cars-and-want-their-pollies-to-back-the-switch-poll/
**Flare comparison data between ICE Mazda CX5 vs. EV Tesla Model 3 on 50 month lease term, 15,000kms pa
^Flare and EY Australia Pay in the New Economy
1 The residual cost for this model comes to $27,845, based on a balloon payment of 37.5%
2 Pricing based on the drive-away cost of a Tesla Model Y in NSW.
3 Monthly running costs include fuel, maintenance, insurance and servicing.
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.

1 The residual cost for this model comes to $27,845, based on a balloon payment of 37.5%

2 Pricing based on the drive-away cost of a Tesla Model Y in NSW.

3 Monthly running costs include fuel, maintenance, insurance and servicing.

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 rax and includes a Flare cars admin fee; Interest rate quoted for novated lease is 5.78% p.a. vs 7.49% p.a. for a car loan. Cash cost per month based on capital cost of the car divided by 48 months and does not factor in loss of interest. Comprehensive Insurance estimate based on 2.5% of the purchase price of the car.

Benefit the environment
and your business

Pay no tax on your EV
or plug-in hybrid

With no FBT on eligible EVs and plug-in hybrids*, you could save on average $9k per year, almost double the savings compared to a novated lease with an internal combustion engine.

Cheaper running
costs

EVs can help you save over the long term with the cost of an electric charge almost always cheaper than refuelling a car with petrol.

Good for
the environment

EVs have a lower carbon footprint. A study found electric vehicles emit, on average, 29-41% less emissions than a typical fossil-fuelled car for every kilometre driven.

Less
maintenance

EVs are reliable and easier to maintain. The simplicity of the electric motor means that there is no oil to change, fewer parts that can wear down over time, and no engine to manage.

Enjoy savings and convenience
with a Flare novated lease

The car you want, now

No deposit is required for a novated lease, so you can secure the EV you want today. We’ll also speed up the process by helping you source your new car.

Save on tax and car running costs

By salary packaging your EV with a Flare novated lease, you could enjoy significant tax savings as well as no GST on your car purchase, electricity mileage, servicing and maintenance.

Get the best pricing

You benefit from Flare’s buying power. Our team of car experts do the hard work to negotiate on your behalf and secure the best deals in our fleet network on EVs.

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 one convenient monthly payment.

flare employee ev (6)

What is a novated lease and how does it work?

flare employee ev (1)

Your guide to buying an EV

flare employee ev (3)

Top 10 electric vehicles and plug-in hybrids

Flare can help you go green

A paperless, digital process

Our fully digital novated lease process is completely paperless from start-to-finish, making it faster, easier, and better for you and the environment.

Experts in Electric Vehicles

Our car experts have an extensive understanding of all cars, including electric vehicles and plug-in hybrids. We help you keep across the latest models, find the right vehicle for your needs, source it, and purchase it, end-to-end.