Enjoy the Ultimate Benefits with BMW Novated Leasing.
You want a lease that works for you. BMW Finance Australia in partnership with Smart™ has made novated leasing even easier, so you drive away with the complete package.
Enjoy potential tax savings from paying with your pre-tax salary. Then there’s the flexibility of one simple payment that covers costs like leasing, insurance, servicing and fuel. And when your lease ends, there’s the peace of mind knowing your vehicle is backed by our BMW Guaranteed Future Value.
Get a lease package that has it all. Don’t miss out on the advantages of a BMW Novated Lease.
What is a BMW Novated Lease?
A novated lease is a three-way agreement between you, your employer, and BMW Finance Australia.
Your employer makes the lease payments from your pre-tax salary, potentially reducing your taxable income while giving you access to the BMW you've always wanted.
Why choose a BMW Novated Lease.
The Lease advantage.
Tax Benefits
- You could reduce your taxable income
- Pay for your BMW from your pre-tax and post-tax salary
- Save on GST both in relation to the vehicle and running costs
The BMW Advantage.
Enjoy the Ultimate Novated Lease Experience
- Access to the entire BMW range, from the dynamic 1 Series to the luxurious 7 Series
- Expert support from BMW Finance Specialists throughout your lease
- BMW Guaranteed Future Value with the opportunity to handback your vehicle at the end of your lease
- Enjoy the flexibility to trade-in, offer to pay it out and keep the vehicle or return your BMW when your lease ends, applying the BMW Guaranteed Future Value
The Smart™ advantage.
Total Cost Management
- The opportunity to bundle all vehicle expenses into one convenient payment, including running costs , fuel, insurance, and maintenance
- The convenience of budgeted, regular payments
Simplicity
- One simple payment covers everything
- Transparent online management of your lease
- Professional administration handles all the details
Flexibility for Every Driver.
Find a lease that works for you.
Finance Lease.
How it works:
A Finance Lease allows you to drive a BMW vehicle in exchange for regular rental payments over a fixed term, typically 24-60 months. At the end of the term, you have multiple options.
Key Benefits:
- Business Focus: Ideal for business use with potential tax deductions for business-related vehicle expenses
- Preserved Capital: Keep your capital free for other investments and business needs
- Flexible End of Term: Choose to refinance the residual (subject to finance approval), offer to pay it out and keep the vehicle or upgrade to a new BMW
- BMW Guaranteed Future Value: More options at the end of the agreement
Is It Right For You?
Finance Leasing is best suited for:
- Business owners and companies
- Businesses looking for potential tax advantages
Novated Lease.
How it works:
A Novated Lease is a three-way agreement between you, your employer, and BMW Finance where your employer makes lease payments from your pre-tax salary, potentially reducing your taxable income.
Key Benefits:
- Tax Efficiency: Potential reduction in taxable income through salary packaging
- GST Savings: Save GST both in relation to the vehicle and running costs
- Simplified Budgeting: Fixed regular payments for easier financial planning
- Vehicle Choice: Available across the entire BMW range
- BMW Guaranteed Future Value: End-of-lease protection against market fluctuations
- Flexibility: Options to trade-in, offer to pay it out and keep the vehicle or return your BMW when your lease ends, applying the BMW Guaranteed Future Value
Is It Right For You?
Novated leasing is best suited for employees of companies that offer salary packaging
Fully Maintained Novated Lease.
How it works:
A fully maintained novated lease includes all vehicle running costs which could be GST free. For an EV vehicle that is exempt from FBT, running costs can be bundled into one convenient pre-tax payment. creating a comprehensive "total package" solution. For all other vehicles, it can be a combination of pre-tax or post-tax payments.
Key Benefits:
- All-Inclusive Package: Running costs including fuel, insurance, registration, maintenance, and roadside assistance in one payment
- Tax Efficient: For an EV vehicle that is exempt from FBT, all bundled costs are paid from pre-tax salary, potentially maximizing tax savings. For all other vehicles, bundled costs can be a combination of pre-tax or post-tax payments, which could also mean tax savings.
- GST Savings: Save GST both in relation to the vehicle and running costs
- Budget Certainty: The convenience of planned, regular payments
- Simplified Administration: Online portal to manage all aspects of your lease
- BMW Guaranteed Future Value: More options when your lease ends
What’s included:
This may vary based on the benefits offered to you by your employer. But it may generally include:
- Vehicle Finance: The core lease payments for your chosen BMW
- Fuel & Charging: All fuel or charging costs for electric BMW models
- Insurance: Comprehensive vehicle insurance coverage
- Registration & CTP: Annual registration and compulsory third party insurance
- Servicing & Maintenance: Scheduled servicing and repairs
- Tyres: Replacement when needed
- Roadside Assistance: 24/7 emergency support
- BMW Service Inclusive: Manufacturer-backed service support
Is It Right For You?
Fully maintained novated leasing is best suited for employees of companies that offer salary packaging
How It Works.
Choose Your BMW
Select any new BMW that suits your lifestyle and driving needs. From the sporty 2 Series to the innovative iX, the choice is yours.
Customize Your Package
Work with our experts to structure a lease that fits your budget and includes all the running costs you need.
Approval Process
Once your employer agrees to the arrangement, we handle all the paperwork.
Drive Away
Take delivery of your new BMW and enjoy the drive, while we take care of the rest.
End of Lease Options
When your lease ends, choose to:
- Return your BMW and take advantage of the Guaranteed Future Value
- Offer to trade in for a new BMW model
- Offer to purchase your BMW for the residual value
- Extend your lease term (subject to approval)
Ready to Experience the Complete Package?
Contact our BMW Finance specialists today to discover how a novated lease can work for you.
Fees, conditions and eligibility criteria apply.
With BMW Full Circle, when you return the vehicle to us, its value is locked in so your termination liability is not affected by fluctuations in value, provided the vehicle is undamaged except for fair wear and tear as determined by our approved dealer and provided that the contracted kilometre allowance has not been exceeded. The Guaranteed Future Value is not a representation of the anticipated market value of the vehicle at the end of the contract term. To be eligible, vehicles must be built within 18 months and odometer cannot exceed 10,000km at contract commencement.
The information here is of a general nature and for your information only. Tax savings and cost to take-home pay are: (a) indicative and estimates only; and (b) can vary depending upon personal circumstances. Savings results should not be taken as a substitute for independent professional taxation and financial advice and tax advice is recommended as to any potential incentives and benefits that may be available in relation to novated leasing of electric vehicles.
Novated leasing finance is provided by BMW Australia Finance Ltd (ACN 007 101 715). Salary packaging and novated leasing administration services are provided by Smartsalary Pty Ltd (ACN 24 096 796 100) and Autopia Management Pty Ltd (ACN 111 369 049), which are Smart™ companies.