Hybrid Car Novated Lease

Absolutely! Opting for a novated lease for your hybrid car assures regular, predictable payment deductions and the freedom to use your chosen vehicle without restrictions. The financial advantages are significant, as you use pre-tax income to cover lease payments, effectively reducing your taxable income and resulting in substantial tax savings. 

Running costs like fuel, servicing and insurance can also be paid with pre-tax dollars, further boosting your savings. A novated lease offers a more affordable and flexible way to own and drive a hybrid car compared to traditional financing methods.

A novated lease for a hybrid car involves a three-way agreement between you, your employer and your financier, all managed by your novated lease provider - that's us. Your employer deducts the lease payments from your pre-tax salary, covering the car and its running costs. This setup provides a myriad of tax benefits and simplifies the process of owning and maintaining a hybrid car.

You can choose any make and model of hybrid car to put on a novated lease - new, used or existing. Leaselab offers flexibility so you can select a hybrid car (or any car!) that best suits your needs and preferences. Want to see how different cars stack up? Use our calculator to compare your estimated lease repayments.

Yes, a novated lease is a smart way to access a hybrid without the big upfront cost. You can bundle expenses like fuel, rego and servicing into one monthly payment. Plus, you’ll save on tax by using your pre-tax salary. Hybrids offer lower running costs than petrol cars, too.

A hybrid charges itself as you drive using ‘regenerative braking’, while a PHEV can be plugged in for longer electric-only driving. Both are available on a novated lease but don’t qualify for the FBT exemption. Hybrids suit drivers who want simplicity, while PHEVs work well for short commutes with easy access to charging. 

Whether you go hybrid or plug-in, you’ll save on fuel and do your bit for the environment – and both are a good stepping stone towards getting a fully electric vehicle.

Hybrids generally use less fuel in stop-start traffic and urban driving, while diesel utes perform better for long-distance towing and off-road work. If most of your driving is in the city or short trips, a hybrid ute like the BYD Shark may save more on fuel over time through lower consumption and running costs.

The RAV4 Hybrid is often seen as having better value due to its fuel efficiency, strong resale value and proven reliability. It also qualifies for strong novated lease packaging, with exclusive fleet discounts available through Leaselab. While the Tucson Hybrid offers a more refined interior, the RAV4 pulls ahead for long-term running costs and lower emissions.

Both are excellent city cars, but the Kona Hybrid is more compact, making it ideal for tight urban parking and shorter commutes. The Corolla Cross has more space and Toyota’s strong hybrid reputation. If your priority is ease of parking and daily manoeuvrability, the Kona shines. For flexibility and space, go for the Corolla Cross.

The BYD Shark hybrid lowers fuel costs and suits tradies shifting from diesel while maintaining towing and load capacity. While tradies trust the Ford Ranger for power and reliability, the Shark offers a modern and efficient alternative. And a novated lease helps manage the higher upfront cost of its advanced technology.