Why an EV Novated Lease?


Use your pre-tax salary to make lease payments and cover car costs such as insurance, servicing, and registration. You’ll reduce your taxable income and potentially save thousands each year – all while driving a low-emissions vehicle.

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    Reduce taxable income

    Make repayments, maintenance, fuel, insurance and even registration from your pre-tax income, and reduce the amount of tax you pay upfront.

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    Leasing options

    A range of novated car lease options allows you to choose those with flexible terms, fixed interest rates, and no deposit requirement.

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    Get into an EV for much less

    With EV FBT exemptions, businesses will save by not paying FBT and also increase demand for novated leases of Electric cars as these exemptions make them a more attractive salary packaging option. Lastly, choosing an EV becomes a more enticing lease option as employees garaging their EV at home won’t attract FBT.

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    High Resale Price

    With demand for EVs constantly going up, this means great trade in prices. With the world switching to low emission vehicles, international trends are starting to show higher resale values for low emitting vehicles compared to traditional ICE vehicles.

Electric Vehicle Novated Lease Deals

Kooya offers competitive EV novated leasing options for the most popular battery electric vehicles and hybrids in Australia. Whether you’re looking for a Tesla Model 3, BYD Sealion, or Whatever vehicle you are looking for, Kooya’s national buying network. Our Novated Lease Packages include the following;

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$206 p/w

BYD Sealion 7 Premium

Total tax savings: 0
$314 p/w

BYD Shark 6 Premium

Total tax savings: 0
$287 p/w

Mercedes Benz EQA 250

Total tax savings: 0
$253 p/w

Mazda CX-60 Evolve

Total tax savings: 0
$236 p/w

Ford Mustang Mach E Select

Total tax savings: 0
$145 p/w

GWM Ora Standard Range

Total tax savings: 0
$255 p/w

Kia EV6 Air RWD

Total tax savings: 0
$294 p/w

Kia EV9 Air

Total tax savings: 0
$304 p/w

Kia EV6 GT Line AWD

Total tax savings: 0
$277 p/w

Volvo c40 recharge RWD

Total tax savings: 0
$228 p/w

Volvo EX30 Single

Total tax savings: 0
$272 p/w

Volvo XC40 Recharge

Total tax savings: 0
$269 p/w

Tesla Model Y Performance

Total tax savings: 0
$233 p/w

BYD Sealion 6 Dynamic Extended

Total tax savings: 0
$231 p/w

Hyundai Ioniq 5

Total tax savings: 0

Can’t see your vehicle? Already know what car you want to buy?

We can provide a custom EV novated lease quote on any eligible electric car in Australia. Whether it’s a new EV, hybrid vehicle, or low-emissions model, Kooya can secure fleet discounts and handle all the lease paperwork for you.
Use our Novated Lease Calculator for an instant quote

Novated lease calculator
Smiling woman using her phone. Learn about Novated Lease, a smart Car Lease option for employees, offering tax benefits and convenience.
FAQs

Have Questions About EV Novated leasing? No worries, we’re here to help

With current Government Legislation (to be reviewed by mid-2027) eligible EV’s are FBT exempt. This means the savings are even higher on eligible EV’s with a novated lease!

If you buy your car from a dealership or business, you don’t pay any GST on the purchase price – that’s essentially a 10% saving straight away!

No, anyone who pays tax can benefit from a novated lease.

One of the great things about novated leases is that they’re transferable, meaning you can take them with you if you change jobs.

Yes, the combination of lower maintenance, no fuel costs, and tax savings makes an electric car novated lease one of the most cost-effective ways to drive a new vehicle in Australia.

Yes — electric vehicles have fewer moving parts, no oil changes, and lower maintenance costs over the lease term. Plus, they benefit from EV incentives and cheaper charging costs compared to petrol and Diesel vehicles

Yes. Depending on your state or territory, government incentives like electric car discounts, EV rebates, and home charging support may apply. These are considered alongside your tax savings for maximum benefit.

yes, comprehensive car insurance is not only a requirement for your novated lease but can be arranged by Kooya. Our insurance products offers key features: 1. choice of repairer 2. excess free windscreen/glass claim 3.hire care – at fault claim 4. cover for under 25 additional drivers 5. GAP cover – In the event of a total loss, the payout amount from insurer may not cover the financed amount owing. However, this will be covered by the GAP component of the policy. This feature is specifically designed for Novate Leases and not typically found in other retail insurance policies.

Absolutely. Use our EV Novated Lease Calculator to compare lease terms, residual values, and potential savings on different eligible EVs before requesting an obligation free quote specific to your individual circumstances

Yes — most eligible EVs and priced under the luxury car tax limit are fringe benefits tax (FBT) exempt when used primarily for private use. This makes EV novated leasing one of the most tax-effective ways to drive in Australia

You lease an electric vehicle through your employer’s salary packaging arrangement (Kooya), paying the car lease and running costs using pre-tax income. This reduces your taxable income, helps you save on income tax, and lowers your overall EV costs

At the end of your lease term, you can buy your EV outright by paying the residual value, extend the lease, or upgrade to a new electric car. Kooya will guide you based on your financial situation and personal circumstances.

If your employer or personal circumstances change, your novated lease can usually be transferred or restructured.Kooya will help you complete your mid lease transfer.

A Kooya EV Novated Lease bundles all your car running costs including registration, insurance, servicing, and charging, into one cost-effective payment. This ensures your EV ownership is predictable, simple, and tax-efficient.

During the lease term, the financier owns the vehicle. Once your term ends and the residual value is paid, ownership transfers to you.
Car brands

Novated Leases for leading EV car brands

We provide Novated Leases for all car brands, including the ones listed here.

  • Yellow Ford Ranger pickup truck on road. Novated Lease Car Lease option for this vehicle's purchase.
    Ford logo. Novated Lease options for Ford Car Lease. Oval emblem with stylized Ford script.
  • Silver Mitsubishi Triton driving on a beach. Consider a Novated Lease Car Lease for your next vehicle.
    Mitsubishi Motors logo for Novated Lease. Consider a Car Lease for your next vehicle.
  • Burgundy Mazda CX-90 SUV for Novated Lease. Car Lease option shown in front of a stone building, showcasing vehicle's design and style.
    Mazda logo. Considering a Novated Lease? Explore Mazda car lease options for your next vehicle. Drive your dream car with a Novated Lease.
  • Silver SUV car lease, Novated Lease option. The Toyota bZ4X electric car is in a field with trees. Environmentally friendly car.
    Toyota logo for Novated Lease. Explore Car Lease options with Toyota's reliable vehicle range.
  • Hyundai Tucson NX4 HEV for Novated Lease. Car Lease deals available on this SUV. Stylish, fuel-efficient vehicle for salary packaging.
    Hyundai logo for Novated Lease, exploring Car Lease options. White emblem and text on a teal background.
  • Two Tesla cars on a road. Red and grey electric vehicles. Novated Lease Car Lease options shown.
    Tesla logo. Consider a Novated Lease for your Tesla car lease. Explore electric vehicle car lease options.
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