Interest in novated leases for electric vehicles soaring in Australia amid fuel crisis
https://www.abc.net.au/news/2026-04-04/novated-leases-electric-vehicles-explainer/106527770
Interest in novated leases for electric vehicles soaring in Australia amid fuel crisis
https://www.abc.net.au/news/2026-04-04/novated-leases-electric-vehicles-explainer/106527770
4 Comments
I’m certainly interested. I can return my hybrid Corolla for the same price I purchased it for and get an EV. My issue is that it’s so bad for the environment to *get a new car* that it is kinda a distractor.
Yep this is me! Should have done it sooner
Yep. Hadn’t even considered a new car, nor an EV but picked a car last week and setup leasing throughout the week.
Wish I looked sooner!
Not financial advice – but for anyone wondering if novated leases will save you money over a car you already own outright – probably not, It isn’t a silver bullet. Novated leases are typically advantageous to those who are already looking to buy a new vehicle.
typically It is never going to be cheaper to replace something you *already* own (with only operational costs) with something new (operational and the cost of the vehicle must be paid).
It’s still a good scheme for the right situations, but it’s not free money like advertisements may have you believe.