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Before you start your search, here are a few things to consider
Pay $0 in FBT
Thanks to an incentive from the Australian government, if you buy an electric vehicle (or plug-in hybrid) that’s under the luxury car tax threshold of $91,387, you can save thousands more by not having to pay fringe benefits tax (FBT).
Don't pay GST
A novated lease reduces the GST of the car by up to $6,334 (or unlimited GST reduction on utes). So if the car you want is under $69,674 then you’ll get it GST-free with a novated lease. And if it’s over that price, then you’ll still save $6,334 that you wouldn’t have otherwise.
Novate a used car
You can buy a used vehicle using a novated lease and still get almost all of the same benefits as buying a new car. So if you don’t see what you’re after on our website, give us a call and we’ll work with you to find the used car you want.
Novate your existing car
Love your current car but want to access the savings that novated leasing offers? No problem! We can just move your existing car onto a novated lease. Give our team a call and we’ll help you make the transition.
Embrace Efficiency with a Novated Lease Hybrid Car
Hybrid vehicles offer the perfect balance of efficiency and performance, delivering the best of electric and traditional fuel technology. They provide outstanding fuel economy, lower emissions, and a smoother, and often quieter, driving experience compared to standard vehicles. Choosing a novated lease for a new hybrid car through LeaseLab lets you enjoy these benefits while maximising a myriad of cost savings.
At LeaseLab, we make the novated leasing process as easy as possible, so that you can focus on lapping up the superior comfort, advanced technology, and environmental advantages of your new hybrid ride without the headache of traditional vehicle financing.
Save Money and the Environment with a Novated Lease for Your New Hybrid
Opting for a novated lease on your hybrid car is a smart way to maximise significant financial benefits. With a novated lease, your lease payments and running costs such as servicing, insurance, tyres - even fuel - can be bundled and paid from your pre-tax income, effectively reducing your taxable income and increasing your take-home pay. Additionally, novated leases include GST savings on the vehicle purchase price and its running costs, meaning more money in your pocket and less spent on taxes.
One of the key advantages of choosing a hybrid car on a novated lease is the potential for Fringe Benefits Tax (FBT) exemptions. The federal government’s FBT exemptions for electric and low-emission vehicles, including hybrids, allow you to save even more, further reducing the overall cost of owning a hybrid car. By leveraging these financial benefits, you can enjoy the advanced features and eco-friendly performance of a hybrid car while maintaining financial flexibility and control.
LeaseLab is committed to making the novated lease process straightforward and transparent. Whether you’re considering popular hybrid models like the Toyota Prius, Honda Insight, or Hyundai Ioniq, LeaseLab provides tailored solutions to fit your needs. Enjoy the freedom of unrestricted vehicle use, flexible lease terms, and expert assistance every step of the way with LeaseLab. Discover how easy and beneficial it can be to drive a hybrid car with a novated lease from LeaseLab.
Frequently Asked Questions
Is a Novated Lease for a Hybrid Car Beneficial?
Absolutely! Opting for a novated lease for your hybrid car assures regular, predictable payment deductions and the freedom to use your chosen vehicle without restrictions. The financial advantages are significant, as you use pre-tax income to cover lease payments, effectively reducing your taxable income, and resulting in substantial tax savings. Running costs like fuel, servicing, and insurance can also be paid with pre-tax dollars, further boosting your savings. A novated lease offers a more affordable and flexible way to own and drive a hybrid car compared to traditional financing methods.
How does a novated lease for a hybrid car work?
A novated lease for a hybrid car involves a three-way agreement between you, your employer, and your financier, all managed by your novated lease provider - that's us. Your employer deducts the lease payments from your pre-tax salary, covering the car and its running costs. This setup provides a myriad of tax benefits and simplifies the process of owning and maintaining a hybrid car.
Can I choose any hybrid vehicle for a novated lease?
You can choose any make and model of hybrid car to put on a novated lease - new, used, or existing. LeaseLab offers flexibility so you can select a hybrid car that best suits your needs and preferences.
Novated Leasing with Electric Vehicles
Good for the environment, good for your wallet. Discover how you can get a brand new electric vehicle and save 45% on average compared to traditional financing.
Save thousands in tax by driving your dream car
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