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The benefits of leasing an EV
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A novated lease
that saves you more.
Consumer Car loan
2024 Mercedes-Benz GLE
$0
Total tax savings over 3 years*
Figure is based on
Annual Salary
$140,000
Car value
$63,992
Lease term
3 years
Novated lease with Oly
2024 Mercedes-Benz GLE
$10,200
Total tax savings over 3 years*
Figure is based on
Annual Salary
$130,000
Car value
$63,992
Lease term
3 years
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Benefits of leasing a vehicle with Oly
Happy tax time
Since a part of your payments come out of your pay before the tax does (or all before tax if you get an electric car), you may be taxed less.
Can be cheaper
Oly’s giant network of car dealers all across Australia, you could get a great deal on your new ride. Not only that, with a novated lease there is no upfront GST cost to you.
Everthing's included
Oly gets how frustrating all those car-related bills can be. Petrol, rego, servicing, insurance… boring. That’s why Oly rolls all these expenses into one nifty, regular payment.
Get a quote in 3 min
Need a quote fast? Call one of our friendly consultants today and we’ll help you out!
Why it's worth having...
The comprehensive insurance coverage includes pretty much anything that might happen to your car (or someone else's if an accident is your fault). That includes:
- If your car is damaged by rain, hail, floods, storms, cyclones, earthquakes or Godzilla attacks
- If your beautiful, precious car is stolen
- If your car is vandalised (even if it's by Banksy)
- If you accidentally damage someone else's car with your car
- Hooking you up with a hire car while you wait to get your car back
What's not included...
Driving without a license or under the influence of drugs or alcohol is always a dumb idea, and your insurance won't cover any incidents that happen in those conditions.
You're also not covered if you're using your car to carry passengers in exchange for money or other
remuneration. Which means no turning your car into an Uber.
Got questions? Oly’s got answers
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Explore these categories
EV myths
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A charge doesn’t get you very far
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
A charge doesn’t get you very far
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
It’s too hard to find somewhere to charge them
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
Charging takes too long
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
They’re not powerful enough
Running an EV can cost up to 70% less per km than a standard car. So, while someone driving 15,000kms a year could spend more than $2k on petrol, an EV would only cost $600 for the same distance (depending on your electricity costs, of course).
Novated leasing FAQs
What’s the difference between a novated lease and a car loan?
How does novated leasing work?
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1. Get your quote
If you know the car you want or want to test drive, tell Oly about yourself, and Oly will help you determine your budget for a new car.
2. Oly gets your boss to sign off
Oly will shoot your boss an email explaining the superSeasy steps they need to take to get your novated lease set up.
3. Wait (not long) for approval
In most cases, provided Oly’s got all the necessary info, you’ll get approval within hours.
4. Drive
Pick a playlist, adjust your seat and hit the road.
Request a Call
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Note that our teams are available:
• 9am·5pm AEST Monday· Friday
• 9am·3pm AEST Weekends
This excludes public holidays.
Contemporary design and carefully selected materials characterise every detail of the XC40.
This compact SUV is built for urban life, with a sleek exterior and refreshed design features. Inside the cabin, you’ll see smart storage solutions for bags, laptops and more, plus an expansive panoramic sunroof. The XC40 also includes the world-class safety features Volvo is known for, including a 360 camera and lane assistance technology.
Key Features
- 5 Door SUV
- 82.0 kWh
- AC 300KW Electic Motor
- Front Wheel Drive
- 5 Star ANCAP Safety Rating
About Oly
Wait, what is ‘novated leasing’…?
Okay, it might sound complicated, but novated leasing is just a way of financing a car with a lease – and all those pesky car-related expenses (like petrol, rego, insurance, servicing… everything!) – in one regular automatic payment. And by taking some of that payment out of your salary before tax, you may be left with a lower taxable income. Win-win!
2 minute read time
About Oly
Fast Oly novated leasing facts
- Oly is Australian-owned and operated
- There are already around 350k novated leases in Australia
- Oly is backed by a company with more than 35 years' experience
- Novated leases are the *only* way for employees to take advantage of the government’s Electric Vehicle Discount initiative
- A novated lease could save you thousands of dollars in tax
2 minute read time