At the end of your lease, you can either pay out the residual to own the car, refinance the remaining amount or return the vehicle. We’ll guide you through each option so you can choose what suits your lifestyle and finances best, with no surprises. You can even lease one of the latest EV models through a new novated lease if you’re ready for a refresh.

You can package nearly all vehicle-related expenses pre-tax: lease repayments, rego, insurance, servicing, tyres and charging. This streamlines your budgeting and helps to effectively lower your taxable income, letting you drive an EV for shockingly less than you’d expect.

Home charging costs can be claimed based on a per-kilometre rate set by the ATO, while public charging can be reimbursed by uploading receipts. It’s simple and transparent – and we’ll show you how to do it step-by-step.

Only personal expenses like traffic fines, tolls (unless work-related) and non-vehicle-related costs are excluded. Everything else – from tyre changes to roadside assistance – can typically be bundled into your lease.

Most EV novated leases run between 2 to 5 years, depending on what suits your budget and employment status. A longer term generally lowers your monthly costs, while shorter terms give you flexibility if you're planning a lifestyle or job change.

In most cases, yes. State government EV rebates can still apply if your novated lease meets eligibility criteria. We’ll help you check if your lease qualifies, so you don’t miss out on any savings or subsidies available in your state or territory.

Rates vary based on your credit profile and lease term, but they’re typically competitive compared to personal loans. Plus, with the tax benefits and FBT exemption, your effective cost is significantly lower overall, and we’ll show you the exact numbers. To see an estimate of your payments, crunch the numbers yourself with our novated lease calculator.

Comprehensive insurance is mandatory, and the premium can be packaged into your lease to reduce out-of-pocket costs. We can also connect you with EV-friendly insurers who offer tailored coverage for electric vehicles, including battery and charger protection.

While you can’t bundle the cost of installing a home charger into your novated lease, you can package the charging costs themselves. Electricity, plus essentials like insurance, rego and servicing, can all be included.

No worries – we’ll work directly with your employer to set up a simple, compliant novated lease program. There’s no upfront cost for them, and we handle the admin. All you need to do is put us in touch with your payroll or HR team. Best of all, it’s simple for employers to set up with almost no paperwork, and it’ll cost them nothing out of pocket.

Yes – used EVs are eligible as long as they were first registered after 1 July 2022 and meet the criteria for FBT exemption. This can be a great way to save even more while still accessing the benefits of an electric novated lease.

You can transfer your lease to your new employer if they offer novated leasing. If not, you can take over the lease as a personal loan or discuss early termination options. We’ll support you with the most cost-effective transition.

More Aussies than ever are making the switch to electric, with Teslas like the Model Y and Model 3 still leading the charge. But they’re not the only ones, with BYD Seal proving to be a popular lower-cost alternative to a Tesla. 

Here are some popular EVs that Leaselab’s customers are choosing: 

• Tesla Model Y 
• Tesla Model 3 
• BYD Seal 
• BYD Sealion 
• Kia EV5 
• Volvo EX30
• MG MG4
• Hyundai Kona 
• Polestar 4
• Mercedes-Benz EQA 
• BMW iX3