Go to Flare fast to lease a PHEV for less

Benefit from tax savings on an eligible plug-in hybrid electric vehicle (PHEV) before it’s too late, plus get $500 cashback from Flare Cars. T&C’s apply.

Go to Flare fast to lease a PHEV for less

Save on tax, get $500 cashback

If you’ve been thinking about a PHEV, you need to move fast.

Tax savings on PHEVs are expiring soon! Switch to a more sustainable vehicle before 1 April 2025, and you’ll also receive $500 cashback from Flare Cars.

Why go plug-in-hybrid?

A PHEV is a great choice if you’re keen on going electric, but may not be ready to go full battery just yet.

Popular with Flare Cars drivers, PHEVs can run on battery power for zero-emission, shorter commutes, with the convenience of switching to hybrid mode for longer trips, or when the battery is low.

FBT savings on PHEVs

Eligible electric vehicles are exempt from FBT, reducing costs by thousands every year

The fringe benefits tax exemption was introduced by the Federal Government in 2022 to drive EV adoption, with PHEV eligibility set to expire on 1 April 2025
After that date, only zero-emission (fully electric) vehicles will be eligible. The ATO has clarified the exemption will still apply to the existing agreement if you commence a novated lease before the deadline
Your PHEV must be priced under the luxury car tax (LCT) threshold of $91,387 to be eligible for the FBT exemption, plus you’ll have to take delivery of your car before the deadline -- and some cars can take some time to arrive!

Eligible PHEVs

Browse our top picks of FBT-exempt PHEVs below and fill out the form to receive a customised quote.

		Before 1 April 2025		From 1 April 2025
Make	Model	Weekly cost	Total savings	Weekly cost	Total savings	Get quote
BYD	Sealion 6 Dynamic	$178	$33,100	$250	$14,347	Get quote
BYD	Shark 6	$218	$40,379	$303	$18,214	Get quote
Cupra	Formentor VZe	$216	$49,044	$300	$27,219	Get quote
Mazda	CX-60 Evolve	$229	$42,331	$317	$19,428	Get quote
Mitsubishi	Eclipse Cross ES	$188	$41,779	$255	$20,162	Get quote
Mitsubishi	Outlander ES	$212	$37,549	$295	$20,343	Get quote
Mazda	CX-80 Azami	$303	$59,838	$427	$27,731	Get quote

Actual savings depend on your circumstances. Estimates in the table above assume a person has a gross annual salary of $85,000, a 60-month lease term, mileage of 15,000kms p/a and purchases a vehicle in NSW with typical running cost inclusions. Information provided is of a general nature only. We have not taken your personal financial objectives, situation, or needs into account. We recommend you seek independent, professional advice before making financial decisions, including tax advice to understand the tax impacts a novated lease arrangement may have on your circumstances.

Fast-moving tax savings on PHEVs

Mazda CX-60 – P50E Evolve

$229^ Per week

$58,118.00 Tax savings

8 SP Auto
Direct fuel inject
PHEV

Request a quote

BYD Seal

$180^ Per week

$33,533.00 Tax savings

1 SP Auto
4D Sedan
Dynamic, Premium, Performance

Request a quote

Cupra Formentor – PHEV

$216^ Per week

$49,044.00 Tax savings

6 SP Auto
4cy, 2.0L Turbo Engine
FWD

Request a quote

BYD Sealion 6

$178^ Per week

$33,100.00 Tax savings

Panoramic Sunroof
Wireless Apple Car play and Android auto
Heated and ventilated front seats

Request a quote

Mitsubishi Outlander PHEV – AWD

$212^ Per week

$41,780.00 Tax savings

1 SP Auto
Outlander PHEV
AWD

Request a quote

Mazda CX-80 Azami AWD PHEV

$303^ Per week

$59,838.00 Tax savings

Lower emissions
Pure EV range up to 65 kms
6/7 seater

Request a quote

Got questions?

We’ve got answers

What is FBT?

