Want a greener, more sustainable vehicle? Maybe lower maintenance costs with fewer moving parts? The instant power of amazing EV technology? Reduced fuel costs and convenient home charging?
Whatever motivates you, Smart can provide a simple and cost-effective transition to an EV lifestyle.
If you lease an eligible electric vehicle (EV) or plug-in hybrid (PHEV), 100% of the lease and car costs come from your before tax income, thanks to the federal government’s Electric Car Discount.^
The discount is available on the following new or used eligible vehicles (provided they are first registered after 1 July 2022):
Battery EVs
Plug-in hybrid EVs until 1 April 2025 (exemptions can be applied to the lease until it expires if established before this date)
How and where will you charge your EV? There are many options for fast, convenient charging at home, and charging on the go is becoming ever easier with more organisations installing both paid and free charging stations across Australia. With a novated lease you get big tax savings on your charging costs at home and on the road.
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 Smart™ company.
^Fringe Benefits Tax (FBT) exemption available for eligible electric, plug in hybrid or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,387 in FY 2024-25). Plug-in Hybrid Electric Vehicles will only be eligible for the exemption if the vehicle is delivered, and the vehicle lease commences, before 1 April 2025. Vehicle delivery times are not guaranteed and subject to factors outside of Smart's control. Smart will not be held responsible where vehicles are delivered after 31 March 2025 due to such factors.
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