Novated EV subscription

A flexible, tax effective way to salary package on EV!

  • Corporate businesses can register and unlock staff benefits for FREE
  • Removes the financial and contractual burden of traditional leasing models
  • Staff can save on GST and potentially obtain tax benefits by salary sacrificing
  • Free access to customised communications and imagery

Register your interest

By clicking the "Register my interest" button you acknowledge that you have read and agree to abide by carbar's privacy policy and terms and conditions*

How to register for a novated lease or subscription?

1.

Register your business

Even if you just have a few staff, or even one, offering a novated lease/subscription can offer an employee the chance to drive their dream car and save on tax!

2.

Staff sign up via Business / Employee Benefits

Once a business is registered, staff can sign up to register their interest and one of our novated specialists will explain the process and place the order.

3.

HR approves order and payment is made via Payroll

Once approved, payments will be paid by payroll using a combination of your pre and post-tax salary.

4.

Staff enjoy all the perks from carbar

A fully maintained car with the flexibility to stop and swap with 2 weeks notice.

Why choose salary sacrifice for a car subscription?

A traditional novated lease allows you to finance a car while reducing your taxable income using a salary sacrifice scheme with your employer. However, generally if you lose or change jobs, you must continue either making repayments to the finance company or terminate the lease agreement altogether. You'll need to pay any early exit fees that may be charged, plus the residual value of the vehicle.

A novated car subscription provides the same benefits as a novated lease in terms of salary packaging and tax deductions with the flexibility of being able to end the subscription with just two weeks' notice. You can choose to continue your subscription and there are no exit fees or hidden charges.

Why salary sacrifice

Convenient, all-inclusive price

Enjoy complete peace of mind with all key operating and running costs wrapped up into a simple weekly payment. Tolls and infringements excluded.

Flexible - no lock-in contracts

If you need to go overseas for a promotion or a bigger car for a growing family, carbar only needs 2 weeks notice to change or end your subscription.

Simple, hassle-free

We offer a personalised service that is simple and straightforward, a theme that will continue throughout the subscription.

Staff save money

As subscription and fuel costs are typically passed back to the employer to pay this expense via payroll, subscribers pay less through a novated subscription service.

Potential tax benefits

Instead of paying with money you have left over after tax, your subscription is paid with funds from a combination of your pre and post-tax salary.

Potential FBT exemption

There could be further savings for eligible cars that are zero or low emissions vehicles that are exempt from Fringe Benefits Tax (FBT) and first held and used after 1 July 2022*

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding.

Get into an electric vehicle now with carbar's novated subscription

See the latest range of EV's we have available to order, from a mini hatch or compact SUV to full size SUV. We also have the ability to source other makes and models for you, simply enquire now.

Vehicle image

2023 Tesla Model 3 Standard Range

Range 491kms,
5-Door,
Sedan

Subscription price

$475

plus $2,750 upfront fee

Novated price

Year 1 - Price $293

Year 2 - Price $263

& $0 upfront fee
Vehicle image

2023 Tesla Model Y Standard Range

Range 455kms,
5-Door,
SUV

Subscription price

$527

plus $3,083 upfront fee

Novated price

Year 1 - Price $325

Year 2 - Price $292

& $0 upfront fee
Vehicle image

2023 BYD Atto 3 Extended Range

Range 480kms,
5-Door,
SUV

Subscription price

$451

plus $2,460 upfront fee

Novated price

Year 1 - Price $276

Year 2 - Price $250

& $0 upfront fee
Vehicle image

2023 Kia EV6 Air

Range 528kms,
5-Door,
SUV

Subscription price

$572

plus $3,363 upfront fee

Novated price

Year 1 - Price $353

Year 2 - Price $317

& $0 upfront fee
Vehicle image

2023 MG ZS

Range 320kms,
5-Door,
SUV

Subscription price

$433

plus $2,353 upfront fee

Novated price

Year 1 - Price $265

Year 2 - Price $240

& $0 upfront fee
Vehicle image

2023 Hyundai Ioniq 6

Range 519kms,
5-Door,
Sedan

Subscription price

$578

plus $3,405 upfront fee

Novated price

Year 1 - Price $357

Year 2 - Price $321

& $0 upfront fee
* Vehicle calculations are examples only and based on a tax rate of 39% (37% tax 2% Medicare levy), exact prices will vary based on individual income and circumstances. For further information on pricing enquire now and one of our team of specialists will be in touch
* Upfront fee for novated is amortised over the first year of subscription

Frequently asked questions

novated EV car subscription

A novated subscription is an arrangement between you, your employer and a car subscription company, whereby your employer agrees to pay for your car subscription out of your salary (also known as salary packaging).

This can be a great way to get a new car without having to worry about the financial side of things, as everything is taken care of through your salary. It will give you the chance to have all of the perks of traditional car ownership without the price tag included.

If you need or want convenience and flexibility, it is definitely worth considering newer alternatives to the traditional novated leasing options.

A novated subscription is a type of car subscription where you effectively lease a fully maintained car through your employer. The benefits of this arrangement are that your employer can sacrifice a portion of your salary (pre- and post-tax) to cover the cost of the car subscription.

Because it is being run through a business, you immediately save on GST and depending on your circumstances, could save through pre- and post-tax contributions. This effectively gives you all the benefits of a fully maintained car while potentially reducing the amount of tax you pay. There could be further savings for eligible cars that are zero or low emissions vehicles that are exempt from Fringe Benefits Tax (FBT) and first held and used after 1 July 2022*

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding

There are a lot of different options out there when it comes to car ownership, and more and more people are opting for car subscriptions instead of traditional methods like financing, novated leasing or buying.

So, what exactly is a novated car subscription?

Put simply, a novated car subscription is basically a salary sacrifice arrangement where you get your employer to cover the cost of your car. Rather than pay for your car with post tax income, you pay through payroll with a combination of pre- and post-tax salary. This way you can reduce the amount of taxable income you will pay and could save money on tax.

Because car subscription rolls all costs of car ownership into a simple weekly payment, you could save money (GST and tax-savings) across car, registration, insurance, maintenance and servicing costs.

There’s no need to feel overwhelmed when researching how to apply for a novated car subscription. The process is actually quite simple and can be easily completed in just a few steps.

First, you will need to talk to your employer as they will need to sign an agreement with carbar to offer this benefit through payroll. Once the employer agreements are signed, you will need to register your interest using the form below. We'll then help you find the make and model of car that you’re interested in, share the calculations for your weekly pricing and if you're happy, submit your order.

If your employer approves the order, we’ll work to secure the car and organise for it to be picked up or delivered to you. Payroll will pay your subscription and you get some new wheels. It’s that easy.

When it comes to a carbar car subscription, you can stop or swap with just 2 weeks notice.

At the end of a novated EV subscription, it is important to finalise your arrangement with your employer also. Your novated car subscription is pretty straightforward and easy - once you wish to stop, you can simply end the subscription after two weeks and hand over the keys.

Many people choose to extend their subscriptions, but most importantly, when you end your novated car subscription, you won't be left with a huge bill or anything like that.

It’s just an easy way to keep driving a car without having to worry about ownership.

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