Right now, one of the hot topics in the world of novated leases and salary sacrifices is that PHEVs and EVs don’t count when it comes to fringe benefit tax – with the catch being that in the case of PHEVs, this only applies to novated leases set up by 31 March 2025 at the latest.
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BEVs, PHEVs and MHEVs – Oh My!
Wrapping your head around a novated lease
So you’ve heard that your employer is offering you a novated lease as part of your salary. Perhaps you’ve also heard some of the buzz about how novated leases involving electric vehicles (EVs) don’t count as fringe benefits for tax purposes. If you’re feeling confused, you’re not alone
EV Sales Growth Down While PHEV Sales More Than Double
2024 saw a massive shakeup as pure EV sales softened (only growing 4% last year) but on the flipside, sales of Plugin Hybrid Electric Vehicles (PHEVs) boomed as Australian consumers choose the 'best of both worlds' Leading this charge is BYD, where over 60% of their sales are PHEVs notably the th
What are the Pros and Cons of a Long-Term Car Loan?
Generally speaking, if you're in the market for a long-term car loan, the longest term would typically extend to seven years, although some lenders may offer eight-year terms under specific conditions. Keep in mind, the length of the loan term significantly affects the overall cost, monthly repaymen
What to Consider When Buying a Second Hand Vehicle
The new car market is often an intimidating experience for motorists looking for a bargain. Not only do motorists have to pit themselves against savvy salesman in an effort to haggle down prices, but there are an infinite amount of options when commencing your search. On the contrary, browsing th