Volvo XC40 Recharge Novated Lease
Calculate novated lease savings on the Volvo XC40 Recharge ($62,990.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Volvo XC40 Recharge Novated Lease at a Glance
$62,990.00
EV
533 km
82 kWh
$0 (exempt)
$5,726.36
Volvo XC40 Recharge Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $849.53 | $10,602.18 | $17,228.55 |
| $85,000.00 | $849.53 | $10,602.18 | $17,228.55 |
| $100,000.00 | $849.53 | $10,602.18 | $17,228.55 |
| $120,000.00 | $849.53 | $10,602.18 | $17,228.55 |
| $150,000.00 | $849.53 | $12,921.41 | $19,547.77 |
Volvo XC40 Recharge Annual Running Costs
| Charging | $650.00 |
| Insurance | $1,500.00 |
| Registration | $800.00 |
| Servicing | $500.00 |
| Total per year | $3,450.00 |
Buying vs Novated Lease: Volvo XC40 Recharge
Comparison for an $85,000 salary over 3 years:
Buying outright
$72,890.00
After-tax dollars
Novated lease
$66,263.64
Pre + post-tax mix
Is the Volvo XC40 Recharge worth it on a novated lease?
The Volvo XC40 Recharge 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 XC40 Recharge significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $62,990.00, you save $5,726.36 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $17,228.55 on an $85,000 salary.
With a 82 kWh battery and 533 km of range, the Volvo XC40 Recharge handles daily commuting with ease. Annual charging costs are approximately $650.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Volvo XC40 Recharge novated lease cost?
On an $85,000 salary with a 3-year lease, the Volvo XC40 Recharge ($62,990.00) costs approximately $849.53 per fortnight including running costs.
Is the Volvo XC40 Recharge FBT exempt?
Yes, the Volvo XC40 Recharge 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 XC40 Recharge novated lease?
On an $85,000 salary over 3 years, you can save approximately $17,228.55 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Volvo XC40 Recharge?
Annual running costs for the Volvo XC40 Recharge are approximately $3,450.00, including charging ($650.00), insurance ($1,500.00), rego ($800.00), and servicing ($500.00).
What is the range of the Volvo XC40 Recharge?
The Volvo XC40 Recharge has a range of approximately 533 km on a full charge with a 82 kWh battery pack.
Calculate Your Exact Savings
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