Tesla MODEL 3 Novated Lease Calculator & Savings

Use this Tesla MODEL 3 novated lease calculator to quickly estimate your repayments, tax savings and running cost benefits in Australia. A novated lease can reduce your taxable income and GST for eligible vehicles like the MODEL 3 — giving you a realistic picture of cost vs buy-outright or traditional finance.

Calculate Your Tesla MODEL 3 Novated Lease

Add your average annual kms, salary & pick a Tesla MODEL 3 variant to get an instant result.

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Tesla MODEL 3 novated lease calculator Australia

How a Novated Lease Works for the Tesla MODEL 3

income-tax

You save on income tax

Because the repayments are drawn from your pre-tax salary, that means you'll have a lower taxable income

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You save on fleet discounts

You leverage the national BMW buying power of FinCar, which means you get the wholesale prices that you normally wouldn't get.

GST

You save on GST

You pay no GST on the vehicle purchase price, fuel, service, registration, repair costs, and even insurance. You can save over 10 cents per litre on fuel each time you fill up. That's a $12 saving on a 60-litre tank.

A novated lease allows you to package the cost of your Tesla MODEL 3 through your salary, using pre-tax income to cover repayments, running costs and GST. This can reduce your taxable income and improve cash flow compared to buying outright or using a standard car loan.

What’s included in your novated lease quote?

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Fuel
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Registration
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Servicing
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Roadside Assistance
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Tyre Replacement
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Insurance

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Tesla MODEL 3 Novated Lease Savings Explained

The Tesla MODEL 3 is well suited to a novated lease, particularly for drivers in higher tax brackets. Depending on the vehicle variant, your income and usage, a novated lease may reduce your overall ownership cost by packaging finance, servicing, registration and other running costs in one structure. You'll also save on GST as well as income tax.

Example Tesla MODEL 3 Novated Lease Scenario

As an example, a Tesla MODEL 3 novated lease over five years may include the vehicle purchase price, finance costs and eligible running expenses. Your actual savings will depend on your salary, tax bracket and selected lease term, but many drivers find the after-tax cost is lower than traditional financing options.

Save your next car purchase with a Tesla MODEL 3 Variant and Novated Leasing

tesla model-3 Specifications

Description

tesla model-3 Description

The Tesla Model 3 is a highly anticipated electric vehicle that has made a significant impact on the Australian car market. With a starting price of around $70,000 AUD for the Standard Range Plus variant, the Model 3 offers a compelling combination of performance, range, and technology. The Model 3 is available in three different variants in Australia: Standard Range Plus, Long Range, and Performance. The Standard Range Plus offers a range of approximately 430 km, while the Long Range and Performance variants provide even greater range and acceleration. The Performance variant, in particular, can go from 0 to 100 km/h in just 3.3 seconds, making it one of the quickest cars on the road. Inside, the Model 3 boasts a minimalist and futuristic interior design, with a large touchscreen display dominating the dashboard. The quality of materials and build is impressive, and the overall driving experience is smooth and quiet. One of the key advantages of the Model 3 is its extensive Supercharger network, which allows for fast and convenient charging on long trips. Overall, the Tesla Model 3 is a compelling option for Australian drivers looking to embrace the future of electric mobility.

Here’s what some of our customers had to say about Tesla MODEL 3...

Tesla MODEL 3 Novated Lease FAQs

How much does a Tesla MODEL 3 novated lease cost?
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Is the Tesla MODEL 3 eligible for novated lease tax benefits in Australia?
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Can I choose my own novated lease provider for a Tesla MODEL 3?
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What Tesla MODEL 3 variants can be novated leased?
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Is a novated lease better than buying a Tesla MODEL 3 outright?
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Start customising your FREE novated lease quote now!

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Fincar has been offering novated car leases to Australians since 2008 and rather than just punch out the numbers like the big guys, we explain how it works, what the benefits are, the advantages and disadvantages and whether it’s worth it in your particular situation. So whether you’re just trying to find out what is a novated lease, or you’d have a specific question about ATO prescribed residual values, one of our friendly consultants can answer that straight away. And, if it looks like it’s going to work, we’ll get you the best novated lease interest rates from Australia’s top lenders.