Found the EV you want? Let's work out the finance.
New or used. Personal or business. From Tesla and BYD to ZEEKR, GWM, MG and the newest EV brands entering Australia — SERV Finance can help you explore your finance options.
No obligation to enquire. No credit check just to start a conversation.
Why use SERV Finance for your EV?
Tell us what you're looking at
Tell us the vehicle, approximate price and whether it's for personal or business use. We'll take it from there.
Get an EV Finance QuoteNo obligation to enquire. No credit check just to start a conversation.
BEV, PHEV or hybrid — we finance all three.
Battery Electric Vehicles (BEV)
100% electric — no petrol engine. Finance available for new and used BEVs from all major brands. Lender appetite for used BEVs varies; we know which lenders are comfortable with older stock and higher-mileage vehicles.
Plug-in Hybrid Electric Vehicles (PHEV)
Electric motor plus a petrol engine for extended range. PHEVs are generally well-accepted by mainstream lenders. Popular for buyers who want EV capability without range anxiety.
Hybrid Electric Vehicles (HEV)
Self-charging hybrids — no plug required. Treated similarly to conventional vehicles by most lenders. Strong residual values make them a solid finance proposition.
Commercial & Fleet EVs
Electric vans, utes and light commercial vehicles for business use. Finance structures available including chattel mortgage, finance lease and novated lease.
Financing the new generation of EVs
Looking at a newer EV brand? We finance more than the traditional manufacturers. If you've found the vehicle you want, tell us what it is and we'll check the finance options available.
BYD · ZEEKR · GWM · MG · Chery · Omoda · Jaecoo · Tesla · Polestar and many more.
Check finance options for your vehicleAll brands we finance
We finance EVs and hybrids across all major manufacturers available in Australia — new and used, dealer and private sale.
Tesla
Model 3, Model Y, Model S, Model X, Cybertruck
BYD
Atto 3, Seal, Dolphin, Shark, Sealion 6, Sealion 7, Han, Tang
Hyundai
Ioniq 5, Ioniq 6, Ioniq 9, Kona Electric, Tucson PHEV, Santa Fe PHEV
Kia
EV6, EV9, Niro EV, Niro PHEV, Sportage PHEV, Sorento PHEV
MG
ZS EV, MG4, HS PHEV, Marvel R
Toyota
bZ4X, RAV4 Hybrid, RAV4 PHEV, Camry Hybrid, Corolla Hybrid, LandCruiser 300 Hybrid, HiLux Hybrid, Prius, Prius PHEV, C-HR Hybrid, Yaris Cross Hybrid
Mitsubishi
Outlander PHEV, Eclipse Cross PHEV, ASX PHEV
Mercedes-Benz
EQA, EQB, EQC, EQE, EQS, EQS SUV, GLE 350de PHEV, C 300e PHEV, E 300e PHEV, S 580e PHEV
BMW
i3, i4, i5, i7, iX, iX1, iX2, iX3, 330e PHEV, 530e PHEV, 745e PHEV, X1 xDrive25e, X3 xDrive30e, X5 xDrive45e
Audi
Q4 e-tron, Q8 e-tron, e-tron GT, RS e-tron GT, A3 TFSI e PHEV, A7 TFSI e PHEV, Q5 TFSI e PHEV, Q7 TFSI e PHEV
Porsche
Taycan, Taycan Cross Turismo, Cayenne E-Hybrid, Panamera E-Hybrid
Volkswagen
ID.4, ID.5, ID.3, Golf GTE PHEV, Passat GTE PHEV, Tiguan eHybrid PHEV
Volvo
EX30, EX40, EC40, EX90, XC40 Recharge, XC60 PHEV, XC90 PHEV, S60 PHEV, S90 PHEV
Polestar
Polestar 2, Polestar 3, Polestar 4
Ford
Mustang Mach-E, F-150 Lightning, Escape PHEV, Kuga PHEV
GM / Chevrolet
Cadillac Lyriq, Chevrolet Equinox EV, Silverado EV
Honda
e:Ny1, ZR-V e:HEV, CR-V e:PHEV, Jazz e:HEV, HR-V e:HEV, Accord e:HEV
Nissan
Leaf, Ariya, Pathfinder e-4ORCE, X-Trail e-4ORCE
Subaru
Solterra, Crosstrek PHEV, Forester e-Boxer
Mazda
MX-30, MX-30 R-EV PHEV, CX-60 PHEV, CX-80 PHEV, CX-90 PHEV
Lexus
RZ 450e, UX 300e, NX 450h+ PHEV, NX 350h Hybrid, RX 500h PHEV, RX 450h Hybrid, ES 300h Hybrid, LS 500h Hybrid
Genesis
GV60, GV70 Electrified, G80 Electrified, GV80 Coupe
ZEEKR / Geely
ZEEKR 001, ZEEKR X, ZEEKR 009
Chery / Omoda / Jaecoo
Omoda E5, Jaecoo 7 PHEV
GAC / Aion
Aion Y Plus, Aion V
Rivian
R1T, R1S
Lucid
Lucid Air
Don't see your vehicle? We finance most makes and models — contact us and we'll check lender availability.
