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A Smart novated lease

Save on tax when you lease a car you love

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What is a novated lease?

Novated leasing is a way to package your salary so you can pay for a car using your pretax income. One simple deduction each payday takes care of your lease and all the usual running costs such as fuel, servicing, insurance and more.

 

Novated leases are available on a wide range of vehicles, including new, used and electric cars.

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Novated car subscription
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Drive a car your way - with a flexible novated subscription

Try your dream car without the long‑term commitment. Smart has partnered with Karmo to offer a flexible novated subscription that lets you drive an EV (or petrol car) for as little as four months, with most running costs bundled into one simple salary packaged payment.

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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.

Save on GST and income tax
Save time and hassle – we make it simple
New, used or a car you already own – it's yours to use as you like¹
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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 April 2026 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). See the Australian Taxation Office website for full eligibility criteria.