Green-ratediscountsandtheFBTexemption,explained.
Specialist EV and hybrid finance — we model green-discount car loans against novated leases so you see the after-tax number that matters.
Three reasons EV buyers use an EV-specialist broker.
Green-rate discounts can shave 0.5–1.5% off the rate
Several lenders on our panel offer dedicated green-rate discounts for EVs and hybrids — typically 50–150 basis points below their standard car loan rate. We know which ones, and we'll quote both the standard and green-rate option.
FBT exemption changes the maths if you salary-package
Eligible EVs under the luxury car tax threshold (~$89k for low-emission vehicles in 2026) attract an FBT exemption when packaged through a novated lease. The take-home maths often beats a personal loan. We'll model both scenarios.
EV-specific lenders understand the asset
Some lenders are still nervous about EV depreciation and battery longevity. The lenders we use for EVs have funded thousands of them and price the file appropriately, not punitively.
Loan basics.
Indicative shape for a typical EV under the LCT low-emission threshold. Higher-priced EVs and used EVs see different terms.
- Loan term
- Up to 7 yrs
- Green discount
- Up to 1.5%
- FBT exemption
- <$89k EVs
- Decision time
- Same day
Who we finance for EV and hybrid.
- First-time EV buyers comparing dealer finance to a broker quote.
- Salary-packaging-eligible employees evaluating a novated lease vs personal loan.
- Hybrid buyers upgrading the family wagon to a Toyota RAV4 / Camry hybrid or similar.
- EV upgraders refinancing an early Tesla Model 3 or BYD Atto loan from 2022–2023.
We run files across the majors and the specialists.
Different lenders price different combinations of asset, term and credit profile — that's the whole point of running a panel.
- Westpac
- CommBank
- ANZ
- NAB
- BOQ
- Pepper Money
- Capital Finance
- GoGetta
- Money3
- Liberty
- Plenti
- Firstmac
Three steps from order to charge cable.
- 01
Tell us the EV
Make, model, price, novated-lease eligibility (your employer's HR will confirm). Tesla, BYD, Polestar, Hyundai Ioniq, Kia EV6 — we've funded all of them.
- 02
Compare green-rate vs novated
We model both: a standard secured car loan at the green-rate discount, and a novated lease with FBT exemption. You see both numbers side by side.
- 03
Approval and settlement
Same-day indicative answer; formal approval typically 24–48 hours; settlement direct to the dealer.
Tesla Model Y. Salary-packaging-eligible. Londy ran the numbers on a novated lease vs a green-discount car loan and the novated saved us $4,200 a year after tax. Wouldn't have known to ask.
Sample testimonial — replace with a real Google review before launch.
Common questions before you sign.
Which lenders offer green-rate discounts for EVs?
Several majors and non-banks offer green discounts — Bank Australia, Plenti, Macquarie, Pepper Money, and a few others. The discount is typically 50–150 basis points below their standard car loan rate. The list moves quarterly; we keep ours current.
Should I use a novated lease or a personal loan for my EV?
If you're salary-packaging-eligible and the EV is under the luxury car tax threshold ($89,332 for low-emission in 2026), the FBT exemption usually makes a novated lease cheaper after-tax than a secured car loan. If you're not eligible, or the car's over the threshold, a secured car loan with a green-rate discount is often sharper. We model both.
Can I finance a used EV?
Yes. Used EVs are written by most lenders, though battery age and condition can affect the loan-to-value ratio. Newer used EVs (2–3 years old) write at near-prime rates; older Teslas and Leafs go to specialist lenders.
What's the FBT exemption — and how long does it last?
The FBT exemption applies to eligible low-emission vehicles (zero-emission EVs, plug-in hybrids until April 2025, hydrogen fuel cell vehicles) under the LCT threshold, when financed via a novated lease arrangement with your employer. Plug-in hybrid eligibility ended April 2025. Pure EVs remain exempt.
Do I need home charging installed before I apply?
No. Home charging install (typically $1,500–$3,500) can be done after the car arrives. Some lenders will roll the install into the loan if you provide a quote upfront — worth asking on the application.
Get a real rate from a real broker — usually back the same day.
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