We have exciting news! We have officially partnered with Smart, a leading salary packaging and novated leasing provider, to introduce a groundbreaking new solution: Flexible Novated Subscription. 

This innovative partnership is set to fundamentally challenge traditional car ownership models and change how working Australians access and finance their vehicles.

Ditch the long-term loan, embrace flexibility

For too long, car ownership has meant being locked into multi-year loans, dealing with hidden costs and wrestling with red tape. Novated subscription changes all of that.

We are combining the flexibility of car subscription with the financial advantages of novated leasing to offer a fully managed solution with a minimum term of just four months.

The Karmo and Smart partnership allows you to bundle almost all of your vehicle running costs into one simple payment which includes the cost of the new car, insurance, roadside assistance, registration and service & maintenance. 

This single payment is processed through novated leasing, which reduces your taxable income and makes your car significantly more cost-effective. As Nick Boucher, CEO of Karmo, puts it: “It’s the clever way to car.”

The benefits of novated subscription

Our partnership with Smart is built on providing maximum value and convenience. This fully managed solution offers a genuine alternative to traditional car loans and outright purchases, aligning with the growing consumer desire for simplicity and short-term mobility.Here’s what makes this solution a game-changer:

• Short-Term Flexibility: Access a government-approved novated subscription with a minimum commitment of just four months. Drive the car you need, for only as long as you need it.
• Maximum Savings: Increase your take-home pay by leveraging salary packaging advantages through Smart, Australia’s leading platform.
• Comprehensive Coverage: One simple monthly payment covers virtually all your running costs (insurance, servicing, registration, CTP, etc.), making vehicle access effortless.
• Wide Vehicle Choice: Select from our diverse range of vehicles; from fuel-efficient hybrids and family SUVs to top-tier electric vehicles (EVs).
• Employer Appeal: A smarter way for businesses to attract and retain talent, especially for mobile or short-term project workforces

A shift in consumer mindset

As Sid Jha, Group Executive, Novated Leasing and Electric Vehicle Services at Smart, notes: “Expectations around car ownership are shifting rapidly. Australians are looking for smarter, more flexible ways to drive the cars they want, for the time they need, while maximising their salary benefits.”

Karmo has already seen over 500% subscriber growth in the last three years, validating the demand for flexible car access. This strategic partnership with Smart will now rapidly accelerate market awareness, offering a seamless, fully managed, and cost-effective way to drive without the traditional financial burden.