Can I trade in my current diesel?

Yes. You can put the trade-in towards the EV to reduce the amount financed, or in many cases take the value as cash back into the business and finance the full amount.

Are the savings in this tool guaranteed?

No — it's an indicative running-cost comparison based on the figures you enter, covering fuel versus charging only. Real costs vary, and it doesn't include servicing, tyres, rego or finance. Use it as a guide, not a quote.

Will the fuel saving really cover the repayment?

It can cover a meaningful chunk on a high-kilometre vehicle — the 30,000 km example saves around $3,780 a year on fuel versus charging. Whether that fully covers your repayment depends on the price, term and rate, which the lender's assessment decides. Treat the figures as indicative, not a quote.

Are there tax concessions specific to EVs?

There can be EV-specific concessions on top of the usual GST and depreciation treatment, but the rules change and eligibility varies. Confirm exactly what applies to your business with your accountant before relying on it.

What kind of finance do you use for an EV?

A chattel mortgage, so your business owns the vehicle from day one — we don't offer hire purchase or finance lease. We compare a panel of commercial lenders for a competitive rate and a structure that suits your cash flow, subject to the lender's assessment.

Finance planning workspace at dusk — EV vs diesel running-cost calculator

The Prompt Series · free tool

Diesel vs electric: what's it really costing you?

With fuel prices where they are, the running-cost gap between a diesel and an EV can be substantial. Work out the difference over your ownership — savings that can help cover a finance repayment.

Punch in your kilometres, fuel use and charging cost to see the fuel-vs-charging difference per year and across the time you'll keep the vehicle. It's an indicative running-cost comparison only — it doesn't include servicing, tyres or finance — but it shows why EVs and hybrids are one of the fastest-growing things we finance.

The Prompt Series · free tool

Diesel vs electric — what's it really costing you?

With fuel where it is, the running-cost gap can be big. See the fuel-vs-charging difference over your ownership — savings that can help offset a finance repayment.

Kilometres per year30,000 km

Years you'll keep it5 years

Diesel / petrol

Fuel use (L/100km)9.0

Fuel price ($/L)$2.00

Electric

Efficiency (kWh/100km)18

Electricity ($/kWh)$0.30

Set to $0.00 if you charge from solar.

Diesel

$5,400/yr

$27,000 over 5 yrs

Electric

$1,620/yr

$8,100 over 5 yrs

Estimated running-cost saving

$18,900

over 5 years · about $3,780/yr

Those fuel savings can help cover the repayment on an EV. Get pre-approved first, then go shopping — and you can usually trade in the diesel.

Running-cost estimate only (fuel vs charging) — it excludes servicing, tyres, rego and finance. General information, not financial or tax advice. Confirm any tax treatment with your accountant.

OFFSET THE REPAYMENT

Fuel savings can cover a big chunk of the repayment

Switching a high-kilometre vehicle to electric can cut running costs sharply. Those savings don't disappear — they can help cover the monthly finance repayment, so the upgrade pays part of its own way.

WORKED EXAMPLE

Example: a ute doing 30,000 km a year

Take a ute running 30,000 km a year. A diesel at about 9 L/100km and $2.00 a litre burns roughly $5,400 in fuel; an EV at about 18 kWh/100km and $0.30 a kWh costs around $1,620 to charge — a saving of about $3,780 a year, or roughly $18,900 over five years. On a chattel mortgage that saving can offset much of the repayment. These are indicative estimates only, exclude servicing, tyres and finance, and aren't a quote — your real figures depend on your usage and prices.

PRE-APPROVAL

Get pre-approved, then go shopping

EVs and hybrids move quickly. Get pre-approved first — approval typically holds around 90 days — so you can negotiate as a cash-equivalent buyer and we can usually arrange the trade-in of your current vehicle.

OWN IT, CLAIM IT

Financed on a chattel mortgage

We arrange EVs on a chattel mortgage, so your business owns the vehicle from day one and can generally claim GST and depreciation. Confirm the tax treatment, including any EV-specific concessions, with your accountant.

THE FULL PICTURE

Running cost is only part of the sum

The calculator compares fuel against charging — it doesn't capture servicing, tyres, rego or the finance repayment, which all belong in your decision. EVs often have lower servicing, but the upfront price can be higher, so weigh the lot. It's a guide to one piece of the puzzle, not the whole answer.

HOW WE STRUCTURE IT

Competitive rate and a structure that fits

We compare a panel of commercial lenders to find a competitive rate, then set the term and balloon so the repayment sits comfortably against the fuel savings you're banking. We arrange EVs and hybrids on a chattel mortgage; we don't do hire purchase or finance lease. Terms are subject to the lender's assessment.

Common questions

Yes — we arrange EVs and hybrids on a chattel mortgage just like any other vehicle, so you own it from day one with the same GST and depreciation treatment. Confirm the detail with your accountant.

Related finance

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