A Tesla novated lease delivers significant savings thanks to income-reducing pre-tax salary deductions, GST savings, and potential fringe benefits tax (FBT) exemptions. Your overall running costs can also be much lower than traditional financing options. You can determine how much you might save with our handy Tesla novated lease calculator.

There isn't a fixed minimum salary requirement for a Tesla novated lease in Australia. Approval depends on your individual financial situation and your capacity as a borrower. Factors such as your income, living expenses, and any financial dependents are considered to determine your ability to make regular lease payments over the term. It’s important to consult with Leaselab to evaluate your specific situation and explore your options for a Tesla novated lease.

Typically, the approval process takes about a week or two, assuming you've got your documents ready and your employer is set up for novated leasing. How long it takes to pick your vehicle also plays a part, so the sooner you settle on your dream car, the faster everything else can fall into place.