EV finance is different — and that's where we come in.
Electric and hybrid vehicles are still a relatively new asset class for many lenders. Residual values, battery degradation, and charging infrastructure all factor into how lenders assess EV finance applications — and not every lender gets it right.
SERV Finance works with lenders who are comfortable with EVs — including used EVs, PHEVs, and hybrids — and can match your situation to the right product. Whether you're a private buyer, a business owner, or a fleet manager, we'll find a structure that works.
Some lenders also offer green loan rates for eligible electric vehicles — we'll let you know if you qualify.
What lenders look at for EV finance
Battery health and age
For used EVs, lenders consider battery degradation and remaining range. A battery health report can strengthen your application.
Residual and balloon values
EV residual values are still evolving. We'll structure balloon payments conservatively to protect you at the end of the term.
Green loan rates
Some lenders offer discounted rates for new BEVs and PHEVs. Eligibility depends on the vehicle and your borrower profile — we'll check for you.
Charging infrastructure costs
Some lenders will include home charger installation costs in the finance package. Ask us if this applies to your situation.
Commercial and fleet structures
Chattel mortgage, finance lease, and novated lease are all available for business EV purchases. The right structure depends on your GST and tax position.
EV fleet finance for business
Transitioning your business fleet to electric doesn't have to happen all at once. SERV Finance can structure finance for a single company EV, a mixed fleet of EVs and conventional vehicles, or a full fleet replacement — whatever pace makes sense for your business.
Even two or three vehicles qualifies as a fleet deal. Small business owners often assume fleet finance is only for large companies — it isn't. If you're replacing a tradie ute, adding a second delivery van, or putting your sales team in EVs, we can structure it.
Finance structures for business EVs
Chattel mortgage
The most common structure for business EV purchases. You own the vehicle from day one, claim GST on the purchase price upfront, and may be able to claim depreciation and interest as tax deductions. Speak with your accountant about what applies to your situation.
Finance lease
The lender owns the vehicle; you lease it for an agreed term. Lower monthly payments than chattel mortgage. GST is claimed on each repayment rather than upfront. Common for businesses that prefer to keep assets off the balance sheet.
Novated lease
An employee salary packages the vehicle through their employer. Repayments come from pre-tax salary, reducing taxable income. Particularly effective for eligible BEVs — see the FBT section below.
Mixed fleet
Finance EVs and conventional vehicles under separate structures in the same deal. Useful for businesses transitioning gradually — finance the EVs on chattel mortgage while existing ICE vehicles run out their terms.
Industries we help transition to EVs
Trades and construction
Utes, vans and light commercial EVs for electricians, plumbers, builders and other trades.
Real estate
Sales and property management fleets — high-km drivers benefit most from EV running cost savings.
Healthcare and allied health
Mobile practitioners, home care providers and clinic fleets.
Professional services
Accountants, lawyers, consultants and financial services firms with company car arrangements.
Courier and logistics
Owner-operators, courier companies and logistics businesses running delivery vans, cargo bikes and light commercial EVs. Includes gig-economy operators (Amazon Flex, DoorDash, Uber Eats) and contracted logistics fleets replacing diesel vans with BEVs.
Government contractors
Fleet procurement for organisations with sustainability reporting requirements.
The FBT exemption for electric vehicles — what you need to know
The Australian Government introduced an FBT exemption for eligible electric vehicles in 2022. Here's what it actually means for your business — sourced directly from the ATO.
BEVs are exempt — PHEVs are not (from 1 April 2025)
Battery electric vehicles (BEVs) and hydrogen fuel cell vehicles remain FBT-exempt. Plug-in hybrid electric vehicles (PHEVs) lost their exemption from 1 April 2025. If you're considering a PHEV for salary packaging, FBT will apply. Self-charging hybrids (HEVs) were never eligible — they're treated as conventional vehicles.
The vehicle must be below the LCT threshold
To qualify, the vehicle must never have been subject to Luxury Car Tax. The fuel-efficient vehicle LCT threshold for 2025–26 is $91,387 (GST-inclusive). Vehicles above this threshold — including some Tesla Model S/X, Porsche Taycan, and BMW i7 variants — do not qualify for the exemption.
First held and used on or after 1 July 2022
The exemption only applies to vehicles first held and used on or after 1 July 2022. For used EVs, you need to confirm the vehicle was not used before this date. If a previous owner used the car before 1 July 2022, the exemption does not apply — even if you purchase it now.
It's still a reportable fringe benefit
Even though no FBT is payable, the benefit must still be reported on the employee's income statement as a reportable fringe benefit amount. This can affect means-tested government payments and some tax offsets. Employees should be aware of this before salary packaging.
Associated expenses are also exempt
For eligible vehicles, registration, insurance, repairs, maintenance, and electricity costs are also exempt from FBT. Home charging station installation is treated separately — it may be a property or expense payment fringe benefit.
