Tesla Finance Australia
Join the electric revolution. Tesla has transformed driving with cutting-edge technology, zero emissions, and incredible performance. We help Australians finance their Model 3, Model Y, Model S, and Model X with competitive rates from EV-friendly lenders - including potential green vehicle discounts and FBT-exempt novated lease options.
Green vehicle discounts and FBT-exempt options available
Finance Your Tesla
Tesla has redefined what a car can be. With over-the-air updates, industry-leading range, and acceleration that embarrasses supercars, it's no wonder Tesla is Australia's best-selling EV brand. And with running costs a fraction of petrol cars, the total cost of ownership often makes Tesla surprisingly affordable.
At Your Lending Friend, we specialise in Tesla and EV finance. We work with lenders who understand electric vehicles, offer green vehicle discounts, and can structure finance to maximise your benefits - whether that's a standard car loan, FBT-exempt novated lease, or business chattel mortgage.
Tesla Finance Advantages
Benefits of financing a Tesla
Green Vehicle Rates
Some lenders offer discounted rates for electric vehicles like Tesla. Save on finance while saving the planet.
Lower Running Costs
No petrol, minimal servicing, and home charging. Factor in the savings when calculating your total cost of ownership.
FBT Exemption
Eligible EVs like Tesla can be FBT-exempt under novated lease. Significant tax savings for salary packaging.
EV Specialists
We work with lenders who understand electric vehicles and Tesla specifically. They value EVs appropriately.
Tesla Models & Pricing
Current Australian pricing for Tesla models
Model 3 RWD
513km range
$55,000 - $60,000
The entry point. Outstanding value with impressive range and performance.
Model 3 Long Range
629km range
$65,000 - $72,000
Dual motor all-wheel drive with extended range for longer journeys.
Model 3 Performance
528km range
$75,000 - $82,000
0-100 in 3.1 seconds. Sports car performance with EV efficiency.
Model Y RWD
455km range
$58,000 - $63,000
SUV practicality with Tesla tech. Great for families.
Model Y Long Range
533km range
$70,000 - $77,000
The popular choice. All-wheel drive SUV with excellent range.
Model Y Performance
514km range
$80,000 - $88,000
Fast SUV with sporty handling and premium features.
*Prices are approximate drive-away and subject to change. Use our car loan calculator to estimate repayments.
Tesla vs Petrol Running Costs
Factor in the savings when comparing total cost
| Cost | Petrol Car | Tesla |
|---|---|---|
| Fuel / Charging | $3,000 - $5,000/year | $600 - $1,000/year |
| Servicing | $600 - $1,200/year | $200 - $400/year |
| Registration | Standard rates | EV discount in some states |
| Total Running Costs | $4,000 - $7,000/year | $1,000 - $2,000/year |
*Estimates based on 15,000km per year. Actual costs depend on driving habits and electricity rates.
Tesla Finance Options
Different ways to finance your Tesla
Consumer Car Loan
Standard secured car loan for personal Tesla buyers. Some lenders offer green vehicle discounts for EVs.
- Potential green vehicle discount
- Fixed or variable rates
- Terms from 2-7 years
- Full ownership from day one
Best for: Personal buyers wanting competitive rates on their Tesla
Novated Lease (FBT Exempt)
The big winner for Tesla. Eligible EVs are FBT-exempt, meaning significant tax savings through salary packaging.
- FBT exemption for eligible EVs
- Pre-tax salary payments
- Running costs included
- Charging costs can be packaged
Best for: Employees with salary packaging - maximise EV tax benefits
Chattel Mortgage
For ABN holders using Tesla for business. Claim GST upfront and enjoy tax deductions on a zero-emission vehicle.
- GST claimed upfront
- Interest tax-deductible
- Instant asset write-off potential
- Business use benefits
Best for: Business owners wanting a premium, efficient company vehicle
How Tesla Finance Works
Four simple steps from application to driving electric
Apply Online
Complete our 5-minute application. Tell us which Tesla model you're interested in and whether it's for personal or business use.
Get Pre-Approved
We compare Tesla finance options from EV-friendly lenders. Know your budget before ordering from Tesla.
Order Your Tesla
With finance pre-approved, order your Tesla directly. We'll be ready when your delivery date arrives.
Drive Electric
When your Tesla is ready for delivery, we finalise the finance and you drive away emission-free.
Checking your options won't affect your credit score
Calculate Your Tesla Repayments
Use our car loan calculator to estimate monthly repayments on your Tesla. Compare different models and terms to find what works for your budget.
Try the CalculatorTesla Finance FAQs
Common questions about financing a Tesla
Yes, some lenders offer green vehicle discounts for electric vehicles, including Tesla. The discount typically ranges from 0.5-1% off their standard rates. We identify which lenders offer these discounts and help you access them.
Electric vehicles below the luxury car tax threshold (around...
Electric vehicles below the luxury car tax threshold (around $89,000 for fuel-efficient vehicles) can be FBT-exempt when salary packaged through a novated lease. This means you pay for your Tesla from pre-tax salary without the usual fringe benefits tax, offering significant savings.
Yes. While Tesla finance rates may be slightly higher for ba...
Yes. While Tesla finance rates may be slightly higher for bad credit applicants, we work with specialist lenders who consider all credit histories. A deposit can improve your chances and help secure better terms.
Significantly lower. Charging costs roughly $600-$1,000/year...
Significantly lower. Charging costs roughly $600-$1,000/year compared to $3,000-$5,000 for petrol. Tesla servicing is minimal - no oil changes, spark plugs, or exhaust systems. Many owners report saving $3,000-$5,000 per year on running costs.
Yes. Many lenders allow you to include the cost of a home ch...
Yes. Many lenders allow you to include the cost of a home charging setup (Tesla Wall Connector and installation) in your vehicle finance. This is especially valuable for novated lease arrangements where charging costs can also be packaged.
Model 3 and Model Y hold their value well in Australia's gro...
Model 3 and Model Y hold their value well in Australia's growing EV market. As the most popular EVs in Australia, they have strong resale demand. However, EV technology evolves quickly, so values depend on battery health and technology updates.
Tesla regularly updates their vehicles with new features and...
Tesla regularly updates their vehicles with new features and improvements. If you need a car now, current models are excellent. We can pre-approve finance that remains valid while you wait for delivery, typically 2-8 weeks depending on the model.
Most applications receive a response within 24 hours. For st...
Most applications receive a response within 24 hours. For straightforward applications, same-day approval is common. Once approved, your finance is ready for whenever your Tesla delivery date arrives.
Still have questions? Contact our friendly team