Tesla Model Y Just Set an Australian Sales Record — Here's What It Means for Novated Leases
Tesla's Model Y topped 8,000 sales in a single month — a first for any car in Australia. See what this record means if you're considering a novated lease.
In June 2026, the Tesla Model Y became the best-selling vehicle in Australia — not just among EVs, but across every make and model on the market. According to The Driven, it cleared 8,000 units in a single month, a figure no Australian car has hit before.
That's not a fluke. It's a signal that Australians are voting with their wallets, and a big chunk of those sales are being driven by novated leasing.
What this means for novated lease customers
The Model Y's popularity in the novated lease market isn't a coincidence. Under Australia's current FBT exemption for eligible battery electric vehicles, a Model Y acquired through a novated lease can be packaged entirely from pre-tax salary — meaning the lease payments, running costs, registration, insurance, and charging are all bundled in before the ATO takes its cut.
The result is a meaningful reduction in your taxable income. The exact figure depends on your salary, the vehicle price, and your lease term — but the reason you keep seeing Model Y at the top of novated lease popularity charts is that the numbers genuinely stack up for PAYG employees, particularly those earning above the middle tax bracket.
High volume also has a practical upside: delivery wait times have dropped sharply compared to 2023–24, and Tesla's service network has expanded with demand. If supply anxiety was ever your reason to hesitate, that objection is harder to justify today.
Common questions
Is the Tesla Model Y still FBT-exempt in 2026?
As of the date of this article, eligible battery electric vehicles including the Model Y remain exempt from Fringe Benefits Tax under the rules passed by the Australian Government. You should confirm the current FBT position with your employer or a licensed adviser before entering into a lease, as legislation can change.
Does the record sales number mean I'll wait ages for delivery?
The opposite appears to be true right now. High volume has pushed Tesla to improve local logistics, and current lead times are generally much shorter than they were during the 2022–2023 demand spike. Check with your novated lease provider for current estimated delivery windows.
Can any PAYG employee get a novated lease on a Model Y?
Generally yes, provided your employer participates in a novated leasing arrangement and you have sufficient pre-tax salary to cover the lease payments. millarX can confirm eligibility quickly — most employers are already set up or easy to onboard.
What's the catch with novated leasing an EV?
The main considerations are your employment continuity (the lease obligation doesn't disappear if you change jobs), the residual value at end of lease, and ensuring the vehicle cost sits within your salary packaging capacity. None of these are unique to EVs, but they're worth understanding before you sign.
Why does millarX focus on EVs?
EVs currently attract the most favourable tax treatment under Australia's novated lease framework, which means the potential savings are typically larger than for an equivalent petrol vehicle. That said, millarX arranges novated leases on all vehicle types — EV or otherwise.