Tesla Model 3 Novated Lease

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Experience the Tesla Model 3 with a Novated Lease

The Tesla Model 3 is said to have revolutionised the electric vehicle market with its unmatched blend of performance, technology, and design. It’s an eco-friendly powerhouse that doesn’t compromise on luxury or functionality, making it an ideal choice for both daily commutes and weekends away. Leasing a Tesla 3 with a novated lease through LeaseLab is your gateway to experiencing this remarkable vehicle for yourself.

Why Secure Your Tesla Model 3 with a Novated Lease with LeaseLab?

Choosing a novated lease for a Tesla Model 3 through LeaseLab brings numerous financial perks. Unlike traditional financing options where you make your car payments from your banked salary, your Tesla 3 novated lease payments are instead deducted from your pre-tax salary by your employer, effectively lowering your taxable income and saving you money. This payment structure can make owning a Tesla Model 3 more economical from the outset, and throughout the novated lease period. 

A novated lease for the Tesla Model 3 also includes GST savings on the vehicle purchase price and running costs such as registration, insurance, maintenance, and charging. These savings can considerably reduce the total cost of owning and operating a Tesla Model 3. Better yet, the Tesla Model 3 is eligible for the federal government’s fringe benefits tax (FBT) exemption for electric and low-emission vehicles under the luxury car tax threshold, supersizing your savings even further.

Use your Pre-Tax Salary for a Tesla Model 3 Novated Lease

LeaseLab simplifies the leasing process, managing all aspects of the novated lease for your Tesla 3. From helping you choose the right plan and your initial quote through to the ongoing lease management and end-of-lease procedures; we have you covered with our easy to understand and hassle-free service.

Get the Best Deal on a Tesla 3 With a Novated Lease From LeaseLab

A novated lease for your Tesla Model 3 can work out to be a huge amount cheaper than other finance options available. Discover how much you could save using our Tesla Model 3 novated lease calculator. Experience the luxury of Tesla 3 ownership while enjoying the tax benefits of a novated lease from LeaseLab.

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FAQs

What are the eligibility criteria for the novated lease FBT exemption?

To qualify for the fringe benefits tax (FBT) exemption on a novated lease for a Tesla Model 3, several criteria must be met:

  • The vehicle must be a battery electric vehicle, plug-in hybrid electric vehicle, or hydrogen fuel cell electric vehicle.

  • It should be a passenger vehicle designed to carry a load of less than one tonne and fewer than nine passengers.

  • The vehicle must be first held and used after 1 July 2022, meaning it was available for use for the first time after this date.

  • The vehicle’s value should be below the luxury car tax (LCT) threshold, which is $89,332 for the financial year 2023/24.

Is a novated lease on a Tesla 3 worth it?

Absolutely! A novated lease on a Tesla 3 offers so many financial advantages and benefits. By using pre-tax dollars to make your lease payments, you effectively lower your taxable income, resulting in substantial tax savings. You'll benefit from GST savings on the vehicle purchase price and running costs like insurance, tyres, maintenance, and charging. And, the Tesla Model 3’s eligibility for the federal government’s fringe benefits tax (FBT) exemption for electric vehicles under the luxury car tax threshold enhances these savings even further. You’ll enjoy all the benefits of owning and driving a Tesla 3, while spending so much less than traditional finance options.

Is there a minimum salary for a novated lease?

There isn't a fixed minimum salary requirement for a novated lease on a Tesla Model 3; instead, approval depends on your overall financial situation and 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 Model 3 novated lease.

The benefits of novating

Reduce your tax bill using pre-tax income

Fleet pricing on a range of cars

Include running costs in one easy payment

No bill shock with smooth payments

Avoid GST on the vehicle and running costs

Flexible plans and end of lease options