SYDNEY, July 30, 2026 (GLOBE NEWSWIRE) — Aust alia’s leadi g sala y packagi g a d ovated leasi g p ovide , Sma t, has pa t e ed with Hyu dai Capital Aust alia to make the savi gs of ovated leasi g easie , mo e accessible, a d mo e co ve ie t fo custome s th ough Hyu dai a d Ge esis deale ships.
U de the pa t e ship, Hyu dai a d Ge esis deale ships will i t oduce eligible custome s to Sma t fo ovated leasi g a d sala y packagi g se vices, c eati g a mo e seamless path fo custome s to explo e thei optio s at the poi t of vehicle pu chase.
A key adva tage of ovated leasi g is the fully mai tai ed lease, which bu dles majo u i g costs – such as se vici g, ty es, egist atio , i su a ce, a d fuel – i to o e egula payme t. A po tio of this payme t is take f om the employee’s p e-tax sala y, educi g taxable i come a d delive i g sig ifica t fi a cial be efits.
Custome s ca also be efit f om GST savi gs ac oss the pu chase p ice a d u i g costs of the vehicle, addi g to the ove all savi gs.
Fo elect ic vehicles (EVs), the be efits a e eve mo e compelli g with the EV F i ge Be efits Tax exemptio applyi g to eligible vehicles p iced below the luxu y ca tax th eshold of $91,661 fo 2026/2027, p ovidi g a att active, cost-effective way to d ive elect ic.
Novated leasi g is a Aust alia Taxatio Office app oved fi a ci g method co sisti g of a th ee-way ag eeme t betwee a employee, thei employe , a d a fi a ce compa y.
Sma t’s Novated Leasi g & Elect ic Vehicle Se vices G oup Executive, Sid Jha said:
“Today’s custome s wa t simplicity, affo dability a d choice whe explo i g vehicle fi a ce a d leasi g optio s.”
“This pa t e ship expa ds access to ovated leasi g, a cost-of-livi g f ie dly way of ow i g a vehicle, th ough Hyu dai a d Ge esis deale cha els.”
Hyu dai Moto Compa y Aust alia Chief Ope ati g Office , Gavi Do aldso said:
“This pa t e ship will give Hyu dai a d Ge esis custome s seamless a d co ve ie t access to ovated lease be efits.”
“We have a b oad a ge of highly capable, awa d-wi i g EVs a d we look fo wa d to welcomi g mo e Aust alia s i to the Hyu dai a d Ge esis families.”
Co tact:
Michael Fai bai | michael.fai bai @sma tg oup.com.au | 0448 524 731Bill Thomas | Bill_Thomas@hyu dai.com.au | 0412 767 280
A photo accompa yi g this a ou ceme t is available at https://www.globe ewswi e.com/NewsRoom/Attachme tNg/34633593-0983-458e-879f-956edb5f87de