Fringe benefits are extra perks offered to employees in addition to their salary which include benefits like discounted loans, childcare fee reimbursements and novated car leases. These benefits are offered as part of their salary package to either compensate for work-related costs, or make the position more attractive or the job more rewarding.

These perks are subject to Fringe Benefits Tax (FBT), as regulated by the ATO. FBT applies even if the benefit is provided by a third party and is separate to income tax as it is calculated on the taxable value of the fringe benefit.

You can read more about FBT here.

What is a PHEV?

A plug-in hybrid electric vehicle (PHEV) comes with both a traditional combustion engine and a battery. Like standard hybrid electric vehicles, the battery can be charged by the petrol engine and regenerative braking. Once the battery is depleted the vehicle will automatically switch to the internal combustion engine. Unlike standard hybrid EVs, the battery can also be charged from an electric power source.

Can I pay no FBT on a PHEV after 1 April 2025?

Yes, you can still benefit from the FBT exemption but only if your lease agreement with Flare Cars commences before 1st April 2025 and meets the standard eligibility criteria.

How much is the FBT on a PHEV?

If FBT is payable on a PHEV, it is charged at 47% of the taxable value of the benefit.

How long can I benefit from the FBT exemption on an eligible PHEV?

You can continue to receive the benefit of paying no FBT on an eligible PHEV if you start your lease prior to 1st April 2025 throughout the entire period of your lease duration. The maximum lease duration is 5 years with Flare Cars.

What is an eligible PHEV?

To be eligible for the FBT exemption, the plug-in hybrid electric vehicle’s value as per the first retail sale must be below the fuel-efficient vehicle’s Luxury Car Tax (LCT) threshold. For the 2024/25 financial year that is $91,387. The FBT exemption can also apply to second hand vehicles. The exemption applies to fringe benefits on an eligible vehicle that is first held and used on or after 1st July 2022.

Does this change affect BEVs?

These FBT changes in April 2025 to the bill do not affect pure electric vehicles or BEVs (Battery-electric vehicles). BEVs are powered by rechargeable battery packs and unlike a PHEV have no secondary source of power. The FBT exemption will continue to apply on these vehicle types.

What happens if I leave my employment during the lease period?

You won’t be eligible for the FBT exemption from the time there is a change of employer. Any change of employer for FBT purposes, even within the same group of companies, is a new commitment to the application or availability of the car by the new employer. You can read more about when eligibility for the FBT exemption can cease on the ATO website.

Get started

Contact the Flare Cars team

Fill in this quick form and we’ll be in touch shortly with a quote.

^ Novated lease payments are made from your pre-tax salary, which will reduce your take-home pay.
Actual savings depend on your circumstances. Estimates are based on a Gross Annual Salary of $85K, 60-month lease, mileage of 15,000km per annum, and a vehicle purchased in NSW with typical running cost inclusions. Information provided is of a general nature only and we have not taken your personal financial objectives, situation, or needs into account. We recommend you seek independent, professional financial advice before making any financial decisions regarding a novated lease, including tax advice to understand the tax impacts a novated lease arrangement may have on your circumstances.

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Go to Flare fast to lease a PHEV for less

Go to Flare fast to lease a PHEV for less

If you’ve been thinking about a PHEV, you need to move fast.

Tax savings on PHEVs are expiring soon! Switch to a more sustainable vehicle before 1 April 2025, and you’ll also receive $500 cashback from Flare Cars.

A PHEV is a great choice if you’re keen on going electric, but may not be ready to go full battery just yet.

Popular with Flare Cars drivers, PHEVs can run on battery power for zero-emission, shorter commutes, with the convenience of switching to hybrid mode for longer trips, or when the battery is low.

Eligible electric vehicles are exempt from FBT, reducing costs by thousands every year

Eligible PHEVs

Fast-moving tax savings on PHEVs

Mazda CX-60 – P50E Evolve

BYD Seal

Cupra Formentor – PHEV

BYD Sealion 6

Mitsubishi Outlander PHEV – AWD

Mazda CX-80 Azami AWD PHEV

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