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$3,000 Novated Lease Incentive Available for Tesla Model 3 and Model Y Variants @ Tesla

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$3,000 Novated Lease Incentive Available for Tesla Model 3 and Model Y Variants @ Tesla
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Brisbane1 on 31/10/2024 - 13:37 tesla.com (6191 clicks)
Last edited 29/11/2024 - 12:55 by 2 other users

For a limited time, access a $3,000 incentive when you order an eligible Tesla vehicle and finance the purchase by way of a novated lease.

This offer is valid exclusively for eligible purchases of all new Model 3 and Model Y Variants*. 

$3,000 Novated Lease Incentive

By participating in this offer, you agree to these Terms and Conditions. Order an eligible Tesla vehicle and finance the vehicle purchase by way of novated lease through a Novated Lease provider and take delivery by 20 December 2024 to qualify (unless extended). This offer is valid for eligible purchases of all new Model 3 and Model Y vehicles.

This offer is only available for eligible purchases financed through a novated lease with secured credit approval. Purchases of used vehicles and business customers (including fleet, enterprise, rental and government customers) are not eligible for this offer. If eligible, the incentive will be applied directly to your final invoice as a reduction from the vehicle purchase price once credit approval has been obtained and cannot be applied retroactively after delivery. Not redeemable for cash.

This information does not constitute financial or taxation advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. For detailed advice and to discuss finance options tailored to your needs, we recommend speaking with a licensed independent financial advisor.

Tesla reserves the right to change, modify, extend or terminate this offer at any time.

Tesla Referrals

Referral: random (726)

Referee gets $350 off Model Y & 3 purchase.

Referrer gets $150 credit toward Supercharging, software upgrades, merchandise, service payments or a new vehicle. Limit of 10 referral benefits per calendar year.

Automotive Car Novated Lease SUV Tesla Inc Electric Vehicle

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closed Comments

    • Oh Daddy on 31/10/2024 - 13:58

      With your employer work with any NL company?

      If yes, then go with the bigger ones likes Sgfleet, Novated lease Australia etc. they tend to offer a lower rate

    • changyang1230 on 31/10/2024 - 14:31
      +13

      Thanks for the plug.

      The spreadsheet works best if you already get a quote from an NL provider. However, if you simply want to explore, you can simply simulate "what would happen if my NL interest rate is 9%" by following the instruction on that reddit page, under the section called "I Don't Have A Quote For A Car, Can I Still Use This Calculator?".

      • dammit on 31/10/2024 - 14:53
        +1

        Great work on this comprehensive resource! Sorry, I completely missed that in the Reddit page… Looks like I should go back and look through that in detail as I’m sure there are other tips as well. Cheers!

      • theguyrules on 31/10/2024 - 16:13
        +1

        Super handy, thanks

      • Seabass17 on 31/10/2024 - 17:56
        +1

        Your calculator is amazing changyang, thanks.

    • Timm on 31/10/2024 - 15:18
      -2

      I got a few quotes recently. SG Fleet was the best, around $300 per fortnight for a Model Y with no extras.

    • whyisave on 25/11/2024 - 16:19

      I should be only in the 30% tax bracket ($45,001 – $135,000) for now so might not be worth it…

      Consider a 6-month or 12-month 'subscription' EV,
      but ask your employer if they would deal with AGL:

      — https://next.agl.com.au/ev-subscription/salary-packaging

  • 0 0 0 on 31/10/2024 - 14:01
    -8

    Make sure you factor in that you're paying $2-3k more for insurance on a Tesla so the saving might not be so good

    • Oh Daddy on 31/10/2024 - 14:02
      +6

      Not really. My current Sportage came at 1300 and Tesla at 1600.

    • theguyrules on 31/10/2024 - 14:03

      Novated leases include insurance, right?

      • Thbloke on 31/10/2024 - 14:28

        Yes. I heard from a friend, whose insurance is about 3k for Y.

        • Aureus on 31/10/2024 - 15:06
          +2

          Probably young and/or has a claim history. 3K is very expensive.

      • randomguy1 on 31/10/2024 - 14:32
        +1

        yes by default, you can get ur own too..

      • Oh Daddy on 31/10/2024 - 14:43

        The ones they will offer you would be double the market cost. They will try to tell you we offer this and that which others don't nah. Not worth it

        • theguyrules on 31/10/2024 - 14:44

          Ahhh gotcha

        • shiny1 on 31/10/2024 - 14:46
          +1

          You can choose your own insurance provider and get reimbursed later (tax free ofc). Smart Salary lets me do that.

