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.
What can you salary package?
Here are some popular benefits. What you can package depends on your employer and industry.
MINI Aceman
MY26 SE FWD Favoured
$479 per fortnight*
Price includes running costs
Jaecoo J5
MY26 Summit FWD
$347 per fortnight*
Price includes running costs
Deepal S07
MY24 RWD 19" Auto
$427 per fortnight*
Price includes running costs
Renault E-Tech Megane
MY24 Techno EV60 Auto
$453 per fortnight*
Price includes running costs
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.
Ready to get started?
Whether you’re exploring salary packaging for the first time, wanting to add new benefits, or thinking of salary packaging a car, Smart makes it simple.
New to salary packaging?
Find out what benefits are available in your industry and what your employer offers, then apply.
Interested in a novated lease?
See what you could save by salary packaging a car.
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 SmartTM company.
- To be able to salary package a used or current car, it must be under 15 years old at the end of the lease with a minimum value of $5,000.
*Prices 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, (5) salary sacrifice using employee contribution method (ECM) or 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, 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 accurate as of June 2024 and may be subject to change.