Revolutionize your commute with the Tesla Novated Lease, merging electric mobility with tax-effective financing. Drive forward, reducing emissions while enjoying the perks of fixed costs and cutting-edge technology.
Every car needs fuel/charge, tyres, maintenance, registration, insurance, and in most cases, some form of finance. A novated lease simply lets employees pay for these expenses before tax, so they pay less tax and have more in every pay. A Novated Lease is simply a series of arrangements between a leasing company, an employer, and an employee. A finance lease between the employee and the financier is attached to a Novation deed between all three parties allowing the employer to deduct money from the employee’s salary to pay for the lease and all running costs on the vehicle. The vehicle may be used exclusively by the employee, their partner, family members, or any one permitted to use the vehicle by the employee.
If the employee leaves the employer for any reason the novation deed is broken automatically, without notice, and the finance becomes an arrangement only between the employee and the leasing company; removing any risk to the employer.