A Tesla novated lease delivers significant savings thanks to income-reducing pre-tax salary deductions, GST savings and potential fringe benefits tax (FBT) exemptions. Your overall running costs can also be much lower than traditional financing options. You can determine how much you might save with our handy Tesla novated lease calculator or compare all your options by viewing our car range.

There isn't a fixed minimum salary requirement for a Tesla novated lease in Australia. Approval depends on your individual financial situation and your capacity as a borrower. Factors such as your income, living expenses and any financial dependents are considered to determine your ability to make regular lease payments over the term. It’s important to consult with Leaselab to evaluate your specific situation and explore your options for a Tesla novated lease.

Typically, the approval process takes about a week or two, assuming you've got your documents ready and your employer is set up for novated leasing. How long it takes to pick your vehicle also plays a part, so the sooner you settle on your dream car, the faster everything else can fall into place.

Absolutely! Tesla's higher purchase price works in your favour - you'll save more tax through salary sacrifice. Plus zero FBT, cheap running costs and strong resale values make it a smart financial move, not just a cool car.

Yes! All Tesla models under $91,387 (for the 2024/25 FY) get full FBT exemption. That includes Model 3 and most Model Y variants. You'll pay zero fringe benefits tax, maximising your salary sacrifice savings - it's one of the best perks going.

EV FBT exemption applies to Tesla vehicles under the LCT threshold (A$91,387 for 24/25 FY), making novated leasing especially tax-effective for the Model 3 and Model Y. However, the Model X and Model S can also be available for novated leasing.

Tesla Model 3

The Tesla Model 3 is one of the most popular EVs on the market, offering great value and a strong driving range.

Variants available:

• RWD
• Performance
  

Typical lease cost: From $190 per week

Key benefits:

• Strong all-electric driving range
• High popularity and wide availability
• Competitive pricing and notable weekly savings

Tesla Model Y

The Model Y is Tesla’s compact SUV, offering added space and versatility for families or long-distance driving.

Variants available:

• RWD
• Long Range
• Performance
  

Typical lease cost: From $199 per week

Key benefits:

• SUV practicality with generous cargo space
• Ideal for everyday driving or road trips
• Often eligible for current leasing discounts

Tesla Model X

The Model X is Tesla’s luxury AWD SUV with seating for up to seven, advanced tech, and signature Falcon Wing doors.

Variants available:

• AWD (Dual Motor)
  

Typical lease cost: Premium – please contact for a quote

Key benefits:

• True luxury SUV experience with extra seating
• Premium design and less commonly available for lease
• Ideal for families, executives, or luxury EV enthusiasts

Tesla Model S

The Model S is Tesla’s flagship premium sedan, known for high performance, elegant styling, and long range.

Variants available:

• AWD (Dual Motor)
  

Typical lease cost: Premium – please contact for a quote

Key benefits:

• Top-tier luxury and performance
• Long-range capabilities with sleek, minimal design
• Preferred by drivers who want the best of Tesla engineering

Yes! You'll get state-based incentives like stamp duty exemptions and registration discounts, plus the federal FBT exemption. Stack these with novated lease tax savings, and you're looking at serious money back in your pocket.

Tesla's cost roughly 70% less to run than petrol cars. Charging at home costs about $15-20 for 500km. Add minimal servicing requirements, and you're saving thousands annually, especially when you can pay for running costs through your lease pre-tax.

Definitely. Tesla's Supercharger network covers major routes, and newer models easily handle 400-500km range. The network keeps expanding, and charging is getting faster. Road trips are totally doable with a bit of planning.

It's the complete package: cutting-edge tech, impressive performance, extensive charging network and strong brand appeal. Plus, they practically invented the modern EV experience. When you combine that with novated lease savings, it's pretty compelling.

Home charging costs around 3-4 cents per kilometre. Public charging varies but averages 8-15 cents per km. Either way, you're paying a fraction of petrol costs and it's even cheaper when bundled into your novated lease package.

Tesla leads the pack with regular over-the-air updates, an intuitive interface and advanced autopilot features. The car literally gets better over time. While other brands are catching up, Tesla's software ecosystem remains the gold standard. Check out all the EVs you can get on a novated lease and see which one’s right for you.