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The government’s making EVs affordable. Here’s how.
You can use your pre-tax salary to pay for a new EV through a novated lease.
Fully tax exempt, including no GST on running costs. No catch. Just a smarter way to drive electric.
A new Mercedes-Benz EQA 250+ Night Edition for $303 a week.
On a $100k salary, that’s what it works out to under a 5-year novated lease, thanks to the EV tax exemption and bundled running costs. Car drive away cost is $89,784.
| Car loan (per week) | Novated lease (per week) | |
|---|---|---|
| Income | $1,923.08 | $1,923.08 |
| Pre-tax deduction | – | $444.90 |
| Taxable income | $1,923.08 | $1,478.19 |
| Tax + Medicare levy | $439.00 | $297.00 |
| Net income | $1,484.08 | $1,181.19 |
| Post-tax payment | $469.37 | $0.00 |
| Take-home pay | $1,014.69 | $1,181.19 |
| Car out of pocket costs (inc running costs) | $469 | $303 |
Use our calculator to get your own estimate in under a minute.
Takes 60 seconds. No personal information required.
You’re not spending more.You’re spending smarter.
When you salary package an eligible EV, you pay for it before tax, not after.
It’s like making a voluntary super contribution, except instead of going into a fund, it goes into a car you actually get to drive.
That lowers your taxable income, saves you thousands, and covers all your running costs in a singe payment – fuel or charging, insurance, rego, servicing, tyres – without GST.
Typical car loan
- Paid with post-tax income from your bank account
- You cover vehicle expenses separately
- Pay GST on the car purchase price and running costs
- No tax savings outside of business use
Novated Lease
- Paid with pre-tax income through your work’s payroll
- All running costs are bundled into one payment – no further budgeting required
- Save over $6,000 on purchase price and pay no GST on your running costs
- 100% of costs are tax-exempt, regardless of whether you use your car for work or not
It’s not a loophole. It’s good policy.
The government’s EV Fringe Benefits Tax exemption was introduced to make electric vehicles more affordable for everyday Australians.
No matter your income, you’re eligible if you’re a permanent employee (or take a salary if you’re a business owner). The only thing that changes is how much you save, depending on your tax bracket.
By using pre-tax dollars instead of post-tax income, you can pay for your car in a way that’s fairer, simpler, and much more efficient. Think like you would when you claim your costs at tax time, except 100% is deductible and it’s taken out before you pay tax, so you don’t have to claim anything.
Here’s how simple novated leasing really is.
1. You choose your car.
Any make or model. New or used, electric, hybrid or petrol/diesel.
2. We set it up with your employer and finance lenders.
We work with your employer to arrange a payroll deduction for your finance, insurance, rego, servicing and running costs that suit your needs. All sorted.
3. You enjoy the savings and your new car.
Payments come from your pre-tax salary, reducing the tax you pay and you no longer have to worry about managing your car costs through your bank account.
4. At the end of your lease, either keep your car or sell/trade it.
To learn more about what happens at the end of a novated lease, click here.
Speak to our teamTrusted by thousands of Australian workers
I had an outstanding experience with Positive Salary Packaging from start to finish. The entire process of arranging my novated lease was handled professionally, efficiently, and with excellent communication every step of the way. What initially seemed like a complicated process was made simple and stress-free thanks to their expertise and willingness to answer all of my questions.
The team was knowledgeable, transparent, and genuinely focused on finding the best solution for my needs. Their customer service was exceptional, and I always felt informed and supported throughout the journey.
I highly recommend Positive Salary Packaging to anyone considering a novated lease or salary packaging. Thank you for making the experience so seamless and enjoyable.
A special thank you to Thomas Warby for your outstanding professionalism, dedication, and support. Your hard work and commitment made all the difference, and I truly appreciate everything you did to help me secure my novated lease and my new car.
Great service. Very patient and thorough in answering all my questions and providing many variations on quotes so I could weigh up all the options in length of lease and and different EVs.
Had a great experience setting up a novated lease with Luke. He was very informative
, incredibly patient and understanding of my current situation and helped set up a novated lease that would best benefit me.
I had a fantastic experience with Luke and the team at Positive Salary while organising my first novated lease for a new car.
Luke was incredibly easy to talk to and always took the time to answer my questions, making what could have been a confusing process feel straightforward and stress-free. What really stood out was the teamwork—every member of the team was familiar with my file, so if Luke was unavailable, someone else could step in immediately and help without me having to explain everything again.
Luke was proactive throughout the entire process, regularly following up, liaising directly with the dealership to clarify any confusion, and keeping everything moving. He was also happy to provide multiple quotes, worked hard to match competitor pricing, and was always available whenever I needed advice or reassurance.
I couldn’t have asked for better service for my first novated lease. I highly recommend Luke and the Positive Salary team to anyone looking for knowledgeable, responsive, and genuinely customer-focused service.
Tiarne was absolutely amazing in helping me organise my new vehicle through a novated lease with PSP. She was incredibly approachable, patient, and always happy to answer all of my questions—no matter how small or repetitive they were. Her enthusiasm and professionalism made the entire process smooth and stress-free.
I highly recommend Tiarne to anyone considering a new vehicle through novated leasing. If you’re planning to lease a car through PSP, give them a call and ask for Tiarne. She’ll make the whole journey enjoyable and help you secure your new car with confidence. Thank you again, Tiarne!