$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 (3821 clicks)
Last edited 31/10/2024 - 13:47 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.

Referral Links

Referral: random (756)

Referee gets $700 off Model Y & 3 purchase.

Referrer gets $350 credit toward Supercharging, software upgrades, merchandise, service payments or a new vehicle. Limit of 10 referral benefits per calendar year.

Automotive Car Electric Vehicle Novated Lease SUV Tesla Inc

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Comments

    • abs898 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..

      • abs898 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

            @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.

    • May4th 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?

    • abs898 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'

        • abs898 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
      +3

      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

        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

          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 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?

  • 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
      +2

      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.

  • abs898 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.

        • abs898 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.

      • May4th 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.

    • abs898 on 31/10/2024 - 14:13
      +1

      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

        • May4th 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
    +11

    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.

  • koplik8 on 31/10/2024 - 14:17

    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
      +1

      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
      +12

      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
        +1

        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
    -6

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

    • Fredfloresjr on 31/10/2024 - 14:22
      -7

      Typical comment from a Green

    • iand on 31/10/2024 - 14:48

      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
      +2

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

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

      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
        +1

        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
          +5

          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.

    • rickdwp 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
    +8

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

    • starspawn on 31/10/2024 - 14:43
      +1

      What is the game plan though, will you eventually pay it off to keep the car for 5 + years?

      NL to me just seems like paying money for a car you never own?

      • skye89 on 31/10/2024 - 14:47
        +1

        The game plan is to save several thousand of dollars of tax over 5 years and keep that money in the offset or use it elsewhere. My lease saves me $15000 using the FBT EV exemption. No need to pay upfront for the car.

        • rickdwp on 31/10/2024 - 15:39
          -2

          Yeah except it likely isn't - Lease companies screw at every turn to the point unless you are in the 180k+ tax bracket it's very unlikely you'll save anything after paying inflated interest, inflated insurance, inflated fuel/power, inflated tyres/maintenance etc

      • May4th on 31/10/2024 - 14:48

        you can own it if you want to, it's just usually more tax effective to recycle the lease or start a new one. after 5 years the residue value is 30% so it'd be 16-17k to keep the car but most people will sell and lease a new car assuming FBT exemption is extended in 2027

        • changyang1230 on 31/10/2024 - 18:37
          +1

          It kind of depends on
          - whether you "want" or "need" a new car
          - how much the replacement car is worth
          - whether you can still do FBT-exempt NL on this new car
          - how much is your running cost of the now 5-year-old Tesla vs the running cost of this new car.

          Personally if my 5-year-old tesla still services me well, and it continues to enjoy low running cost, then I suspect keeping it instead of NL or buying a new car is a more economical option. In fact, there's also an option of extending the novated lease on a 5-year-old car, and if FBT-exemption is still in place, extending this lease for a few more years will always be cheaper than NL-ing a new EV.

          • May4th on 31/10/2024 - 20:24

            @changyang1230: after 5yrs the residual value would be quite minimal you're more getting deductions on maintenance/insurance etc rather than the vehicle itself.

            I suppose it's a similar fallacy to negative gearing..the more tax you 'save' you have to spend more in the first place

      • Jase83 on 31/10/2024 - 14:55
        +1

        I haven't worked out exactly what I will do when the 3yrs is up. It was my first time leasing a car and I must admit I am not an accounting expert - but based on the public calculators it seems beneficial for a high income full time earner. My novated lease % is about 7.8% from memory. I think a lot of places are quoting a fair bit higher now.

        And like skye89 mentioned, I keep the money I would have spent buying it outright in my mortgage offset.

        • starspawn on 31/10/2024 - 15:06

          So essentially the deposit you would have used towards a traditional car loan, is saved in your offset.

          I am going through the Reddit provided calculator to try and compare traditional car loan to NL to see how it stacks up

          • Jase83 on 31/10/2024 - 15:18
            +1

            @starspawn: I also get a 4.2c per km ATO deduction/rebate (again not an accountant I'm probably using the wrong term). But since I charge for free during the OVO 3hr 11am-2pm window, it costs less than nothing to fill/charge. Obviously not a reason to buy an EV just for that, but a bonus.

            • changyang1230 on 31/10/2024 - 18:34

              @Jase83: Not sure if you realise but even though you are charging for free in reality, you should still claim the 4.2c / km reimbursement as it's effectively a tax-refund for you.

              So overall, your real electricity cost is NEGATIVE i.e. the more you charge the more profit you make from it.

              • Jase83 on 31/10/2024 - 22:15

                @changyang1230: Yep thanks, my lease provider asks for the odometer reading each quarter - then they transfer me the calculated amount.

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

        You can choose to own it at the end by paying the residual, which is about $16k.

        Or roll it over into another new car.

        Or sell it, pay the residual and pocket the difference. Considering 5 year old second hand Tesla's now are still selling for $30k+

    • rickdwp on 31/10/2024 - 15:37

      Also had mine for about 18 months, not notated lease (not supporting those leeches)

      Have had a few issues/critiques:
      - Roof rattling
      - Drivers seat plastic control panel broke off
      - Couple occasions screen hasn't turned on (easily fixed with the restart shortcut on the steering wheel)
      - The non-adjustable driver/passenger headrests are terrible and utterly stupid design
      - Rear headrests hardly move which makes using the tethers on Australian carseats finicky
      - Range is a huge LIE, whatever it claims your range is I would take 35% off
      - Spotify and YouTube music often have connection issues
      - Could really do with lights in the door handles, real pain to find in the dark especially black handles on a black car. They're also super unfriendly if you have any type of hand disability/injury (elderly/arthritis in-particular)

      Otherwise, great car, drives fanatically makes basically any ICE car feel like a slug, is super cheap to run (even with the BS range) and so quite

      • Jase83 on 31/10/2024 - 22:17

        Ah I do have a rattle above 70kmh on really coarse bitumen roads - but I haven't gone to the extent to take the kids seats and my wife's crap out of the storage bins to really narrow down if it's coming from the car and where.

      • klaw81 on 01/11/2024 - 09:16

        I have a Model 3 of similar vintage.

        No issues with roof rattles or screen power, and Youtube Music has worked for me every time I've used it. I agree that the headrests should be adjustable, but I'm okay with their position.

        The door handles appeal to my engineering brain, but I agree that their design is very impractical and non intuitive. The fact that you have to explain to people how to use them is an indication of design failure. And they are near impossible to find in the dark.

        I really like that the screen controls almost everything and keeps the console area totally clean and free of clutter. I wish there was hardware control of the temperature and fan speed - that's my only gripe with the whole control scheme.

        Totally agree with your summary - drives beautifully, the instant torque is addictive, and the low cost of travel and convenience of home charging is amazing. Zero regrets - I have owned a lot of cars and this is easily my favourite.

  • aedeau on 31/10/2024 - 14:33

    "The 2.99% p.a. interest rate (3.99% p.a. comparison rate) offer from Plenti cannot be combined with the $3000 Novated Lease incentive."

    I just got a quote for a shark on a 5 year lease they quoted 11.85%!! crazy.

    • abs898 on 31/10/2024 - 15:22

      Because it's 3000 off with NL.

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