        • Fredfloresjr on 31/10/2024 - 14:50

          But if you really just had an accident and your fault, go with them lol

      • UltimateAI on 31/10/2024 - 15:16
        +1

        You can get your own quotes and claim under a NL so you get the GST and pre-tax benefits.
        By default NL will put in a whole lot of crap you don't need.

        • theguyrules on 31/10/2024 - 15:16

          Thanks, didn't know that

          • UltimateAI on 31/10/2024 - 15:18
            +1

            @theguyrules: BTW: If they budget too much and you don't use it, you get it back at the end. It's not wasted money so to speak.
            I had an EV quote and the maintenance \ service budget was stupidly high.
            I got my own insurance and then claimed it back via the NL.

            • theguyrules on 31/10/2024 - 15:19

              @UltimateAI: Good to know. I am still finding this rather confusing - might need to talk to an accountant

    • Frozensage on 31/10/2024 - 14:05
      +3

      not last I got a quote. Maybe $2-3k more if u upgrading from a bicycle.

    • klaw81 on 31/10/2024 - 14:28

      The premium to insure my Tesla for the past 2 years would only total slightly over $2k.

    • V2L on 31/10/2024 - 14:36
      +1

      every post on EV has this. you just need to look around and not stick to budgetdirect

    • Jaycastle on 31/10/2024 - 15:04
      +2

      Model Y on NL owner here. My insurance is only $1400 per year, I use NRMA and my lease provider reimburses me the money. Tesla insurance can be pretty normal, just need to shop around.

    • Timm on 31/10/2024 - 15:19

      My insurance quote for a new Model Y was only like $20 a month more than I'm paying now for an almost 15 year old ICE car.

  • theguyrules on 31/10/2024 - 14:02

    I was watching youtube videos yesterday trying to understand novated leases. Is this an extra $3k off the purchase price when bought using a novated lease?

    • Oh Daddy on 31/10/2024 - 14:03

      Reading the terms and conditions it will a reduction on the final invoice. So yes, it will reduce the cost upfront.

      I think, BYD on the other hand is giving it back to the customer. I could be wrong.

      • spaceflight on 31/10/2024 - 20:50

        I think, BYD on the other hand is giving it back to the customer. I

        If they are that's a worse offer as you are paying interest on the 'cash back'

        • Oh Daddy on 31/10/2024 - 20:57

          Or you can use it to buy accessories for the car, tint it, get a dashcam which are useless to package in the NL anyway and a cost to the user

          Even better, invest it and get more return than the leasing cost, or or put it towards the residual amount.

  • milobob on 31/10/2024 - 14:04
    +2

    Model y at 50k and I'll buy one. Even though I hate the idea. Why buy a RAV4

    • ZIngerBurgR on 31/10/2024 - 14:06
      +4

      Wouldn't buy a Model Y right now mate. Juniper facelift is on the horizon.

      • milobob on 31/10/2024 - 14:09

        True. Let's hope it's a similar price to the highlander. LR rwd would be my pick

      • serpserpserp on 31/10/2024 - 15:13
        +1

        Not just a facelift, major range upgrades too apparently

    • gfjh567gh3 on 31/10/2024 - 14:14
      +2

      Couldn't tell you how happy I am with my rav4 hybrid.
      The RRP sucks, but that's our new normal with government deficit spending
      That said, seems like everyone outsources their head units to Bangalore because the Android Auto was below expectations - literally the one tech item that new car buyers want, phone integration, is crap. UI is otherwise functional and aesthetic.

      • onlinepred on 31/10/2024 - 14:32
        +2

        Ouch, it's crazy you can get a model y for less than a rav4 hybrid now.

      • JohnnyB.Cheap on 31/10/2024 - 14:51

        I also got a RAV4. I had the enormous displeasure of driving a toyota C-HR overseas and seeing how it shits all over the Rav4. The lane assist can actually accommodate bends in the road, there is a speed limiter, and the option for a non-radar cruise control.

        • choofa on 31/10/2024 - 16:35
          +2

          Nobody buys c-hr so Toyota is going to stop making them. Overpriced and unnecessary with the rav4 and Corolla cross.
          And on lane assist you should try Tesla autosteer as it destroys anything that any toyota does.

        • gfjh567gh3 on 31/10/2024 - 16:48
          +1

          My Rav4 borderline is self driving on the freeway with active cruise control and lane keep assist.
          I don't like the lane keep assist on normal B roads that I travel with crappy shoulders and inconsistent lane marking - I can't see fully self driving cars on the roads anytime soon.

