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fingos-blog · 2 months

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Unlock the Benefits of a Novated Lease for Your Electric Car

Discover the Advantages of a Novated Lease Electric Car with Fingo

Introduction: As the world transitions towards sustainable transportation, electric cars have emerged as a popular choice for environmentally conscious individuals. Fingo specializes in offering novated lease solutions for electric cars, empowering you to enjoy the benefits of driving an eco-friendly vehicle while maximizing tax savings and minimizing costs. In this blog post, we'll explore the concept of a novated lease for electric cars and why Fingo is your ideal partner for securing one.

Understanding Novated Lease Electric Cars:

A novated lease is a type of car finance arrangement that allows employees to lease a vehicle using pre-tax income, with the lease payments deducted directly from their salary. When it comes to electric cars, a novated lease offers several advantages:

Tax Savings: One of the primary benefits of a novated lease for electric cars is the potential tax savings. As the lease payments are deducted from your pre-tax income, you can lower your taxable income and reduce your overall tax liability. This can result in significant savings over the lease term.

Cost Savings: Electric cars are known for their lower operating costs compared to traditional petrol or diesel vehicles. With a novated lease, you can enjoy the cost savings associated with electric cars, including reduced fuel expenses, lower maintenance costs, and potential government incentives or rebates for electric vehicle ownership.

Environmental Benefits: By choosing an electric car through a novated lease, you're contributing to a cleaner and greener environment. Electric cars produce zero tailpipe emissions, helping reduce air pollution, greenhouse gas emissions, and dependence on fossil fuels. Driving an electric car is a sustainable choice that aligns with your commitment to environmental stewardship.

Convenience and Flexibility: With a novated lease, you have the flexibility to choose the electric car model that best suits your needs and preferences. Whether you're interested in a compact city car, a spacious SUV, or a high-performance electric vehicle, Fingo offers a wide range of options to meet your requirements. Plus, the lease payments cover all associated costs, including registration, insurance, servicing, and roadside assistance, making budgeting simple and hassle-free.

Why Choose Fingo for Your Novated Lease Electric Car?

Expert Guidance: Fingo's team of experienced finance professionals specializes in novated leasing and electric cars. We'll guide you through the process, answer your questions, and help you make informed decisions about your lease options.

Extensive Network: Fingo has partnerships with leading car dealerships and manufacturers, giving you access to a wide selection of electric car models from trusted brands. Whether you prefer a Tesla, Nissan Leaf, Hyundai Kona Electric, or any other electric vehicle, we can help you find the perfect match.

Personalized Solutions: We understand that every individual's circumstances are unique. That's why we offer personalized novated lease solutions tailored to your specific needs, budget, and lifestyle. Our goal is to provide you with a seamless and stress-free leasing experience.

Ongoing Support: Fingo is committed to providing ongoing support and assistance throughout your novated lease term. From lease setup to vehicle delivery and beyond, we're here to ensure that your experience with Fingo is smooth, transparent, and rewarding.

Conclusion: In conclusion, Fingo offers a convenient and cost-effective way to drive an electric car through a novated lease. With tax savings, environmental benefits, and personalized service, Fingo makes it easy for you to enjoy the advantages of electric vehicle ownership while saving money and reducing your carbon footprint. Contact Fingo today to learn more about our novated lease electric car options and take the first step towards a sustainable and rewarding driving experience.

Click Here For More Information : https://www.fingo.com.au/novated-lease-electric-car/

Phone : 1300 134 646

Email : [email protected]

Address: 10-14 cochranes road, moorabbin vic 3189

#novated lease electric car #fbt electric vehicles #ev fbt exemption #novated lease fbt #novated lease fbt exempt #fbt exemption electric vehicles #ev novated lease #cheap electric car lease

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don-lichterman · 2 years

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Electric vehicles 'could be as cheap as combustion-engine cars' with these tax breaks

Electric vehicles ‘could be as cheap as combustion-engine cars’ with these tax breaks

Australia’s electric vehicle (EV) uptake is lagging, but tax experts say they have a “silver bullet solution” that would both drive sales and help increase the supply of cheaper second-hand EVs. Key points: Business fleets account for 40 per cent of light vehicle sales, but almost none of these are EVs Federal taxation laws act as a disincentive, experts say Changing this could rapidly drive EV…

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#business fleets #combustion-engine vehicles #electric cars #electric vehicles #EVs #fbt #Featured #kona #petrol cost #tax breaks #Tesla #tradies Utes

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fleetcare · 6 months

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What’s required to transition to electric vehicles?

Adding an electric vehicle (or two) to your fleet five years ago was easy. All you needed to do was purchase the vehicle and arrange for the installation of one charging station. For most organisations it was only a trial and no one was thinking about how to transition their entire fleet.

In 2023, the world has changed. Government agencies and publicly listed companies are in the spotlight for the emissions they generate, and transport is one of the major contributors to CO2. Fleet Managers can still trial EVs, though it needs to be part of a plan to transition the entire fleet to zero emission vehicles within five or ten years.

