Volvo EX30 Novated Lease
Calculate novated lease savings on the Volvo EX30 ($48,490.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Volvo EX30 Novated Lease at a Glance
$48,490.00
EV
476 km
69 kWh
$0 (exempt)
$4,408.18
Volvo EX30 Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $680.54 | $8,493.09 | $13,801.27 |
| $85,000.00 | $680.54 | $8,493.09 | $13,801.27 |
| $100,000.00 | $680.54 | $8,493.09 | $13,801.27 |
| $120,000.00 | $680.54 | $8,493.09 | $13,801.27 |
| $150,000.00 | $680.54 | $10,350.95 | $15,659.14 |
Volvo EX30 Annual Running Costs
| Charging | $580.00 |
| Insurance | $1,300.00 |
| Registration | $800.00 |
| Servicing | $450.00 |
| Total per year | $3,130.00 |
Buying vs Novated Lease: Volvo EX30
Comparison for an $85,000 salary over 3 years:
Buying outright
$58,390.00
After-tax dollars
Novated lease
$53,081.82
Pre + post-tax mix
Is the Volvo EX30 worth it on a novated lease?
The Volvo EX30 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 Volvo EX30 significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $48,490.00, you save $4,408.18 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $13,801.27 on an $85,000 salary.
With a 69 kWh battery and 476 km of range, the Volvo EX30 handles daily commuting with ease. Annual charging costs are approximately $580.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Volvo EX30 novated lease cost?
On an $85,000 salary with a 3-year lease, the Volvo EX30 ($48,490.00) costs approximately $680.54 per fortnight including running costs.
Is the Volvo EX30 FBT exempt?
Yes, the Volvo EX30 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 Volvo EX30 novated lease?
On an $85,000 salary over 3 years, you can save approximately $13,801.27 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Volvo EX30?
Annual running costs for the Volvo EX30 are approximately $3,130.00, including charging ($580.00), insurance ($1,300.00), rego ($800.00), and servicing ($450.00).
What is the range of the Volvo EX30?
The Volvo EX30 has a range of approximately 476 km on a full charge with a 69 kWh battery pack.
Calculate Your Exact Savings
Use our novated lease calculator with your specific salary, car, and preferences.
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