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What is a novated lease?

Discover a smarter way to own your new Chery with a novated lease, powered by Smart™, Australia's leading novated leasing provider. Novated leasing bundles your vehicle finance and all running costs such as fuel, insurance, and servicing into one simple payment directly from your pre-tax salary. By reducing your taxable income, you'll save money and enjoy a hassle-free ownership experience. It's the most cost-effective way to drive.

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A novated lease with Smart™ helps you drive your salary further in many ways.

How novated leasing works

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Choose your Chery

Get a quote for your preferred Chery car and different lease terms.

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Lock in your lease agreement

Obtain finance approval and sign your lease agreement.

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Drive & Enjoy

Your employer takes lease payments and running costs straight from your pre-tax pay.

Why novated leasing makes sense

Benefits

Electric

Go electric and pay no FBT

Eligible electric vehicles under the luxury car tax threshold are exempt from Fringe Benefits Tax.**

The whole cost of your lease comes out of pre-tax salary

  • FBT exempt on eligible EVs**
  • Charging included in your budget
  • Lower servicing costs

 

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Find the Chery that fits your life and your budget

Applicable Models

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Tiggo 4

#1 Best Selling Small SUV*

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Tiggo 8 Pro Max

7-seater Large SUV

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Tiggo 4 Hybrid

5-seater Small SUV

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Tiggo 8 Super Hybrid

7-seater Large SUV

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Chery C5 HEV Listing

Chery C5 Hybrid

5-seater Small SUV

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Tiggo 7

5-seater Medium SUV

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Tiggo 9 Super Hybrid

7-seater Large SUV

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Chery E5

5-seater Small SUV

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Side_Thumbnail_Tiggo_7_PHEV_w_SUPER

Tiggo 7 Super Hybrid

5-seater Medium SUV

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Side_Thumbnail_Omoda_C5

Chery C5

5-seater Small SUV

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*GST is not payable on the purchase price of a vehicle financed through a novated lease (GST savings are calculated on the FBT base value of the vehicle, up to the claimable limit [$6,334 in FY 2025-26] unless exempt).

**GST and Fringe Benefits Tax (FBT) are not payable on the purchase price of eligible EVs financed through a novated lease. Other taxes may still apply. ‘Eligible EV’ refers to electric vehicles purchased under a novated lease and eligible for the FBT exemption under the Federal Government’s Electric Car Discount Policy. FBT exemption is available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,661 in FY 2026-27). See the Australian Taxation Office website for full eligibility criteria.

General Conditions

  • Orders must be placed directly by an approved Novated Lease Provider or Fleet Management Organisation (FMO).
  • All orders must include:
    • Driver's Name
    • Employer's Name
    • A clear statement confirming the order is for a Novated Lease
    • Vehicles under this program must not be advertised with a discounted driveaway price.