Lower your tax payment.

A novated lease is an easy and cost-effective way to own and run your car as it lets you use pre-tax dollars to pay for the new or used car of your choice. 

Tax savings

Your Novated Lease comes out of your pre-tax income, allowing you to:

  • Reduce your income tax (PAYG)
  • Remove your FBT liability
  • Save GST on the vehicle purchase price and all running costs
  • Any profit at the end of the lease is tax-free

On-going savings

In addition to the tax savings, your InsideEDGE Novated Lease allows you to enjoy ongoing savings through:

  • Fuel discounts
  • Fleet prices for servicing and maintenance
  • Access to manufacturer’s corporate programs (where applicable)
  • Discounts on running costs

Time savings

A Novated Lease is created to make car ownership more convenient by:
  • InsideEDGE handling all the negotiations for you
  • Allowing for all car costs to be included in payroll deductions
  • Servicing, Registration, Insurance, and other costs are managed by InsideEDGE
  • Eliminating the complexity of selling your car or trading it in
  • Providing ongoing advice

Lower your tax even more.

As part of the Federal Government’s climate policy, a bill to exempt electric vehicles with low-to-zero emissions from FBT (Fringe Benefit Tax) has been approved.

The policy removes the FBT liability on electric vehicles that are Battery Electric Vehicles or Plug-in Hybrid Vehicles, with a purchase price below $89,332, until June 2025*.


If you lease a new EV with a purchase price under $89,332 (excl on roads) the legislation exempts the vehicle from any FBT Liability. Meaning the vehicle and all running costs are paid with pre-tax dollars, reducing your taxable income and leaving you with more money in your pocket.

Are all EVs included?

The legislation covers Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) but does not cover Hybrid Electric Vehicles (HEVs). To understand the different types of electric vehicles in the market, head to our EV page or call one of our Novated Lease Specialists today on 1300 551 987.

* Amount of $89,332 is current as of 1st July, 2023. Changes to the legislation are not dictated by InsideEDGE.

Let's talk!

For most Australians, a novated lease is the most cost-effective way to own and run your car, regardless of its power source - electric, petrol, or diesel.

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