Our Novated Subscription cars
*Weekly price is based on the following assumptions:(1) salary: $120,000 gross p.a., (2) your employer’s admin fee is $240 p.a., (3) GST credits will be applied, (4) salary sacrifice using Employee Contribution Method (ECM) and FBT Exempt Method for Electric Car Discount eligible EVs, (5) luxury charge is applicable to your employer.
BYD Atto 1 Essential
Estimated cost: $126.16/week*
estimated tax savings: $59.37
BYD Atto 1 Premium
Estimated cost: $136.05/week*
estimated tax savings: $64.02
BYD Atto 2 Dynamic
Estimated cost: $145.32/week*
estimated tax savings: $68.39
BYD Atto 2 Premium
Estimated cost: $157.07/week*
estimated tax savings: $73.91
BYD Sealion 7 Premium
Estimated cost: 185.50/week*
estimated tax savings: $87.29
BYD Sealion 7 Performance
Estimated cost: $199/week*
estimated tax savings: $93.65
BYD Sealion 6 Essential
Estimated cost: $242.45/week*
estimated tax savings: $36.29
BYD Sealion 6 Dynamic Exte...
Estimated cost: $254.82*
estimated tax savings: $38.29
BYD Sealion 6 Premium Exte...
Estimated cost: $271.88*
estimated tax savings: $36.72
BYD Sealion 8 Dynamic FWD
Estimated cost: $277.17/week*
estimated tax savings: $32.69
BYD Sealion 8 Dynamic AWD
Estimated cost: $295.25/week*
estimated tax savings: $30.34
BYD Sealion 8 Premium AWD
Estimated cost: $320.66/week*
estimated tax savings: $$22.41
BYD Shark 6 Premium
Estimated cost: $331.03/week*
estimated tax savings: $52.61
BYD Shark 6 Performance
Estimated cost: $358.24/week*
estimated tax savings: $54.74
Mercedes-Benz G...
Estimated cost: $379.05/week*
estimated tax savings: $72.24
Mercedes-Benz G...
Estimated cost: $399.29/week*
estimated tax savings: $79.74
Toyota BZ4X
Estimated cost: $199.00/week*
estimated tax savings: $93.65
Toyota RAV4
Estimated cost: $265.00/week*
estimated tax savings: $41.49
Toyota Corolla Cross
Estimated cost: $260.70/week*
estimated tax savings: $52.86
Toyota Landcruiser...
Estimated cost: $444.13/week*
estimated tax savings: $70.20
Toyota Yaris Cross
Estimated cost: $246.14/week*
estimated tax savings: $53.56
Tesla Model Y
Estimated cost: $249.79/week*
estimated tax savings: $117.55
Tesla Model 3
Estimated cost: $225.07/week*
estimated tax savings: $105.91
Zeekr X RWD
Estimated cost: $216.41/week*
estimated tax savings: $101.84
Zeekr X Performance...
Estimated cost: $241.14/week*
estimated tax savings: $113.48
Zeekr 7X RWD
Estimated cost: $247.32/week*
estimated tax savings: $116.39
Zeekr 7X Long RNG RWD
Estimated cost: $265.87/week*
estimated tax savings: $125.11
Zeekr 7X Performance AWD
Estimated cost: $455.85/week*
estimated tax savings: $55.24
Our Novated Subscription cars
BYD Atto 1 Essential
Estimated cost: $126.16/week*
estimated tax savings: $59.37
BYD Atto 1 Premium
Estimated cost: $136.05/week*
estimated tax savings: $64.02
BYD Atto 2 Dynamic
Estimated cost: $145.32/week*
estimated tax savings: $68.39
BYD Atto 2 Premium
Estimated cost: $157.07/week*
estimated tax savings: $73.91
BYD Sealion 7 Premium
Estimated cost: 185.50/week*
estimated tax savings: $87.29
BYD Sealion 7 Performance
Estimated cost: $199/week*
estimated tax savings: $93.65
BYD Sealion 6 Essential
Estimated cost: $242.45/week*
estimated tax savings: $36.29
BYD Sealion 6 Dynamic Exte...
Estimated cost: $254.82*
estimated tax savings: $38.29
BYD Sealion 6 Premium Exte...
Estimated cost: $271.88*
estimated tax savings: $36.72
BYD Sealion 8 Dynamic FWD
Estimated cost: $277.17/week*
estimated tax savings: $32.69
BYD Sealion 8 Dynamic AWD
Estimated cost: $295.25/week*
estimated tax savings: $30.34
BYD Sealion 8 Premium AWD
Estimated cost: $320.66/week*
estimated tax savings: $$22.41
BYD Shark 6 Premium
Estimated cost: $331.03/week*
estimated tax savings: $52.61
BYD Shark 6 Performance
Estimated cost: $358.24/week*
estimated tax savings: $54.74
Mercedes-Benz G...
