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All your car and running costs are included
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Rego & Insurance
Tyres & Alignment
Servicing & Maintenance
Fuel or Electricity
Lease Payments
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You can customise your lease to your liking. Get a Personalised Quote below to choose your options.
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BMW IX1
Compare Savings by Variant
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297
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$
297
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315
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$
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Premium electric SUV, serious tax savings
You've already decided the BMW iX1 is your car. Smart choice. Since launching in Australia in 2023, the iX1 has become BMW's best-selling electric vehicle. It's not hard to see why.
A luxurious interior, genuinely enjoyable dynamics and slick technology make it one of the most compelling premium EVs on the market. The fact that the iX1 FBT-exempt makes it one of the smartest novated lease choices available right now.
See exactly what you'd save with our novated lease calculator.
Why the iX1 is a standout novated lease vehicle
The iX1 is a battery electric vehicle priced under the luxury car tax threshold, which means it qualifies for the federal government's FBT exemption.
On a $70,000+ premium EV, that's a saving that's genuinely material.
- Zero fringe benefits tax on your lease
- All payments made using pre-tax salary
- GST saving of up to $6,334 on the purchase price
- Charging, servicing, registration, tyres and insurance all bundled in
What does a BMW iX1 novated lease actually cost?
On a salary of $150,000, a BMW iX1 eDrive20 at $74,900 over a five-year lease term looks like this:
- Weekly payment: approximately $297
- Annual tax saving: $12,496
- Total saving over 5 years: $62,480
- Annual kilometres: 15,000km
- Business use: 80%
Compare that to buying outright or financing through a standard car loan, where every dollar comes from your after-tax pay, and the novated lease advantage is significant.
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The information you share is used for the purposes of an estimate. In many cases your final quote is less than what is shown here based on your personal circumstances.
The Process
How It Works
A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.
You + Your Vehicle
Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.
You + Your Employer
An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.
You + Leaselab
With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.
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How does the iX1 compare to the Audi Q4 e-tron or Mercedes EQA on a novated lease?
The novated lease structure works the same across all three. Where the iX1 stands out compared to the Audi Q4 e-tron or Mercedes EQA is its combination of BMW's driving dynamics, premium interior quality and strong resale value — all of which matter when your residual is calculated at lease end.
Compare all the SUVs you can put on a novated lease and discover the smarter way to drive your dream car.
Which iX1 variant should I choose on a novated lease?
- If charging infrastructure and everyday efficiency are your priority, the eDrive20 delivers strong range and a lower purchase price, meaning a lower residual and smaller weekly payment.
- If performance and all-weather capability matter, the xDrive30 is worth the step up.
Can I bundle charging costs into my novated lease?
Yes. Home charging costs can be included in your novated lease package alongside servicing, registration, tyres and insurance. It’s one of the main benefits of salary sacrificing for your new BMW iX1.
What happens at the end of my iX1 novated lease?
You’ve got options. You can pay the residual and own the car outright, trade in and upgrade to a new model, keeping any equity above the residual tax-free, or refinance the residual into a new lease term.
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