Login
bmw-novated-leasing-desktop.jpg

A Smart novated lease

Get big tax savings on a car you love with a novated lease.

Find a car

Get a quote

Find a car
Compare cars
1300 476 278

What is novated leasing?

Novated leasing is a salary packaging arrangement with your employer that lets you use pre-tax income for car finance and expenses. One simple deduction each payday takes care of your lease and all usual running costs.

Learn how it works
atto-1-and-2-close.png

BYD unveils ATTO 1 & ATTO 2

Two exciting new electric vehicles that combine style, performance, and affordability - among the most affordable EVs on the market.

 

Both models are eligible for the electric car discount^ when you choose a novated lease.

Get a quote
Apply nowCalculate savings

Why choose a novated lease?

Novated leasing is one of the most cost-effective and convenient ways to buy and run a car, and could save you thousands of dollars in tax. 

You could save on GST and income tax
Save time and hassle – we make leasing simple
New, used or a car you already own – it’s yours to use as you like¹ 
A woman enjoying the view from her car

Wondering how a novated lease compares to a traditional car loan?

With a novated lease, you choose the car you want, and your employer makes the lease payments, which includes your running costs, using a portion of your pre-tax salary. This could lead to big income tax savings.

 

A traditional car loan on the other hand is paid for using only your post-tax income and does not give you the same income tax savings.

Find out more
adobestock_728314375.jpg
Latest deals
EV discounts
News
FAQs

Important information

This is general information only. Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a Smart™ company.

  1. To package a used or current car, certain financier requirements must be met. Exact age requirements and minimum value depend on which financier you choose.

* Price and estimated tax savings based on the following assumptions: (1) living in NSW 2000, (2) salary: $90,000 gross p.a., (3) travelling 15,000 kms p.a., (4) lease term: 5-years, and (5) salary sacrifice using Employee Contribution Method (ECM) and FBT Exempt Method for Electric Car Discount eligible EVs. Images shown may not be the exact car that the calculations have been based on. All figures quoted include budgets for finance, charging and/or fuel, servicing, tyres, maintenance, Vero by Suncorp comprehensive motor insurance, Hydro Platinum Pack and re-registration over the period of the lease. Vehicle residual, as set by Australian Taxation Office, is payable at the end of lease term. The exact residual amount will be specified in your vehicle quote. Figures are based on quotes obtained by Smart in November 2025 from its dealership network and may be subject to change.

^ Fringe Benefits Tax (FBT) exemption available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,387 in FY 2025-26). Plug-in Hybrid Electric Vehicles with leases commencing from 1 April 2025 are not eligible for this exemption.