Skip to main content

Smart and Hyundai Capital Australia bring novated leasing to dealerships for onsite customer savings

Written by Customer Service on . Posted in Public Companies.

Smart novated leasing now available in Hyundai and Genesis dealerships

SX2 KONA Electric N Line, just one of the vehicles available through a novated lease and Hyundai or Genesis dealerships in Australia.
SX2 KONA Electric N Line, just one of the vehicles available through a novated lease and Hyundai or Genesis dealerships in Australia.

SYDNEY, July 30, 2026 (GLOBE NEWSWIRE) — Australia’s leading salary packaging and novated leasing provider, Smart, has partnered with Hyundai Capital Australia to make the savings of novated leasing easier, more accessible, and more convenient for customers through Hyundai and Genesis dealerships.

Under the partnership, Hyundai and Genesis dealerships will introduce eligible customers to Smart for novated leasing and salary packaging services, creating a more seamless path for customers to explore their options at the point of vehicle purchase.

A key advantage of novated leasing is the fully maintained lease, which bundles major running costs – such as servicing, tyres, registration, insurance, and fuel – into one regular payment. A portion of this payment is taken from the employee’s pre-tax salary, reducing taxable income and delivering significant financial benefits.

Customers can also benefit from GST savings across the purchase price and running costs of the vehicle, adding to the overall savings.

For electric vehicles (EVs), the benefits are even more compelling with the EV Fringe Benefits Tax exemption applying to eligible vehicles priced below the luxury car tax threshold of $91,661 for 2026/2027, providing an attractive, cost-effective way to drive electric.

Novated leasing is an Australian Taxation Office approved financing method consisting of a three-way agreement between an employee, their employer, and a finance company.

Smart’s Novated Leasing & Electric Vehicle Services Group Executive, Sid Jha said:

“Today’s customers want simplicity, affordability and choice when exploring vehicle finance and leasing options.”

“This partnership expands access to novated leasing, a cost-of-living friendly way of owning a vehicle, through Hyundai and Genesis dealer channels.”

Hyundai Motor Company Australia Chief Operating Officer, Gavin Donaldson said:

“This partnership will give Hyundai and Genesis customers seamless and convenient access to novated lease benefits.”

“We have a broad range of highly capable, award-winning EVs and we look forward to welcoming more Australians into the Hyundai and Genesis families.”

Contact:

Michael Fairbairn | michael.fairbairn@smartgroup.com.au | 0448 524 731
Bill Thomas | Bill_Thomas@hyundai.com.au | 0412 767 280

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34633593-0983-458e-879f-956edb5f87de

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.