The exemption is under review
The ATO has flagged a government review of the exemption by mid-2027 to assess EV take-up. The exemption remains in place until any changes are legislated. We'll keep clients informed as the review progresses.
Tax treatment depends on your individual circumstances. Always confirm with your accountant or tax adviser before making finance decisions based on FBT outcomes.
EV finance — common questions
Can I finance a used Tesla or used EV?
Yes. Used EV finance is available, though lender appetite varies by vehicle age, mileage, and battery condition. Newer used EVs (1–4 years old) are generally straightforward. Older stock or high-mileage vehicles may require a specialist lender. We'll match you to the right one.
Are green loan rates real — and do I qualify?
Yes, some lenders do offer lower rates for new BEVs and PHEVs. Eligibility typically depends on the vehicle being new (not used), the make and model, and your credit profile. We'll check which lenders have green rates available for your specific vehicle.
What's the difference between financing a BEV, PHEV and hybrid?
BEVs (fully electric) are assessed on battery health and residual value. PHEVs are treated similarly to conventional vehicles by most lenders. Self-charging hybrids (HEVs) are the most straightforward — lenders treat them like any other car. We'll explain what applies to your vehicle.
Can I include a home charger in the finance?
Some lenders will include home charger installation costs as part of the vehicle finance package. This isn't universal — it depends on the lender and the total amount financed. Ask us and we'll check what's available.
I'm self-employed — can I still finance an EV?
Yes. Self-employed buyers can access EV finance through standard or low-doc products depending on your documentation. Chattel mortgage is a common structure for business use. We work with lenders who are comfortable with self-employed applicants.
What about novated leasing for an EV?
Novated leasing is available for EVs and can be very tax-effective — particularly for BEVs, which may be exempt from fringe benefits tax under current Australian tax rules. We can structure a novated lease or connect you with a novated lease specialist.
Does battery degradation affect my finance application?
For used EVs, yes — lenders factor in battery health when assessing residual value. A battery health report from the manufacturer or a specialist EV inspector can help your application. We'll advise you on what documentation to gather before applying.
I receive a car allowance from my employer — can I use it to finance an EV?
Yes. A car allowance is treated as income by lenders, which means it can support your borrowing capacity for a vehicle finance application. Sales reps, BDMs, field managers and other employees receiving a car allowance are well-placed to finance a vehicle — including an EV. The allowance doesn't need to be spent on the vehicle directly; it forms part of your assessable income. We'll structure the application to reflect your full income picture.
Is the FBT exemption still available for electric vehicles?
Yes — for eligible battery electric vehicles (BEVs) first held and used on or after 1 July 2022, and where the vehicle has never been subject to Luxury Car Tax. The fuel-efficient LCT threshold for 2025–26 is $91,387. PHEVs lost their exemption from 1 April 2025. The exemption is still a reportable fringe benefit, which can affect means-tested payments. Always confirm with your accountant.
Can I finance a mixed fleet — some EVs, some petrol?
Yes. We can structure finance for EVs and conventional vehicles in the same deal, under separate products if needed. Many businesses transition gradually — replacing vehicles as leases expire rather than all at once. We'll structure it to match your timeline.
What's the minimum fleet size you can help with?
There's no minimum. Two or three vehicles qualifies for fleet structuring. We work with sole traders buying a single company EV through to businesses replacing larger fleets. The right structure depends on your business type and tax position, not the number of vehicles.
Can I include workplace charging infrastructure in the finance?
Some lenders will include depot or workplace charger installation costs as part of the finance package. This isn't universal — it depends on the lender and total amount financed. Ask us and we'll check what's available for your situation.
I run a courier or logistics business — can I finance a fleet of EV vans?
Yes. Courier and logistics operators are one of the strongest use cases for EV fleet finance. High daily kilometres mean fuel savings add up fast, and many logistics contracts now require or reward low-emission vehicles. We can structure finance for a single delivery van through to a full fleet replacement — chattel mortgage for business-owned vehicles, or finance lease if you prefer to keep assets off the balance sheet. New business operators and owner-operators are also welcome to enquire.
Can I finance a commercial EV van — not just a passenger car?
Yes, subject to lender availability. Light commercial EVs — including cargo vans, refrigerated vans and utes — are financeable through most of our lender panel. Heavier commercial EVs (above 4.5 tonne GVM) are assessed differently and may require a specialist lender. Tell us the vehicle type and GVM and we'll confirm what's available.
Does the FBT exemption apply to delivery vans used by employees?
The FBT electric car exemption applies to cars — defined as vehicles designed to carry fewer than 9 passengers and a load of less than one tonne. Most passenger EVs and small vans qualify. Larger commercial vans above one tonne GVM are not 'cars' under FBT law and the exemption does not apply. Confirm the vehicle's classification with your accountant before structuring around FBT.
Ready to finance your EV?
Tell us what you're looking at and we'll come back to you with options. No obligation, no credit check to enquire.
Eligibility criteria apply. A brokerage fee may be payable on settlement. Credit products are subject to lender approval. Tax outcomes depend on individual circumstances — confirm with your accountant.
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