See How Much You Could Save With A Tesla Novated Lease
Get access to government incentives and tax benefits that cash buyers miss out on. See how much you can save with a Driva novated lease.
4.8 - Reviews 2,157
4.8 - Reviews 1,453
4.7 - Reviews 196
See how much you can save on these popular Tesla models
Savings from reduced income tax payable and GST credits available for leases. Includes all interest and lease costs. Based on $120k salary, 5 year loan term.
Tesla Model 3
Rear-Wheel Drive
From
Save $36,790 compared to
a traditional car loan*
Tesla Model Y
Rear-Wheel Drive
From
Save $38,711 compared to
a traditional car loan*
Tesla Model 3
Premium Long Range
From
Save $41,070 compared to
a traditional car loan*
Tesla Model YL
Premium
From
Save $46,673 compared to a traditional car loan*
Tesla Model Y
Performance
From
Save $52,224 compared to
a traditional car loan*
Tesla Model Y
Rear-Wheel Drive
From
Save $38,711 compared to
a traditional car loan*
Tesla Model 3
Rear-Wheel Drive
From
Save $35,591.40 compared to a traditional car loan*
Tesla Model 3
Rear-Wheel Drive
From
Save $36,790 compared to a traditional car loan*
Tesla Model Y
Rear-Wheel Drive
From
Save $38,711 compared to
a traditional car loan*
Tesla Model 3
Premium Long Range
From
Save $41,070 compared to a traditional car loan*
Tesla Model YL
Premium
From
Save $46,673 compared to a traditional car loan*
Tesla Model Y
Performance
From
Save $52,224 compared to
a traditional car loan*
How does a Driva novated lease work?
A novated lease is an agreement between you, your employer, and LeaseMyTesla that allows you to package a car and related costs (e.g. insurance), into a single payment deducted from your pre-tax salary each pay cycle.
LeaseMyTesla Calculator
Get an indicative quote of repayments and savings in seconds by using our novated calculator
Application
Add a few more details and upload your documents so we can assess your application
Lodgement
We'll work with our lenders to ensure a fast and easy approval process
Settlement
Once approved, digitally sign contracts to finalise your lease
Vehicle pick up
Pick up your new vehicle and we'll handle the payroll set-up with your employer. The payments for your vehicle and its running costs will then come directly from your pre-tax salary at each pay cycle.
Over 900,000 people worldwide trust Driva to find their best rate
A refreshing experience
Mark Orson: I recently financed the purchase of a car through Driva. The great thing about Driva is that they have a number of lending partners to choose from and the options and interest rates for comparison are very transparent.
1 day ago
Just when I was about to give up
Melissa Baker Just when I was about to give up, I reached out to Driva. They have been amazing, they didn't quit until I had approval and they found me the best rate I could have wished for.
6 days ago
Superb, quality service!! 🌟🌟🌟🌟🌟
Sarah P: Excellent service! Super fast response for approval! Will definitely mention to friends and family and use again in the future! Thank you!!
5 days ago
Matt was fantastic
Stephen Powell: Matt was fantastic. It didn't matter that the parameters for the finance kept changing throughout my car search. Driva team comms were clear, concise and they exhibited a professionalism that was accomodating and friendly.
5 days ago
Quick and easy to deal with
Mario Leodra: Thank you Harry and Shaz for their kind assistance to make the transaction easy and pleasant from day 1 to settlement.
3 days ago
A refreshing experience
Mark Orson: I recently financed the purchase of a car through Driva. The great thing about Driva is that they have a number of lending partners to choose from and the options and interest rates for comparison are very transparent.
1 day ago
Just when I was about to give up
Melissa Baker Just when I was about to give up, I reached out to Driva. They have been amazing, they didn't quit until I had approval and they found me the best rate I could have wished for.
5 days ago
Superb, quality service!! 🌟🌟🌟🌟🌟
Sarah P: Excellent service! Super fast response for approval! Will definitely mention to friends and family and use again in the future! Thank you!!
5 days ago
Matt was fantastic
Stephen Powell: Matt was fantastic. It didn't matter that the parameters for the finance kept changing throughout my car search. Driva team comms were clear, concise and they exhibited a professionalism that was accomodating and friendly.
5 days ago
Quick and easy to deal with
Mario Leodra: Thank you Harry and Shaz for their kind assistance to make the transaction easy and pleasant from day 1 to settlement.
3 days ago
REFRESHINGLY GOOD SERVICE!
Wayne: I always felt like Driva was working with me to try and get me the loan I was after and this made the whole process virtually stress free.
