Novated Lease
Tax-effective car finance through your salary — quotes via Smart Leasing
A novated lease is one of the most tax-effective ways to get into a car if your employer offers salary packaging. You bundle your car’s finance and running costs into one regular payment that comes out of your salary — a mix of pre-tax and post-tax dollars — which can reduce your taxable income. Car Buyers Assist helps you explore a novated lease and refers your enquiry to our novated leasing partner, Smart Leasing, to prepare a tailored quote.
What is a novated lease?
A novated lease is a three-way agreement between you, your employer and a novated leasing provider. Your employer deducts the lease payments from your salary, so part of the cost is paid from your pre-tax income. It can cover not just the car but the running costs too.
What a novated lease can include
- Finance on the car (new or used).
- Fuel or EV charging.
- Tyres.
- Servicing & maintenance.
- Registration.
- Insurance.
- Roadside assistance.
Electric vehicles and the FBT exemption
Eligible electric vehicles can attract an FBT exemption, which can make an EV novated lease especially attractive. Whether a particular car qualifies depends on the rules at the time and your circumstances — our partner can confirm this as part of your quote.
Is a novated lease right for you?
A novated lease generally suits you if you are employed and your employer offers salary packaging, you drive a reasonable number of kilometres each year, and you want your car costs bundled into one simple payment. Whether it works for your situation depends on your salary, your employer’s policy and the car you choose.
How Car Buyers Assist helps
We make the enquiry simple. Tell us a few details about you, your employer and the car you’re considering, and we’ll refer your enquiry to Smart Leasing to prepare a tailored quote. There’s no obligation, and we’ll keep it straightforward.
Request a novated lease quote →
What we’ll ask for your quote
To prepare your quote our partner will typically need: your name, phone and email; your state; your employer name (and ABN if known) and whether they offer salary packaging; your gross annual salary band; the vehicle type and whether it’s new, used or electric; the estimated vehicle price; your preferred lease term and estimated annual kilometres; the running costs you’d like included (fuel/charging, tyres, servicing, registration, insurance, roadside); any trade-in; and your timeframe to purchase. You can include these in your enquiry and we’ll pass them to Smart Leasing with your consent.
Frequently asked questions
Does Car Buyers Assist provide the novated lease?
No. We help you explore the option and refer your enquiry to our novated leasing partner, Smart Leasing, who prepares the quote and arranges the lease. This is general information only.
Do I need my employer to offer salary packaging?
Yes. A novated lease requires your employer to participate in salary packaging. If you’re unsure, we can help you find out as part of your enquiry.
Can I novate a used or electric car?
Often yes — used cars and EVs can both be novated, subject to the provider’s criteria. Eligible EVs may also qualify for an FBT exemption.
How do I get a quote?
Send us an enquiry with a few details and we’ll refer you to Smart Leasing for a tailored, no-obligation quote.
Related
General information only. Car Buyers Assist facilitates novated lease enquiries and refers them to our partner, Smart Leasing. Novated leasing is subject to partner assessment, employer participation, eligibility and the rules applying at the time. This is not financial, tax or credit advice — consider your own circumstances and seek professional advice where needed.