Calculate your savings
Just choose your vehicle type; input your estimated vehicle cost, annual kilometres, salary and lease term, and see how little it will cost to drive a new car with an ORIX Novated Lease!
You can save
per year on your car's finance and running costs with an ORIX Novated Lease
Weekly salary impact
Electric Vehicles are now more affordable than ever
The Government has passed the Treasury Laws Amendment (Electric Car Discount) Bill 20221 to exempt (non-luxury) electric cars (including battery electric cars, hydrogen fuel cell electric cars and plug-in hybrid electric cars) from Fringe Benefits Tax.
The exemption applies to battery electric cars, hydrogen fuel cell electric cars and plug-in hybrid electric cars acquired via a Novated Lease, priced below the luxury car tax threshold ($84,916 for the 2022-23 income year) that are purchased on or after 1 July 2022.
Make a move to electric now
Your guide to the Fringe Benefits Tax (FBT) Exemption for Electric Vehicles (EVs) in Australia
Benefits of an ORIX Novated Lease
A Novated Lease is a low-cost approach to financing a vehicle, with lease payments and budgeted running costs collected directly from your salary. With an ORIX Novated Lease, you can access discounted vehicle prices and running costs using our nationwide dealer network. Your regular payment includes an amount budgeted for your running costs – flattening the peaks and troughs of your vehicle expenses. Any money that is not used is returned to you at the end of lease.
There may be tax benefits in having a Novated Lease. You should check with your accountant or financial adviser to discuss the best option for your personal circumstances.
We use our purchasing power through our national preferred dealer network to secure you a great deal. You can also choose to use your own dealer.
- Check with your employee resources to see whether you are eligible to obtain an ORIX Novated Lease
- Use our online calculator to calculate and compare your indicative repayments and potential savings
- Test-drive some vehicles to help decide on the vehicle that suits you
- Let us know the make, model, variant and accessories you are after, including your budget
- Our team of experts can negotiate on your behalf and source you a great price
- We will walk you through the process including the online credit application, lease agreement, and ongoing management of your vehicle.