8 days ago
Real people, wanting the best for you
Brendan Murray: Being new to applying for a loan, things seemed a little daunting at first. I wasn't sure what I was in for. I was very lucky enough to have the helping hands of Shaz & Andrew from Driva, to guide me through a very smooth process in attaining a car loan.
7 days ago
From start to settlement - the best lending experience I have every had
Sharon Harris: From the very beginning, every person I dealt with at Driva was fantastic. They are extremely knowledgeable, and provided me with some amazing rate quotes and lender options.
10 days ago
Highly Recommend Driva to anyone
Tony Woodward: The process was simple and easy with a great selection of vendors, you are always kept update with your loan progress, once pre approved Driva follows up with phone call with fantastic phone manners to finalise your application.
9 days ago
DRIVA NAILED IT
Raymond Youngman: We found Driva by accident and applied to finance our new car from them . Literally the best decision we ever made.
7 days ago
REFRESHINGLY GOOD SERVICE!
Wayne: I always felt like Driva was working with me to try and get me the loan I was after and this made the whole process virtually stress free.
8 days ago
Real people, wanting the best for you
Brendan Murray: Being new to applying for a loan, things seemed a little daunting at first. I wasn't sure what I was in for. I was very lucky enough to have the helping hands of Shaz & Andrew from Driva, to guide me through a very smooth process in attaining a car loan.
5 days ago
From start to settlement - the best lending experience I have every had
Sharon Harris: From the very beginning, every person I dealt with at Driva was fantastic. They are extremely knowledgeable, and provided me with some amazing rate quotes and lender options.
10 days ago
Highly Recommend Driva to anyone
Tony Woodward: The process was simple and easy with a great selection of vendors, you are always kept update with your loan progress, once pre approved Driva follows up with phone call with fantastic phone manners to finalise your application.
9 days ago
DRIVA NAILED IT
Raymond Youngman: We found Driva by accident and applied to finance our new car from them . Literally the best decision we ever made.
7 days ago
A refreshing experience
Mark Orson: I recently financed the purchase of a car through Driva. The great thing about Driva is that they have a number of lending partners to choose from and the options and interest rates for comparison are very transparent.
1 day ago
Just when I was about to give up
Melissa Baker Just when I was about to give up, I reached out to Driva. They have been amazing, they didn't quit until I had approval and they found me the best rate I could have wished for.
5 days ago
Superb, quality service!! 🌟🌟🌟🌟🌟
Sarah P: Excellent service! Super fast response for approval! Will definitely mention to friends and family and use again in the future! Thank you!!
5 days ago
Matt was fantastic
Stephen Powell: Matt was fantastic. It didn't matter that the parameters for the finance kept changing throughout my car search. Driva team comms were clear, concise and they exhibited a professionalism that was accomodating and friendly.
5 days ago
Quick and easy to deal with
Mario Leodra: Thank you Harry and Shaz for their kind assistance to make the transaction easy and pleasant from day 1 to settlement.
3 days ago
REFRESHINGLY GOOD SERVICE!
Wayne: I always felt like Driva was working with me to try and get me the loan I was after and this made the whole process virtually stress free.
8 days ago
Real people, wanting the best for you
Brendan Murray: Being new to applying for a loan, things seemed a little daunting at first. I wasn't sure what I was in for. I was very lucky enough to have the helping hands of Shaz & Andrew from Driva, to guide me through a very smooth process in attaining a car loan.
5 days ago
From start to settlement - the best lending experience I have every had
Sharon Harris: From the very beginning, every person I dealt with at Driva was fantastic. They are extremely knowledgeable, and provided me with some amazing rate quotes and lender options.
10 days ago
Highly Recommend Driva to anyone
Tony Woodward: The process was simple and easy with a great selection of vendors, you are always kept update with your loan progress, once pre approved Driva follows up with phone call with fantastic phone manners to finalise your application.
9 days ago
DRIVA NAILED IT
Raymond Youngman: We found Driva by accident and applied to finance our new car from them . Literally the best decision we ever made.
7 days ago
A refreshing experience
Mark Orson: I recently financed the purchase of a car through Driva. The great thing about Driva is that they have a number of lending partners to choose from and the options and interest rates for comparison are very transparent.
1 day ago
Just when I was about to give up
Melissa Baker Just when I was about to give up, I reached out to Driva. They have been amazing, they didn't quit until I had approval and they found me the best rate I could have wished for.
5 days ago
Superb, quality service!! 🌟🌟🌟🌟🌟
Sarah P: Excellent service! Super fast response for approval! Will definitely mention to friends and family and use again in the future! Thank you!!
