Significant savings on an electric vehicle
Calculate your savings now
Save on average $10,000 on an electric vehicle
Save on average $6,000 on an internal combustion engine vehicle and $10,000 on an eligible electric vehicle.
The car you want, now
No deposit is required for a novated lease with an electric vehicle (EV) or a plug-in hybrid electric vehicle (PHEV), just a refundable order fee.
Save on tax and car running costs
Enjoy significant tax savings and save GST on your car purchase, electricity mileage, servicing and maintenance.
Budget management
Bundle up your servicing, maintenance and rego costs into monthly payments to avoid hidden expenses.
Everything's included
Electricity mileage, service and maintenance, rego, CTP (NSW), and insurance are all included in your before-tax savings.
Are you ready to get started with your novated lease?
Explore our latest deals to find the perfect vehicle for you.
How to get a novated lease in 4 steps
Step 1
Get an obligation-free consultation so we can estimate an initial quote on the car you want. Our dedicated team can organise test drives for you too.
Step 2
If you are happy to proceed, we will get credit approved. We'll take you through the digital application process and check your finance serviceability.
Step 3
Through our exclusive partnership with BYD, we'll help you source your choice of BYD vehicle for you. We can negotiate drive-away price for you, and work with your employer to organise your lease deductions from your pay.
Step 4
Congratulations, you've got your new car and a Flare maintenance Card. For expenses where your Flare card can't be used, you can easily submit a claim for reimbursement via our driver portal.
Got questions?
We’ve got answers
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?
It depends on a number of factors like battery size and the charger used. See this range and charging tool for the average charging time for each EV currently available in the market.
Where can I charge my EV?
Charge at home, work or public locations across Australia. See this charging map for locations.
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.
Terms and conditions
*Displayed price only available through a Flare Cars Novated Lease. Weekly costs are estimates only based on the following assumptions: 1) Gross Annual Salary of 85,000, 2) 60-month lease term, 3)a residual value of 28.13% of the vehicle purchase price payable at the end of term, 4) Weekly salary payments, 5) lease quotes include like for like running costs for Fuel, Maintenance, Tyres, Registration & CTP and an estimated cost for comprehensive insurance at 2.5% of the vehicle, 6) Vehicle purchased in NSW, 7) 15,000km per annum, 7 ) prices quoted are based on real Flare Car customer orders placed through Macquarie Vehicle Select in the previous 90 days. 8 ) Salary Sacrifice using Employee Contribution Method (ECM). 9) The novated lease offer is based on the assumption outlined above. It is an indicative cost approximation of the selected vehicle and model shown, and the amounts may change at the time the novated lease quotation is completed and finalised. Vehicle discounts & availability is subject to manufacturer production delivery timelines and current stock levels. 10 ) Total Flare Discount Figure is a combination of vehicle discount and GST savings on the purchase price.^The savings shown are indicative and reflect a total of income tax savings, GST savings on vehicle running costs and GST savings on the purchase price of the vehicle over the full lease term. We assume your employer is able to claim 100% GST Input Tax Credits, due to their Input Tax status. The total amount saved compares a novated lease based on the assumption outlined above and the purchase of a vehicle and payment of running and maintenance costs using post-tax earnings. Actual savings will depend on your personal circumstances.The maximum age of the vehicle is 15 years old from the build date at the end of the lease. A motor vehicle qualifies (except a motorcycle or similar vehicle) is designed to carry a load less than one tonne (<1,000Kgs) and fewer than nine passengers for FBT purposes. Promotional period is valid until 30/04/2024.