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Top 10 Novated Lease Vehicles of 2022

03/04/2023 by Lania Mason in Novated Leasing

Every March, Fleet News Group conducts a survey of the leading providers of novated leasing and salary packaging to determine which vehicles were the most sought-after by novated lease buyers in the previous year.

Based on the information obtained, a list of the top-selling novated lease cars is released, which offers an alternative perspective on the sales performance of new cars for manufacturers, dealers, and Fleet Managers.

The Ford Ranger has topped the list as the most popular vehicle for novated lease buyers in 2022. The Top 10 list demonstrates a significant shift toward zero-emission cars, reflecting evolving consumer attitudes.

In 2022, the Australian Government introduced the Electric Car Discount Bill removing import tariffs and Fringe Benefits tax (FBT) on eligible zero or low-emissions vehicles.

The bill has been designed to incentivise the uptake on zero and low-emissions vehicles in Australia and includes novated leases.

The addition of the bill has made electric vehicles more attractive to salary package than ever before.

The popularity of novated lease vehicles reflects a true representation of consumer choice and new vehicle trends since they are private purchases. Through novated leasing, individuals can acquire the car of their dreams with accessories that match their lifestyle.

Here are the top 10 novated lease vehicles for 2022:

Fleetcare Top 10 of 2022 Industry Top 10 of 2022
Rank Vehicle Rank Vehicle
1 Ford Ranger 1 Ford Ranger
2 Toyota Landcruiser Prado 2 Mazda CX-5
3 Mitsubishi Triton 3 Toyota RAV4
4 Mitsubishi Pajero 4 Mitsubishi Triton
5 Hyundai i30 5 Hyundai Tucson
6 Ford Everest 6 Tesla Model 3
7 Toyota RAV4 7 Mitsubishi Triton
8 Mazda CX-5 8 Toyota Landcruiser Prado
9 Nissan Navara 9 Hyundai i30
10 Isuzu D-MAX 10 Isuzu D-MAX

Tony Ghosn, General Manager of Novated at Fleetcare, reminded us that supply was still a challenge in 2022 for popular novated models.

“Novated leasing trends in 2022 were impacted by two main factors, vehicle supply issues and the increased enquiries for electric vehicles in the back half of the year following the Government’s FBT exemption ruling,” explained Ghosn.

“Novated vehicle selection predominantly continued to follow general purchasing trends with Dual Cab Utes and SUVs being most popular with drivers. The last quarter of the year however has seen electric vehicles, particularly Tesla models, rise to challenge the top selling models. With FBT exemptions in place for EVs and PHEVs, and more models becoming available and affordable, we expect this trend to continue in 2023.”

For more information about Fleetcare Novated Leasing, call our novated lease experts on 134 333.

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