          I think the Rav4 price reflects demand.
          Model Y buyers are giddy about their tax and fuel savings, but the largest cost to a vehicle is generally depreciation, which they are hit hard with.
          Electricity isn't even cheap in Sydney, you'd need a solar set up AND the ability to charge during that day (when solar generates) to drive a benefit. I briefly considered a Y when Rav4 was unobtanium

          • choofa on 31/10/2024 - 17:08
            +1

            @gfjh567gh3: Depreciation is only a cost consideration if you sell early. For those who buy cars for 10+ years it is a non issue really.
            The rav4 is a mile behind a Tesla in driving performance and technology.
            The horribly rough noisy petrol engine and the lack of performance are pretty disappointing at the price of a rav4.
            Mind you the Tesla is far too firm and not a great handling car but that rough ride around town is also disappointing at its price

            • gfjh567gh3 on 01/11/2024 - 10:42

              @choofa: Just because a car is electric and has 100% torque at 1rpm, doesn't mean that it's fast and handles well - if 100% torque is only 20nm on a 3 tonne car, that's going to be slow (numbers for example purposes, only). Let's not pretend that a base model Y is a Plaid.

              Rav4 AWD hybrid has 2x battery packs to help get off the line. I am supremely impressed by the handling (though I'm still running the engine in). The kinetic recovery system also goes very easy on the brakes, which is a high running cost for larger cars.

              Tesla is not renowned for fit and finish and longevity of components, such as suspension and panels and connectors - that would be my long term concern.

              • klaw81 on 01/11/2024 - 15:36

                @gfjh567gh3:

                Let's not pretend that a base model Y is a Plaid

                Definitely not - but even the base model has 350Nm from standstill, which is 50% more than the RAV4 can muster at 3500rpm, so it's a hell of a lot more zippy. The Tesla has far better handling too thanks to the very low centre of gravity.

                The kinetic recovery system also goes very easy on the brakes, which is a high running cost for larger cars.

                Full EVs have a much larger battery and regen capacity, so they're significantly more capable in this regard. Brake pads and discs lasting beyond 100,000km is super common on Tesla vehicles.

                Tesla is not renowned for fit and finish and longevity of components, such as suspension and panels and connectors - that would be my long term concern.

                Panel gaps are a US thing and irrelevant to the Shanghai-made vehicles delivered to Australia. I've heard of issues with Model S suspension, but not so much on the Model 3 or Model Y.

                There's no question that the RAV4 is a really nice vehicle, and it was actually driving a rental hybrid RAV4 in EV-only mode that motivated me to test-drive an EV in the first place. But for a vehicle that's only used for relatively short drives and can be easily charged at home, IMO the Model Y is just better. I will never ever buy another ICE vehicle of any kind if I can possibly avoid it.

          • klaw81 on 31/10/2024 - 18:34
            +1

            @gfjh567gh3:

            Electricity isn't even cheap in Sydney

            You don't need solar. There are a number of electricity providers that offer very cheap overnight rates for charging. Charging a Model Y works out at roughly $1.25 per 100km if you can take advantage of those rates.

            A hybrid RAV would be about $9 per 100km (5L/100km x 1.82/L). If you do a lot of kilometres, it can really add up.

            • gfjh567gh3 on 01/11/2024 - 10:38

              @klaw81: Thank you, yes that's an option. Rates do vary suburb to suburb. I did my calculations on a model 3 , and found that the fuel use discount on the rav4 hybrid was only 50%. I don't drive a lot, so I wouldn't meet a payback period any time soon.
              Plus, as above, these Ravs just don't depreciate! Not that I intend to sell, I want to make this into a family heirloom… lol

        • 22slurpee on 01/11/2024 - 10:59

          "I had the enormous displeasure of driving a toyota C-HR overseas and seeing how it shits all over the Rav4." I'm confused, my interpretation: 'shits all over' = better, 'displeasure' = worse? is the RAV4 better or worse than the C-HR?

          • JohnnyB.Cheap on 12/11/2024 - 08:36

            @22slurpee: The European C-HR was a far better experience, which is a displeasure because I spent the best part of $60k (DINK) on a Rav4.

  • kungfuman on 31/10/2024 - 14:05

    yep got the same email.

  • Frozensage on 31/10/2024 - 14:05

    so I basically need to talk to Maxxia?

