A Smart novated lease
Save on tax when you lease a car you love
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.
How your novated lease works step by step
Here’s what happens from choosing your car to the end of your lease.
Step 1, choose and apply
Start by getting quotes for your car and lease terms, then apply online. Once approved, we can source and order your car through our 740‑strong network. Approval often happens within around 24 hours, subject to credit assessment.
Step 2, lease begins
Review your lease documentation and sign your agreement to get things underway. Your novated lease then begins, with one regular payment covering your vehicle, fuel, servicing and registration (unless you arrange your own insurance).
Step 3, during the lease
Enjoy your car while your lease payments and bundled running costs are managed through your lease. Track your spending and stay on top of your budget along the way.
Step 4, if things change
If your circumstances change, we’ll guide you through what you can do next: 1. Transfer your lease to a new employer that offers novated leasing. 2. Take over the payments yourself, like a regular car loan. 3. Pay out the remaining balance early (fees may apply).
Step 5, end of lease
When your lease finishes, choose what’s next: You can 1. Sell your car, pay the residual (balloon payment) and upgrade to a new one. 2. Extend your lease and keep saving on income tax. 3. Pay the residual on your lease and own your car outright.
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.
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.
Explore latest deals
Great deals are available on a wide range of cars, including offroaders, hatchbacks and electric vehicles. See how much you could save.
Chery E5
MY25 Ultimate FWD Single Speed Auto
$388 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Jaecoo J5
MY26 Summit FWD Single Speed
$384 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
BMW iX2
MY26 xDrive30 M Sport
$669 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Chery Tiggo 8
MY26 Pro-Max 2.0T DCT Ultimate AWD
$504 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Jaecoo J7
MY26 Track 2WD
$518 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Toyota RAV4
MY26 GXL AWD 2.5L Auto CVT 5 Door
$696 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Chery Tiggo 8
MY26 Pro-Max 2.0T DCT Ultimate AWD
$504 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Jaecoo J7
MY26 Track 2WD
$518 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Toyota RAV4
MY26 GXL AWD 2.5L Auto CVT 5 Door
$696 per fortnight*
Price includes running costs and accessories, such as window tint, rubber protection pack and small damage repair for 5 years.
Get into an EV sooner
An electric vehicle could be more affordable than you think, thanks to the federal government’s Electric Car Discount.
News and reviews
Review: 2024 XPENG G6
Chinese car-maker XPENG's all-new G6 poses an alternative to other electric mid-size SUVs.
Driving a petrol vehicle? How to save money while you drive
Here are some practical tips and tricks to help you drive smarter and reduce your fuel consumption.
Plug-in hybrids to consider
Read up on 4 of the best plug-in hybrids you could consider taking out on a novated lease.
We’re here to help
FAQs