Whether you need the family-sized Tesla Model Y or the high-performance Tesla Model 3, a Tesla novated lease is a tax-effective way to switch to electric.
By using a salary sacrifice arrangement, your vehicle is paid using a combination of pre-tax salary and post-tax contributions, reducing your taxable income and potentially improving overall tax savings over the lease term.
Compare your estimated costs in seconds. Our novated lease calculator helps you estimate how many savings you could access compared to a standard finance example.
Novated Leasing not only gives you a brand new car at a fantastic purchase price, but it also allows you to include many of the running costs in your pre-tax income.
A Tesla novated lease arrangement is a three-way agreement between you, your employer, and the financier.
Instead of paying for a car with after-tax income, your employer manages lease payments and running costs directly from your pre-tax salary. For eligible electric vehicles, government incentives may apply. Where a vehicle falls under the luxury car tax threshold, it may also qualify for a fringe benefits tax exemption, improving overall cost efficiency compared to standard vehicle finance.
Compare the most popular vehicle model choices available for your novated lease. We can also source selected new or used cars (subject to age limits).
From $259/week
Spacious electric SUV with extended range and strong performance, ideal for families and long-distance driving.
From $199/week
Efficient electric sedan with modern technology, strong performance, and low running costs.
From $209/week
Practical electric SUV with comfort, space, and efficient everyday performance.
As a leading electric vehicle brand in Australia, Tesla is a strong fit for novated leasing due to its range of high-performance electric vehicles.
When you choose a Tesla novated lease, you can benefit from:
Select the model from the Tesla range that suits your lifestyle and budget.
We assist with the finance application, credit approval, and lease documentation.
Your employer signs the agreement, and payments begin from your pre-tax salary.
A Tesla novated lease is more than just a car upgrade; it’s a smart salary move designed to save you money from day one.
Our expert consultants are ready to build a tailored novated lease Tesla quote that estimates exactly how much of your gross salary you can retain each week. This summary provides a general overview and is not a substitute for professional financial or legal advice. Contact our team today for information and to see how the EV discount can finance your electric driving.
A novated lease is a finance method where an employee leases a vehicle, and the employer manages payments through pre-tax dollars via salary packaging. A novated lease may also include the running costs involved with the vehicle, such as comprehensive insurance, registration and servicing.
Salary Packaging Australia’s novated leases operate under an Australian Credit Licence. Finance is subject to approved applicants.
Yes! Tesla vehicles are powered by electricity and may qualify for a fringe benefits tax (FBT) exemption, making them highly tax-effective under a novated lease structure. This can improve overall tax savings compared to traditional finance.
Rates vary depending on your credit profile, lease structure, and provider. Unlike a standard car loan, a novated lease combines running costs and potential GST savings, which can improve the overall comparison against after-tax finance and may reduce overall costs over the lease term.
You are the registered user of the vehicle, while the finance provider holds a security interest during the lease. At the end of the agreement, you can pay the residual, upgrade to a new Tesla model, or explore transferring the lease arrangement based on your financial situation.
Yes. A novated lease can include running costs such as insurance, registration, servicing, and eligible home charging equipment. This helps simplify total fees into one structured payment and supports more predictable budgeting.
The Tesla Model 3 may qualify for the Australian Government’s Electric Vehicle discount through a full fringe benefits tax (FBT) exemption Eligibility depends on the vehicle’s first retail sale price falling below the current luxury car tax (LCT) threshold. If the specific model meets these criteria, it may be considered FBT exempt, significantly improving cost efficiency under a Tesla novated lease.
You can calculate potential savings using our Tesla novated lease calculator to compare outcomes against traditional finance and estimate whether the Model 3 is a more cost-effective option.
* This calculator contains general information and does not necessarily take all of your personal circumstances into account. Salary Packaging Australia encourages you to seek professional, independent tax or financial advice and to consider whether this information is right for you before making a decision. The availability of any packaging benefit is subject to your employer’s approval and compliance with the Australian Income Tax Assessment Act (1997). The Australian Taxation Office can provide advice on compliance.
All benefit examples based on a 60-months term driving 15,000 km per annum on a $85,000 annual salary. Prices excluding GST under novated lease and images are for display purposes only. Vehicles subject to availability. Pricing is based upon supply of motor vehicle in South-east QLD. Vehicle pricing may be subject to change without notice. Pricing may vary depending on the exact location and State of purchase and are based on PAYG income tax rates as at 01/07/2026.
The salary packaging of motor vehicles works for you by substituting a taxable benefit with a non-taxable benefit. The above cost figures represent the estimated impact on your take home pay taking into account those tax benefits based on the assumptions outlined. You should obtain independent financial advice taking into account your personal circumstances before you rely on these figures. Salary Packaging Australia Pty Ltd ABN 53 009 643 485.
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