Tesla
Model 3, Model Y, Model S, Model X.
- Balloon options by term
- Green discount passed on where offered
Electric vehicle finance
Electric vehicle finance for business, priced straight
Financing an EV for your business? We treat it like any other business asset: lender base rate, any lender green discount passed on in full, and a flat $800 fee. Want a novated lease through your salary? That is our sister company millarX.
ABN 24+ months · GST registered · $5,000 to $500,000
Example electric vehicle: $65,000
$1,060/month
5 years, 30% balloon, lender rate 7.50% (verified 8 September 2026), $800 fee financed.
In one sentence
AssetMX arranges low-doc business finance on electric vehicles from $5,000 to $500,000 for GST-registered businesses trading 24 months or more, passing on any lender green-rate discount in full and charging a flat $800 fee. Novated leases for employees are referred to millarX.
Last reviewed 8 September 2026 by AssetMX.
Electric vehicles we finance
From value Chinese EVs to premium European electric vehicles.
BYD and others
Atto 3, Seal, Dolphin, MG ZS EV and other value options.
- Affordable entry point
- All brands welcome
European EVs
BMW iX, Mercedes EQS, Audi e-tron, Porsche Taycan.
- Business-use percentage applies
- Luxury car tax limits affect deductions
Pricing
Lender base rate plus $800. That is the whole price.
On the $65,000 example above, a broker loading the rate by about 2% would show you9.50% and cost about $3,649 more over the term. How we compare.
| Term | Lender base rate (p.a.) | Maximum balloon | AssetMX fee |
|---|---|---|---|
| 1 year (12 mo) | 9.10% | 65% | $800 flat |
| 2 years (24 mo) | 8.10% | 60% | $800 flat |
| 3 years (36 mo) | 7.50% | 50% | $800 flat |
| 4 years (48 mo) | 7.50% | 40% | $800 flat |
| 5 years (60 mo) | 7.50% | 30% | $800 flat |
Indicative rates for in-policy low-doc applicants, verified 8 September 2026 against AssetMX lender panel rate sheets. Your rate is set by the lender. AssetMX adds no margin to it.
Two clear paths to an electric vehicle
Business EV finance (AssetMX)
Chattel mortgage in the business name. GST on the purchase is generally claimable, interest and depreciation deductible to the business-use share. Some lenders discount EV rates by up to 0.30% and we pass that on.
Novated lease (millarX)
For employees salary-packaging a personal EV. Eligible electric cars under the fuel-efficient luxury car tax threshold can be FBT exempt. millarX handles employer setup, packaging and running costs.
Not sure which?
If the car is owned and used by the business, it is AssetMX. If it is your personal car paid through your salary, it is millarX. Contact us and we will point you to the right one.
Eligibility for electric vehicle finance
| ABN | Active for at least 24 months |
|---|---|
| GST | Registered |
| Amount | $5,000 to $500,000 |
| Term | 12 to 84 months |
| Asset age | No more than 15 years old at the end of the term |
| Documents | Driver licence, business bank statements, supplier invoice. No tax returns for in-policy low-doc deals. |
Full detail on lender low-doc policies and requirements.
Questions people ask
Are electric vehicles FBT exempt?
Eligible zero-emission electric cars first held after 1 July 2022 and under the luxury car tax threshold for fuel-efficient vehicles ($91,387 in 2024-25) can be exempt from fringe benefits tax when provided to an employee. The plug-in hybrid exemption ended 1 April 2025. Check the current ATO threshold and speak to your accountant.
Do you pass on lender green discounts?
Yes, in full. Where a lender on our panel offers a reduced rate for electric vehicles, you get the reduced rate. Our fee stays $800.
Can I get a novated lease through AssetMX?
No. Novated leasing is employee salary packaging and is handled by our sister company millarX. Use the contact page and we will refer you.
Can I finance a used EV?
Yes, provided it is no older than 15 years at the end of the term. Battery warranty remaining is worth checking before you buy.
Related
Ready? Three questions, then we take it from there.
One flat $800 fee, disclosed before you start. Nothing touches your credit file until you say so.
Trading 2+ years · Clean credit · Vehicles, trucks or equipment for business use