What is a novated lease?

A novated lease is one of the easiest and most cost effective ways to buy and own a car, and you don’t need to be earning a senior executive salary!

  • Make tax savings and discounts on your car and related running expenses
  • Bundle finance and running costs into one easy payment on payday
  • Lease a new or used car
  • Choose the lease term that suits your budget, from one to five years

Let’s look at how much you can save on one of our most popular cars, Mazda CX-5. 


A new Mazda CX-5 Maxx Sport 2.0i FWD, is valued at $40,195. But with the $3,820 dealer discount Smartleasing can negotiate, PLUS the 10% GST you won’t be paying on your new car, you could save $6,833 on the purchase price.

Best of all, with Smartleasing, you'll save thousands more in tax over the life of your lease. See below for a breakdown of savings.

No hassles, we do the legwork for you


  • We source the car you want from our nationwide network of more than 800 dealers
  • We use our huge buying power to negotiate our best possible price for you
  • We arrange test drives with our trusted network, so you never need to deal with pushy sales people
  • We coordinate your salary deductions
  • We pay your finance and running expenses
  • We're a one-stop-shop for all your services and insurance
  • Enjoy more of your income

    • Reduce your taxable income
    • Get taxed at a lower amount
    • Approved by the ATO

    Salary package your peace of mind: Check out our services and the optional extras that help look after you on and off the road.

  • Am I eligible for a novated lease?

    If you’re a permanent employee (full time and part time), you are eligible to apply for a novated lease.

    If you already salary package with Smartsalary, log in to your Smartsalary account to find out what else you can salary package, or give Smartleasing a call on 1 DRIVE
    (13 74 83).

* Savings example is indicative only and is based on the following assumptions: living in QLD 4068, salary: $85,000 gross p.a., travelling 15,000 kms p.a., lease term: 60 months. The purchase price discount represents a typical saving and is compared to the manufacturer’s on-road price of the new vehicle. All tax savings calculations include budgets for fuel, servicing, tyres, maintenance and re-registration over the period of the lease. These calculations also include comprehensive motor insurance, 2 year extended warranty and gold aftermarket pack, which includes window tint as part of the offer. The total amount saved is a comparison to financing the purchase price of the vehicle over 5 years and paying for all running and maintenance costs out of your post-tax earnings. Your actual savings will depend on your income tax bracket, the GST processing method nominated by your employer, administration fees payable under your employer’s salary packaging plan, the negotiated Smartleasing discount on your chosen vehicle and your personal circumstances. Vehicle pricing is correct at the time of publishing and may be subject to change based on 2015 or 2016 build dates and availability. Vehicle price stated includes all QLD on-road costs and government charges, and excludes gold aftermarket pack. # Optional extras offered by Smartleasing are outside the Standing Offer Arrangement (SOA) in the Queensland Government established Salary Packaging Novated Leasing Panel QGP0026-16. These products are optional extras which you can choose whether or not to purchase.