Tesla Model 3 Novated Lease
Calculate novated lease savings on the Tesla Model 3 ($54,900.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Tesla Model 3 Novated Lease at a Glance
$54,900.00
EV
513 km
60 kWh
$0 (exempt)
$4,990.91
Tesla Model 3 Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $755.24 | $9,425.45 | $15,316.36 |
| $85,000.00 | $755.24 | $9,425.45 | $15,316.36 |
| $100,000.00 | $755.24 | $9,425.45 | $15,316.36 |
| $120,000.00 | $755.24 | $9,425.45 | $15,316.36 |
| $150,000.00 | $755.24 | $11,487.27 | $17,378.18 |
Tesla Model 3 Annual Running Costs
| Charging | $600.00 |
| Insurance | $1,400.00 |
| Registration | $800.00 |
| Servicing | $350.00 |
| Total per year | $3,150.00 |
Buying vs Novated Lease: Tesla Model 3
Comparison for an $85,000 salary over 3 years:
Buying outright
$64,800.00
After-tax dollars
Novated lease
$58,909.09
Pre + post-tax mix
Is the Tesla Model 3 worth it on a novated lease?
The Tesla Model 3 is one of Australia's most popular electric vehicles and makes an excellent choice for novated leasing. As an EV priced under $91,387, it qualifies for the FBT exemption, meaning you pay $0 in Fringe Benefits Tax. This makes the Tesla Model 3 significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $54,900.00, you save $4,990.91 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $15,316.36 on an $85,000 salary.
With a 60 kWh battery and 513 km of range, the Tesla Model 3 handles daily commuting with ease. Annual charging costs are approximately $600.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Tesla Model 3 novated lease cost?
On an $85,000 salary with a 3-year lease, the Tesla Model 3 ($54,900.00) costs approximately $755.24 per fortnight including running costs.
Is the Tesla Model 3 FBT exempt?
Yes, the Tesla Model 3 is FBT exempt as it is an electric vehicle priced under $91,387. You pay $0 FBT on a novated lease until March 2027.
How much can I save on a Tesla Model 3 novated lease?
On an $85,000 salary over 3 years, you can save approximately $15,316.36 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Tesla Model 3?
Annual running costs for the Tesla Model 3 are approximately $3,150.00, including charging ($600.00), insurance ($1,400.00), rego ($800.00), and servicing ($350.00).
What is the range of the Tesla Model 3?
The Tesla Model 3 has a range of approximately 513 km on a full charge with a 60 kWh battery pack.
Calculate Your Exact Savings
Use our novated lease calculator with your specific salary, car, and preferences.
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