Drive an EV for Less with $0 FBT and Lower Running Costs
Access tax savings, reduce your running costs, and package your EV through your salary
Why an EV Costs Less with a Novated Lease
Pay No FBT on Eligible Electric Vehicles
Eligible EVs are exempt from Fringe Benefits Tax, reducing the overall cost of your vehicle.
Lower Running Costs
Save on fuel, servicing, and maintenance compared to petrol or diesel vehicles.
Pay Through Your Salary
Combine your car and running costs into one simple pre-tax payment.
How Much Could You Save with an EV?
Use our EV calculator to see your estimated savings and weekly cost based on your salary and vehicle choice.
How EV Novated Leasing Works
Understand how salary packaging an EV works—from choosing your car to saving on tax and running costs
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1. Choose Your EV
with $0 FBT
Start by choosing the car you want. Once selected, an agreement is set up between you, your employer, and Express Fund. The vehicle is leased in your name, while your employer manages the payments through your salary.
2. Package Through Your Employer
One of the key benefits is simplicity. Your lease payments and running costs are automatically deducted from your pre-tax salary each pay cycle, making it easy to manage with no ongoing effort.
3. Drive and Save for the Duration of the Lease
You can choose a lease term that suits your situation, typically between three and five years. This flexibility allows you to structure repayments around your budget, cash flow, and financial goals, giving you greater control over how you manage your vehicle costs over time.