Should I get a novated lease or finance for our second electric car?

[EmparSk3nd]

G’day guys,

My partner and I are looking at a second car — she just started working again after being really sick for a few years.

I currently own a 2019 Subaru XV that’s been very, very good to us. I owe about 13k on it from finance (I was young and dumb when I got it). I make roughly 200k a year, and she’s working casual right now.

Would going with an electric car on a novated lease be a good move? We were tossing up the Shark 6, because she wants us to move toward a more hybrid/electric household down the track. And it would work for me and my work/hobbies.

Or would normal finance be the better option?

The alternative is to grab a $2,000 shitbox for her for a while and pay off the Subaru first.

 

[danoodlekingflow]

2k shitbox and any excess funds you have straight paying off the other car loan

 

[QuantumOtter]

200k income u should pay off the subi

 

[offserman]

Small ev, fully pre tax, charge for free at home with solar or 3hr window

 

[joenatehockeymoose]

From what I know, it's truly disheartening that hybrids don't receive the same tax advantages as fully electric vehicles.

 

[Noobraid8]

Ask your accountant.
But once the Novated Lease companies slap on a high interest rate and other fees chances are you're only coming out ahead if you go full BEV.
To make the most of the FBT exemption.

If you want a PHEV?
Probably just better off sorting out a decent finance rate yourself.
And not worrying about a NL.