BMW i4 novated lease: what you need to know
The i4 is BMW’s electric Gran Coupe. Like the iX3, its premium pricing makes the 1 April 2027 change and the luxury car tax threshold the things to check first. This page covers what matters for a novated lease on the i4, and the examples open it in the Navo engine for your figures.
The FBT position for the i4
As a premium car, its versions are likely to be above the lower threshold, and some may be near the luxury car tax threshold. Check the exact version and its price first.
Under the announced changes, a version under the lower threshold keeps the full exemption for commitments made before 1 April 2029. Above it, only commitments made before 1 April 2027 keep it; after that, a partial discount applies. These changes are not law yet.
Novated lease or car loan for a i4?
Suits: Drivers wanting a premium electric sedan, and business owners packaging through a company.
On an exempt electric car a novated lease often costs less than a loan, especially on higher incomes. A loan can still suit if your employer doesn’t package, your income is lower, or a job change is likely.
What to check before you sign
- The exact version and its drive-away price.
- Where that price sits against the lower threshold and the luxury car tax threshold.
- When you commit and when the car will be provided.
- What happens to the lease if you change jobs.
- The residual at the end, and what the car is likely to be worth.
Worked examples
Open an example in the Navo engine, add your own income, and see the figures for every way to pay.
A BMW i4 on a novated lease
Salary packaging at work, owning the car at the end. Add the drive-away price of your version.
A BMW i4 with no packaging at work
No salary packaging available: see the car loan. Add the drive-away price.
Questions
Should I commit to an i4 before 1 April 2027?
If the version you want is above the lower threshold, the announced changes keep the full exemption only for commitments before 1 April 2027. It is not law yet, so check the final rules.
Do I need my employer’s agreement for a i4 novated lease?
Yes. Your employer signs the lease agreement and runs the deductions through payroll. Any employer can, and our partner millarX can set it up with them.
What if I change jobs during the lease?
The lease can move to your new employer if they package it, or the payments come back to you. From 1 April 2029 a lease moved to a new employer may get only the partial discount.
Reviewed 7 October 2026. General information only, not tax advice. Check the final law and ATO guidance; prices and versions change.