When purchasing twenty or more electric vehicles for various applications with the charging infrastructure to support to them, it will stretch the capability and capacity of the team responsible for running the traditional Internal Combustion Engine (ICE) fleet. The fleet team will need to update their skills and knowledge and adapt to a new era of fleet management.

Where to start?

If you’re in the fleet team and feeling overwhelmed by an impending EV transition, the best place to start is with drivers and leaders within your business that are EV enthusiasts. These internal champions will be happy to join the project and work through the challenges. They’ll see the issues as opportunities and encourage other staff to get involved.

You can also lean on suppliers and business partners for tips and advice. Every fleet that has started the transition to electric vehicles has made mistakes and most are happy to share what they have learnt to help other organisations through the transition.

Don’t underestimate the challenge

Converting a fleet to zero or low emissions vehicles (ZLEV) is a massive project that will touch all parts of the business requiring several hard conversations about capital and operational budgets, fleet optimisation and sustainability targets.

With the replacement of an ICE vehicle, the fleet team will decide on the vehicle, confirm the requirements with operations and raise a purchase order for an established supplier. Once the vehicle is delivered, a fuel card is issued and that’s it for another five years.

Starting an EV transition reverses this process and may paralyse some organisations as the number of stakeholders being consulted grows with each new step.

Here’s some of helpful steps to purchase your first electric vehicle:

Develop a sustainability plan that includes a target to reduce fleet emissions.

Conduct an analysis of your fleet to identify which vehicles can be replaced with electric vehicles.

Decide on a process for charging vehicles: Onsite at the workplace; Journey — charging on the go using a network similar to a fuel card’s at the workplace; At the employee’s home.

Update fleet policies to reflect the new sustainability plan to include things like: When and how to charge the vehicle; The impacts of the FBT exemption and information on Reportable FBT; Eco driving tips and how to use regenerative braking.

Communicate the sustainability plan and new fleet policy to all staff.

Implement staff education and EV awareness programs.

Place the order for the new electric vehicle.

Not everyone is ready

Developing a transition plan doesn’t require you to purchase electric vehicles in 2023. It’s a starting point that can be adapted and updated to suit the needs of the organisation and changes in technology.

After conducting some initial investigations and analysis, the plan might involve purchasing hybrids or reducing the fleet size. It might involve installing solar panels on buildings to support onsite EV charging in five years. For fleets with light commercials and trucks, there may be no viable options available in the market, so the plan is to sit tight for a few years.

Unless the organisation wants to be an early adopter with zero emission vehicles, a plan may be all a Fleet Manager needs at this early stage of the EV transition.

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eridesolutionsau · 4 years

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Riding through the Pandemic: How Electric Bikes Help in Battling COVID-19

For the last 3 months, the world has been on a stand-still. As government-imposed lockdowns spread across the country in the midst of the COVID-19 pandemic, people have been looking left and right for alternatives to cope with the “new normal”.

One aspect that has seen so much change is in the means of transportation. The drastic measures implemented have presented challenges for front liners, and those who have essential errands to run on the daily. While there are some who just resort to walking to get to their destination, there are also those who took advantage of the situation and invested in their own electric rideable such as electric bikes.

Riding Through the Pandemic

Over the course of the last few months, the world has seen small to big businesses suffer. As some people were staying at home, trying to make ends meet, many patrons of the electric bicycle industry feared that it would be the end for start-ups that sprung over the past few years. But as the need for new modes of transportation increased, so did the demand for e-bikes.

How was this possible?That is the question we will answer in this article.

How E-Bikes help in Battling COVID-19

Going from one place to another might be one of the biggest challenges this pandemic had to offer, not just for those in the front lines, but to certain individuals as well. While the general rule is to stay at home as much as we can, there are still times when people have to go out and run essential errands like grocery shopping. There are also those who are still required to go to work and those who work in food and essentials delivery.

Mobility is essential to frontline workers. Because of the restrictions in transportation, the electric bicycle industry has seen growth in its sales amidst this global crisis. Some people are convinced that going electric is the safer way to go, and here are some of the reasons why.

Social Distancing can be implemented. Ever since the outbreak of the COVID-19 pandemic, social and physical distancing had been religiously observed. This means that individuals are ordered to keep a safe distance from one another to prevent getting infected. This is the reason why public transportation such as buses and trains are allowing only a small number of people to board. That in mind, biking is believed to be an excellent way to observe social distancing guidelines, as long as you are riding it alone. There are electric commuter bikes present in the market at an affordable price, and it could be one of the most practical buys you’re going to make at this time.

Essential workers get to their destination faster and easier. Due to the limited number of public utility vehicles allowed to operate, essential workers find it hard to get to work on time. But with their own electric road bike, traveling can be done faster and easier. There are specialized electric bikes that boast high-speed features. This will lessen your travel time, and increase your productivity for the day. If it does run out of power, you can just plug it at your workplace or bring an extra pedal for that additional exercise.

