Question 1

What Tesla models are available for a novated lease with Smart?

Accepted Answer

At Smart, you can choose from two popular Tesla models for a novated lease: the Tesla Model 3 and the Tesla New Model Y.
The Tesla Model 3 is a mid-size sedan that offers a sleek design and impressive performance. It comes in three variants: Rear-Wheel Drive, Long Range, and Performance. Each variant provides a different balance of range and acceleration to suit your driving needs.
The Tesla New Model Y is an SUV that combines versatility with the same high performance and advanced technology found in the Model 3. It also comes in two variants: Rear-Wheel Drive and Long Range.  The New Model Y offers more space and a higher seating position, making it a great choice for families or those who need extra cargo capacity. Both models are fully electric, ensuring you enjoy a smooth, quiet ride with zero emissions.

Question 2

How does a novated lease work for a Tesla?

Accepted Answer

A novated lease for a Tesla involves a three-way agreement between you, your employer, and a finance company. Your employer deducts the lease payments from your pre-tax salary, which can reduce your taxable income. This arrangement covers the car's finance and all usual running costs, including charging, insurance, registration, maintenance, and more. Smart handles all the details, making it easy for you to drive your Tesla while enjoying tax savings.

Question 3

What are the benefits of getting a novated lease for a Tesla through Smart?

Accepted Answer

Getting a novated lease for a Tesla through Smart offers several benefits:

Tax Savings: Lease payments are made from your pre-tax salary, reducing your taxable income and saving you money on taxes.
GST Savings: You don't pay GST on the purchase price of the car, instantly saving 10%+.
Bundled Costs: All usual running costs, including charging, insurance, registration and maintenance, are bundled into one regular payment on payday, simplifying your budget management.
Convenience: Smart takes care of everything for you, from sourcing the car to renewing your registration and managing the lease and running costs, ensuring a hassle-free experience.

Question 4

What’s the process for applying for a Tesla novated lease with Smart?

Accepted Answer

The process for applying for a Tesla novated lease with Smart is straightforward.

Get a Tesla Quote: Submit an enquiry for your preferred Tesla model or call Smart directly on 1300 144 873 to speak to a Smart novated leasing consultant. 
Apply for Credit: Submit your credit application online for a fast turnaround on approval.
Sign the Lease Agreement: Once approved, sign the lease agreement.
Take Delivery: Take delivery of your Tesla and start enjoying the benefits of your novated lease.

Question 5

Can I include additional accessories or options in my Tesla novated lease?

Accepted Answer

Yes, you can customise your Tesla novated lease by including additional accessories or options. Smart allows you to choose optional extras to suit your preferences and needs.

Question 6

What happens if I change jobs during my Tesla novated lease?

Accepted Answer

If you change jobs during your Tesla novated lease, the lease can be transferred to your new employer, or it can revert to a two-way agreement between you and the finance company. Smart will assist in managing the transition to ensure a seamless experience.

Question 7

Am I eligible for the government's EV discount policy with a Tesla novated lease through Smart?

Accepted Answer

Yes, this policy applies to fully electric vehicles that are priced below the luxury car tax threshold ($91,387 in the 2025-26 financial year). Eligible EVs are exempt from FBT, which can result in substantial tax savings.

Tesla

Get into a Tesla today with a Smart^TM novated lease.

Introducing the Tesla Model Y L

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The Electric Car Discount Policy

Simple steps to lease a car you love

Tesla FAQs

Important information