    • Heybargain on 31/10/2024 - 14:09

      you need to talk to whichever novated lease provider your company has arrangements with.

    • perthhunter on 31/10/2024 - 14:14
      +7

      Spoiler alert - expect to be price gouged by maxxia if they have exclusivity with your employer

      • shap08 on 31/10/2024 - 14:17

        true story, better of with 0% interest IMO

      • Frozensage on 31/10/2024 - 14:40

        well previously it was smart salary, worked out to be 10% interest rate pre covid, so can't be much worse

        • perthhunter on 31/10/2024 - 14:50

          Recent Maxxia quote is around 16%

  • DeeeShow on 31/10/2024 - 14:06
    +4

    Do you get a dark gothic Maga hat with it??

    • watwatwat on 31/10/2024 - 15:01
      +3

      You can try sending them a video of you doing the X Jump and maybe he will send you one.

      • Bisky1 on 31/10/2024 - 16:18
        +1

        And VPN indicating you are in a swing state.

  • Oh Daddy on 31/10/2024 - 14:06
    +1

    I have been literally been holding on for Juniper. Probably the price won't go up, it didn't with the 3 highland either

    • Brick Tamland on 31/10/2024 - 14:09
      +3

      It did go up with highland. Juniper will definitely go up.

      • plmko on 31/10/2024 - 14:13

        But then it went down to a lowland.

        • Oh Daddy on 31/10/2024 - 14:13

          Yes, this. Within 3 months.

        • Brick Tamland on 31/10/2024 - 14:18
          -1

          Yes. To milk the Tesla fans. Then it drops back to normal price for normal people.

      • V2L on 31/10/2024 - 16:40

        won't go up too much given Kia EV5 and the 20 or so new EVs arriving in 2025. Not if they want to sell anything anyway

  • hoslpgtl on 31/10/2024 - 14:09

    Which translate into $14.42 week for 4yr, depending how long ur lease is it.

    • Oh Daddy on 31/10/2024 - 14:13
      +2

      That's 2 coffees a week with special milk. Not bad hey

      • onlinepred on 31/10/2024 - 14:33
        +2

        It's not bad! But by the end of it, you don't own anything except for the coffee's that you didn't buy

        • V2L on 31/10/2024 - 17:16

          16k to pay to keep 5yo car isnt too bad, you should be able to break even at the very least

  • DaiShan on 31/10/2024 - 14:13
    +12

    We are so lucky that we have chinese EVs in our market. Healthy competition forcing down prices

    • Brick Tamland on 31/10/2024 - 14:19
      +2

      I thank the overlords everyday for their EV blessings bestowed upon us.

  • koplik88 on 31/10/2024 - 14:17
    +1

    The real question to the Novated Leasing company is what is the interest rate on the car loan component? They hate that question as it is always higher than what the banks are offering. You can usually get 5.99% or 6.99% on car loans at Police Credit Union. At the moment the rate is 6.24%. When I looked into one of these last year they said the loan interest rate was 13.99%

    • Brick Tamland on 31/10/2024 - 14:19
      +2

      That’s how they get you.

    • Repstar on 31/10/2024 - 14:25
      +2

      The one my work uses is 8.9%

    • changyang1230 on 31/10/2024 - 14:35
      +13

      Do be aware that while the "interest rate" under the hood of NL is higher than typical car loans, because of the discount effect of funding it with pre-tax money, you can't simply compare NL interest rate and typical loan interest rate directly.

      For example, a 15% NL on top or second top tax bracket will still come in cheaper than a 6% car loan.

      My spreadsheet does all the above calculations in detail and you can verify all the numbers for yourself.

      https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu

      • perthhunter on 31/10/2024 - 14:52
        +2

        Very true - some may not be aware what a game changer FBT-exemption for EV has been for NL.

    • Buy2Much on 31/10/2024 - 15:10

      Lease Plan (owned by SG Fleet) is currently around 7.6%. Not sure if it is employer negotiated rate.

  • swan6 on 31/10/2024 - 14:17
    +2

    Can we get it together with $1000 referral code to order new Tesla?
    Not 100% sure how to order the new car with referral code and through novated lease…
    Will be $4000 off if that works.

    • indecisive1 on 31/10/2024 - 14:26
      +3

      If you click on a referral link and place an order, $700 referral is deducted off the drive away price.
      I'm guessing once you placed an order and go through the process of filling out the details, if you selected novated lease it will deduct $3000 off the final invoice for you to send to your NL company.

