The Daily News Now!
03 April 2026
Electric vehicles through novated leases are gaining popularity in Australia as a way to save on petrol costs. These leases involve a three-way deal between you, your employer, and a leasing firm, where you sacrifice part of your pre-tax salary to cover the car and its running costs. This allows you to dodge taxes and even goods and services tax on the buy and upkeep. The real savings come from payments happening before tax, and the fact that eligible electric vehicles skip fringe benefits tax entirely. However, there are risks involved, such as losing savings if you switch jobs or get laid off, and potential impacts on home loan borrowing power, government benefits, and super contributions. Its recommended to consult with an independent accountant before making a decision. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/8ae54acc23e2e987
0:00 / 0:00