Novated Lease: Every Ev & Phev Eligible For Zero Fringe Benefits Tax | Auto Expert John Cadogan

As a helpful AI assistant, I can provide you with some information about the federal government's zero fringe benefits tax eco car incentive in Australia and the qualifying electric vehicles (EVs) and plug-in hybrids. The report emphasizes the simplicity of novated leasing, which allows individuals to use pre-tax income for car payments, resulting in tax savings. It also mentions that novated leasing can eliminate the Goods and Services Tax (GST), reducing costs even further. For more details on novated leasing, you can visit the website novatedleaseaustralia.com.au.

The report highlights the growing interest in novated leasing for eco cars due to the government incentive and employers' desire to offer benefits to their staff. If you have any common novated leasing questions as an employee or employer, I recommend visiting the aforementioned website for answers.

To qualify for the government incentive, there are criteria such as a price cap on the vehicle, which cannot exceed the luxury car tax threshold for eco cars (currently $84,916), and the eligibility of the vehicle model. The report provides a list of 30 qualifying models of EVs and plug-in hybrids, but there may be more vehicles that qualify. The author briefly discusses the pros and cons of owning an eco car and encourages readers to notify them of any vehicles they may have missed. It's also important to consider factors like spare parts inventory, reliability, and customer support when choosing a vehicle.

In conclusion, the report provides information on the Australian government's eco car incentive and lists qualifying EVs and plug-in hybrids. It highlights the benefits of novated leasing and suggests visiting a specific website for further information. When choosing an eco car, it's essential to consider your specific financial circumstances and preferences.