Car costs creeping up? Novated leasing could help.

Keeping a car on the road has never been cheap, but with the cost of living climbing, it’s starting to feel near impossible. Between fuel, rego, insurance, and the odd surprise repair, running a car can take a huge toll on your budget.

If you’ve found yourself wondering what you might need to give up to save cash, you’re not alone.

Smart’s cost of living report, Stretching Your Salary: How Australians are Managing Cost of Living Pressures^ , found that 79% of respondents are moderately to extremely concerned about rising costs, and 62% feel more financially stressed than they did a year ago. In fact, only 2.8% are unconcerned about the rising cost of living.

When money’s tight, every bit of breathing room counts. And that’s where novated leasing can come in.

It’s a simple way to bundle the majority of your car costs – like repayments, rego, insurance, and maintenance – into one convenient payment that’s deducted straight from your pre-tax salary each pay cycle.

Why novated leasing is ideal for right now

• Predictable payments: With a novated lease, you know exactly how much money is coming out of your account each pay cycle – no pesky surprises.
• Tax savings: A portion of your lease payments are deducted from your pre-tax salary, which could help reduce your overall taxable income.
• No big upfront cost: Because let’s be real, who has a lump sum lying around to buy a car outright during a cost of living crisis?
• Less bill juggling: One regular payment takes care of almost everything. With Smart™, you could also access further discounts through our vehicle maintenance program.
• Choose the car that suits you: New or used, SUV or EV – it’s up to you. You could even take out a novated lease on your current car*, helping you reduce costs without giving up the car you love.
• Drive it your way: It’s your car, not your company’s. Use it for your daily commute, weekends away, school runs – you can even let family members drive it, too.

How novated leasing stacks up

Wondering what’s smartest in the long run? Here’s how novated leasing with Smart™ compares to buying outright or taking out a car loan.

This comparison table is intended as a general guide only and does not constitute financial advice.

A smarter way to ease the cost of living pinch

There’s no denying it’s tough out there, but don’t let the rising cost of living force you off the road. A novated lease could make running a car more affordable and take the sting out of surprise car troubles.  

See if it’s right for you – learn more about novated leasing with Smart™.