      • swan6 on 31/10/2024 - 15:09
        +2

        Thanks indecisive1

  • greennick on 31/10/2024 - 14:18
    -4

    NGL, could never buy a Tesla knowing Musk is going to profit off it, rather give money to the CCP…

      • arcticmonkey on 02/11/2024 - 07:23
        +2

        You don't need to be 'green' to think Musk is a tool.

        • Fredfloresjr on 02/11/2024 - 07:48
          -4

          We don’t buy car because who the boss is, but what the car offers. Only leftist will do the other way.

          Same way we F’d someone’s daughter, we don’t think who the parents are.

          Again, only weirdo will do that. Not buying tesla because Elon is the Ceo.

          Edit: and btw, Greens are weirdo. Tbh

          • Ademos on 03/11/2024 - 20:15
            -1

            @Fredfloresjr: Generally the educated do like to be educated about whom their purchasing choices are supporting, yes.

          • dogboy on 06/11/2024 - 12:05
            -1

            @Fredfloresjr: People who have ethics and a social conscience consider additional factors other than price and function when making purchasing decisions. The fact that you cannot comprehend this says a lot about your education and character.

          • Nom on 06/11/2024 - 19:26
            -1

            @Fredfloresjr:

            We don’t buy car because who the boss is,

            You should absolutely understand the social and ethical implications of the choices you make when you spend money.

            Ever dollar spent, is effectively a vote for how you want things to be.

            Don't fund things you don't like !!!

            • SerialExperience on 21/11/2024 - 21:32
              +1

              @Nom: People acting like they are the kings of social responsibility. I bet your houses are full of Nestle products a truly evil corporation.

    • iand on 31/10/2024 - 14:48
      +2

      Buying a Tesla in Australia gives money to both, last I heard all Australian Teslars were made in China

    • greennick on 31/10/2024 - 15:38
      +3

      Just don't like the bloke, nothing to do with being green or not

    • Minimum chips on 01/11/2024 - 06:09
      +1

      Same. I wanted a model 3 but thought they were overpriced, but right as the price has hit reasonable his toxicity has surged.

      Shame there's no 3rd choice. If Mazda or Subaru was making proper electric cars I'd jump on that. Maybe even a Euro if they were competitive with Chinese EVs, the current price premium doesn't seem worth it.

      • greennick on 01/11/2024 - 12:29

        That's why I like the options from Polestar and Volvo, Euro designs, built in China. Rather competitive with the Teslas after their price drops last year. They feel better, but seem to suffer from the same build quality issues as Tesla that result in issues that need fixing.

  • Repstar on 31/10/2024 - 14:24

    I saw this email. OOOOFTTT. Might be just what I need to persuade Mrs. repstar for the new M3 highland!

    • ilikeit on 31/10/2024 - 20:06

      There is only one M3 and the Tesla isn't it.

  • Bignudge on 31/10/2024 - 14:25
    +1

    I really wanna buy, but I don't want it dropping like 10K from brand new in the next 3 months

    • klaw81 on 31/10/2024 - 14:30

      It's not going to happen like that again. But if you're really concerned about early depreciation, take advantage of it and buy a 1yr old car instead.

      • CantonasKungFuKick on 31/10/2024 - 14:32
        +2

        it likely will given the Juniper model is coming out, I would expect all 2024 model Y's to drop in value by a significant amount once that happens.

        • Fredfloresjr on 31/10/2024 - 14:33
          +4

          This mentality is crazy, might as well wait for Juniper 5, same comment if someone asked should I buy 4090 gpu, "no wait for 5090". This is still the same comment after I built my 4090 last year March. Imagine if I listened lol. YOLO, just buy! If you are buying car and worried about depreciation, go buy a cannondale bike, not a car.

          • JonnyCookieDough on 31/10/2024 - 15:00
            +1

            @Fredfloresjr: Right! Buy the car when you need the car.

          • Ademos on 03/11/2024 - 20:16

            @Fredfloresjr:

            This mentality is crazy

            Yeah, crazy. In the face of almost every other desireable vehicle appreciating in the last 5 years, it's so crazy to not want to buy a lemon that loses half it's shine in the first 1000km's.

    • [Deactivated] on 31/10/2024 - 15:28

      Who cares, are you selling it in 3 months or 3 years? If the answer is yes then don't buy a new car.

  • Jase83 on 31/10/2024 - 14:25
    +9

    Had my Model Y for 15mths on novated lease, done about 26,000kms. Love it, haven't had any issues at all.

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