Thinking about a new car?
Car packaging – or novated leasing, as it is more commonly known – is one of the smartest and most cost-effective ways to buy the car you really want. 

A novated lease can be a great way to save yourself the upfront costs of purchasing a new car through our national fleet buying power as well as the benefit of paying no GST on the purchase price. The running costs of the vehicle and the lease payments are then bundled into one easy instalment which comes out of your pre-tax income which also gives you the benefit of reducing the tax you pay. Finally the benefit of having the costs budgeted for and paid monthly means that you are not hit with any unexpected costs over the course of your lease. 

A novated lease vehicle is yours to use 100% of the time, and lease repayments are fixed for the term of the lease. 

How much could I save?

The below example demonstrates how a Novated Lease has provided an additional $102.66 per fortnight in this employees pay. This extra money is a result of paying for car repayments and expenses with pre-tax salary which reduces taxable income. This person also saves a total of $10,347.14.* over the life of the lease.

What is included in a novated lease? 

A Novated Lease Package includes Lease Payments, Tyres, Fuel, Servicing, Comprehensive Insurance, Roadside Assistance, Registration, CTP and all applicable fees and charges budgeted for the full term of the Lease. 

The Prosperity Smart Drive team handle all aspects of your lease, from sourcing the vehicle, getting the best price for your existing car, arranging finance, through to managing the ongoing running costs of your car. 

All of Prosperity’s novated leasing clients have access to the Smart Drive driver portal, which is a secure, online system where all aspects of your lease can be managed; you can view your balances, submit and view expense claims, and more. You can also download the Prosperity app to access the Smart Drive portal on the go. 

If you would like to discuss your next car purchase, or if you have a novated lease with us you would like to discuss, please call our Prosperity Smart Drive team on 1300 761 388 or email

*Example calculated on a $30,000 purchase price of new vehicle, leased over 3 years, travelling 15,000 kilometres per year for Employee earning $75,000 ($2,884.62 before tax per fortnight) gross salary.

Above example is based off Public Benevolent Institution** with $30,000 grossed up FBT Exemption ($611.53 benefit per fortnight).  Fuel, servicing, roadside assist and tyres are estimates only based on expected kilometres travelled, servicing intervals, make and model of vehicle, drive away price of vehicle and average cost of fuel and Insurances.  Repayments are calculated using Macquarie Leasing’s current all-time low Novated Leasing rate of 3.19% to approved purchasers subject to meeting lending criteria for approval.

**A Public Benevolent Institution (PBI) is a charity whose main purpose is to relieve poverty, sickness, suffering or disability. Examples of PBI include; Disability Support Services, some not-for-profit Aged Care facilities, housing bodies that provide low rental or subsidised accommodation to underprivileged persons affected by poverty, sickness or disability, some Medical Research facilities and Community Health Care facilities.