5 days ago
Matt was fantastic
Stephen Powell: Matt was fantastic. It didn't matter that the parameters for the finance kept changing throughout my car search. Driva team comms were clear, concise and they exhibited a professionalism that was accomodating and friendly.
5 days ago
Quick and easy to deal with
Mario Leodra: Thank you Harry and Shaz for their kind assistance to make the transaction easy and pleasant from day 1 to settlement.
3 days ago
REFRESHINGLY GOOD SERVICE!
Wayne: I always felt like Driva was working with me to try and get me the loan I was after and this made the whole process virtually stress free.
8 days ago
Real people, wanting the best for you
Brendan Murray: Being new to applying for a loan, things seemed a little daunting at first. I wasn't sure what I was in for. I was very lucky enough to have the helping hands of Shaz & Andrew from Driva, to guide me through a very smooth process in attaining a car loan.
5 days ago
From start to settlement - the best lending experience I have every had
Sharon Harris: From the very beginning, every person I dealt with at Driva was fantastic. They are extremely knowledgeable, and provided me with some amazing rate quotes and lender options.
10 days ago
Highly Recommend Driva to anyone
Tony Woodward: The process was simple and easy with a great selection of vendors, you are always kept update with your loan progress, once pre approved Driva follows up with phone call with fantastic phone manners to finalise your application.
9 days ago
DRIVA NAILED IT
Raymond Youngman: We found Driva by accident and applied to finance our new car from them . Literally the best decision we ever made.
7 days ago
How is Driva different?
Taking the vagueness away from novated leasing.
Feature
Traditional Leaser
Best price promise**
No hidden fees
Flexible packaging option
Fully digital experience
No employer onboarding cost
No exclusive lock-in contract for your employer
Best price promise
We're confident we can find you the lowest monthly repayment. If you find a better repayment elsewhere, we’ll match it and you’ll get a $300 gift voucher. If we can’t, you’ll walk away with the voucher, obligation free!
T&Cs apply*
Have a question?
What does my employer need to do?
The requirements from your employer are minimal. They only need to read and sign some basic documentation and add the deductions to your payroll template. In total, it takes 5-10 minutes. Additionally, employers hold none of the liability of the lease and bear no cost.
Will my employer agree?
If your employer has never done a novated lease before, they may have questions on how it all works, how it impacts them, and how to set it up correctly. The good news is there is no cost or liability that falls onto your employer. Our dedicated novated lease team is always here to assist your employer or you directly to explain the finer details.
Do I have to use my employer’s preferred novated lease supplier(s)?
In some cases, your employment contract specifies that you have to use their novated lease supplier, or they might be locked up in an exclusive agreement. But if not, you should have the choice to source a more competitive option for your novated lease via LeaseMyTesla.
I am looking at changing my job, but want to keep my lease with the new employer. Is this possible?
If your new employer offers novated leasing or is willing to offer it, you will be able to transfer the lease across without paying out your loan or refinancing, and with all the same benefits.
How do you decide the budgets for my running costs?
At Driva, we use a budget model that takes into account the vehicle type, servicing requirements, annual kilometres, historical data, and several other factors. We typically apply this estimated budget to your lease package or, if you prefer, we can incorporate your actual running costs at your discretion. Our goal is to ensure the correct budgets are set from the start, tailored to your specific needs. However, if adjustments are needed, it’s no problem—we can update the budget at any time during the lease.
What happens at the end of my novated lease?
You have several options at the end of your novated lease:
- Upgrade to a new Tesla: When your lease ends, consider upgrading to the latest Tesla model. We'll assist you in trading in your current vehicle, ensuring you receive a seamless trade-in experience.
- Sell Your Car Privately: If you prefer to manage the sale yourself, selling your car privately can yield a higher return. This option might be suitable if you're not in a hurry and are looking for the best possible price, though it requires more effort on your part.
- Refinance Your Tesla: If you’ve grown attached to your Tesla and aren’t ready to part with it, you can choose to refinance. This extends your lease term based on the reduced residual value while keeping your running costs consistent based on your annual mileage. Refinancing is perfect if you want to keep enjoying your Tesla for a few more years before making a new vehicle decision.
- Purchase Your Tesla: Alternatively, you can buy your Tesla outright by paying the residual value to the financier at the end of your lease. Opting for this means you’ll own your car completely, although you will lose the tax benefits associated with novated leasing. This option is ideal if you are ending your employment or wish to hold on to your Tesla without further lease obligations.