Australian salary packaging and novated leasing provider Smart has announced a new partnership with Omoda Jaecoo that will make novated leasing available across the brand’s national dealer network, giving customers access to lease quotes at the point of sale.
The agreement will see novated leasing offered through 52 Omoda Jaecoo dealerships around Australia, with dealer staff able to provide customers with novated lease options while they are shopping for a new vehicle.
According to Smart Group Executive, Novated Leasing and Electric Vehicle Services, Sid Jha, the partnership responds to growing consumer awareness of the financial benefits available through novated leasing.
“More Australians are discovering that novated leasing is one of the most effective ways to reduce the cost of a new car,” said Jha.
“Partnering with Omoda Jaecoo means eligible employees can now explore novated leasing while they’re shopping for their next Omoda or Jaecoo vehicle.”
The move reflects the increasing importance of novated leasing as a vehicle acquisition channel in Australia, particularly as salary earners seek ways to reduce vehicle ownership costs and take advantage of tax incentives available on eligible electric vehicles.
Roy Munoz, Chief Commercial Officer at Omoda Jaecoo Australia, said the partnership supports the company’s growth ambitions in the Australian market.
“Partnering in the novated leasing space is a key part of our growth strategy in Australia,” said Munoz.
“It opens up a highly competitive channel and ensures our vehicles are accessible to a broader audience, particularly salary earners looking for smarter, more cost-effective ownership solutions.”
The partnership could also support the uptake of electric vehicles within the Omoda Jaecoo range. The Jaecoo J5 EV qualifies for the Australian Government’s Electric Car Discount, allowing eligible employees to access Fringe Benefits Tax (FBT) exemptions when packaging the vehicle through their employer. This can deliver significant savings compared with traditional vehicle financing methods.
For fleet buyers and employers, novated leasing continues to play an increasingly important role in accelerating the adoption of lower-emission vehicles by reducing the upfront and ongoing costs associated with EV ownership.
The new “Omoda Jaecoo Novated Lease powered by Smart” offering is expected to be rolled out across participating dealerships in the coming weeks.