E-Bikes can be owned, not shared. There are companies and local government units that have resorted to bike and scooter share in attempts to provide transportation for their employees, but it is proven that this is not that safe either. Studies have shown that the virus can thrive even on plastic and steel surfaces for days. If someone infected uses a shared bike or scooter without proper protection, the next user might contract it as well. With an owned electric bike, you lessen the risk of exposure as you only use it yourself.

Going electric can save the environment from more damage. As lockdowns clear the air, there must be one beneficiary, and that is our planet. In cities like the Gold Coast in Australia, there has been an evident improvement in air quality. We can keep this track and continue on finding eco-friendly ways even after the lockdowns have been lifted. E-bikes are known alternatives for a more environmental-friendly way of travel. More and more are discovering this benefit, and now is a good time to take advantage of that fact.

E-cycling can provide moderate exercise. One thing that medical experts advise us during this pandemic is to make sure that we are healthy inside and out. This is why a lot has taken the opportunity to start working out at home, and eventually go running as the restrictions eased. However, e-cycling can also be a form of exercise one can do at this time. Given the many health benefits of e-bikes, this technology can certainly be used to help boost one’s immune system and build resilience. For this, there is a variety of electric mountain bikes or city bikes with different modes of pedal support. You can adjust this feature to your preference, and change the level of pedaling ease to a lower mode if you want a more challenging ride.

Electric Cycling and Its Positive Benefits to the Economy

As the world’s economy hangs by a thread, there is also a silver lining that can be seen. Although presented with challenges to get around the city, go to work, or to school, people have turned to e-cycling as a reliable option to fill the voids.

In Australia, there is an option for businesses to purchase e-bikes for their staff as an FBT exempt fringe benefit. This means that employees can be given access to an alternative so they can go to work, given the circumstance. This way, companies can also retain “quality staff who are healthy and productive”. Companies can now take advantage of this system, in order to stay on top of their business, and still be able to provide jobs for their staff now that they need it most.

With small to big establishments shutting down, the electric bike industry has shown a promising turnout, which can lead to a better future for the trade. It is now more recognized for being the amazing and convenient transportation alternative that it always has been. According to the World Resources Institute, “cycling emerges as a resilient way to stay connected”. This shows that there is an impact made by e-bike store owners and patrons in this time of struggle.

With the help of affordable electric rideable, people are able to commit to their duties and economic responsibilities even when facing such crises.

Top Electric Mobility Equipment Brands You Can Consider

Aside from electric bikes, there are also other forms of transportation that one can opt for. There are also electric scooters that are getting popular these days. With its sleek and lightweight design, you can glide through any kind of traffic and get to your destination quicker than usual.

Hoverboards, which before seemed just fancy versions of skateboards, are now making waves in the e-ride industry as well.

Here are three of the best brands you can count on when looking for the best e-ride for you.

Kristall Electric Bikes- Kristall’s e-bikes might share the same aesthetics as your usual bicycle, but there’s more than what meets the eye when it comes to these sweet city bikes. This brand offers high-quality e-rides at such affordable prices. You can purchase your own ride from trusted online partners, and some of them are usually on sale.

Zero Electric Scooters- Riding comfort, amazing battery capacity, mind-blowing climbing power--Zero Electric Scooters tick all the boxes in every e-scooter enthusiast’s list. You can choose from their list of high-power scooters, and you will make one of your best investments that will still be solid for years (and miles) to come.

Segway- Segway is one of the few e-ride brands that has everything from electric kick-scooters to e-unicycles. This brand is tried and tested and has always made a point to provide customers with more convenient, eco-friendly, and fashionable means of travel. You will never go wrong once you decide o your very own Segway e-ride.

Where to Find the Best Value Electric Bikes

As opposed to what many electric bike stores and enthusiasts feared, the e-bike industry has seen a boom in sales it hasn’t seen in the last 10 years. In Australia alone, the demand for such electric rideable has skyrocketed as more people saw it as a way to battle a prominent dilemma during this time. Thus, more people are now in search of more the most affordable e-bikes in the market today.

Online e-bike stores provide a plethora of electric mobility equipment such as folding bikes, vintage bikes, mountain bikes, e-scooters, unicycles, and more! All of these electric rides can be your partner in attending to your daily activities, at any given time.

E-Ride Solutions is one of the online e-bike stores in the Gold Coast who are still fully-operational during this period, and its staff is always ready to answer your queries.

They are an online retailer providing competitive prices on all their electric scooters, e-skate boards, e-bike products, electric unicycles, and various forms of mobility products. Their aim is to provide a memorable experience when you shop from their online store, by offering quality products with top-rated customer service.

Visit their website at eridesolutions.com.au for more information.

#pandemic #new normal #electric bicycles #e-unicycles #E-Scooter #e-bikes for sale gold coast #e-bikes #E Scooter for Sale #covid-19 #best electric bike

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