Estimated cost: $379.05/week*
estimated tax savings: $72.24
Mercedes-Benz G...
Estimated cost: $399.29/week*
estimated tax savings: $79.74
Toyota BZ4X
Estimated cost: $199.00/week*
estimated tax savings: $93.65
Toyota RAV4
Estimated cost: $265.00/week*
estimated tax savings: $41.49
Toyota Corolla Cross
Estimated cost: $260.70/week*
estimated tax savings: $52.86
Toyota Landcruiser...
Estimated cost: $444.13/week*
estimated tax savings: $70.20
Toyota Yaris Cross
Estimated cost: $246.14/week*
estimated tax savings: $53.56
Tesla Model Y
Estimated cost: $249.79/week*
estimated tax savings: $117.55
Tesla Model 3
Estimated cost: $225.07/week*
estimated tax savings: $105.91
Zeekr X RWD
Estimated cost: $216.41/week*
estimated tax savings: $101.84
Zeekr X Performance...
Estimated cost: $241.14/week*
estimated tax savings: $113.48
Zeekr 7X RWD
Estimated cost: $247.32/week*
estimated tax savings: $116.39
Zeekr 7X Long RNG RWD
Estimated cost: $265.87/week*
estimated tax savings: $125.11
Zeekr 7X Performance AWD
Estimated cost: $455.85/week*
estimated tax savings: $55.24
*Weekly price is based on the following assumptions:(1) salary: $120,000 gross p.a., (2) your employer’s admin fee is $240 p.a., (3) GST credits will be applied, (4) salary sacrifice using Employee Contribution Method (ECM) and FBT Exempt Method for Electric Car Discount eligible EVs, (5) luxury charge is applicable to your employer.
Looking for a novated option?
Why get a novated subscription
- Keep all the tax savings
Enjoy the exact same financial perks as a traditional novated lease. A novated subscription also allows you to package your car and running costs into one payment made from your pre-tax salary. If you choose a suitable EV you can also maximise savings through the government’s EV Fringe Benefits Tax (FBT) exemption.
- No long-term lock-ins
Traditional novated leases usually trap you in strict 3-to-5-year contracts. A Karmo novated subscription gives you ultimate flexibility with much shorter terms. Whether you want to test out the EV lifestyle or need a vehicle that adapts to your changing circumstances, you are never weighed down by a long-term commitment.
- Zero residual payouts
This is the ultimate game-changer. Standard novated leases require a hefty residual (balloon) payment at the end of your term, leaving you exposed to depreciation and negative equity. With a novated subscription, there is absolutely no residual risk. When your term is up, you simply hand the keys back with nothing more to pay.
- Effortlessly swap and upgrade
Car technology is advancing at lightning speed. Unlike a traditional lease where you are stuck with aging tech, a subscription ensures you never fall behind. At the end of your term, you can seamlessly hand back your car and swap into a brand-new vehicle with the latest features.
Karmo, in partnership with Smart, is redefining how Australians get behind the wheel with Novated Subscription; a first-of-its-kind product that blends the tax efficiency of novated leasing with the flexibility and convenience of car subscription.
The benefits
A win for employers
Boost your employee benefits at zero cost and minimal admin
Tax savings with real flexibility
Get the tax perks of novated leasing without long-term lock-ins.
Trusted Smart Group expertise
Backed by one of Australia’s leading salary packaging providers for a smooth, compliant setup.
One simple, all-inclusive payment
Car, insurance, rego, servicing; all wrapped into one predictable pre-tax payment.
Swap or upgrade anytime
Change cars as life changes, with no ownership headaches
Fast, hassle-free driving
Minimal paperwork, quick approvals and premium cars ready to go.
See How Karmo Compares
Still comparing your options? Here’s how we stack up against Novated leasing.
Table
Novated
Subscription
Novated Leasing
Minimum commitment
4 months
Usually 2-5 years
What’s included
Registration, insurance, servicing
Usually the car only
Credit score impact
No
Yes
Exit flexibility
Yes
Limited
To get started
Refundable bond + 2 weeks upfront
Deposit + fees apply
Vehicle age/quality
Always new cars
New cars
Depreciation risk
No
Yes
Pick-up time
Within 2 weeks
Within 30 days
See how Karmo's subscription compares
Still comparing your options? Here’s how Karmo’s EV subscription compares to novated subscription, traditional novated leasing and buying a car.
Novated Subscription
Personal Subscription
Novated Leasing
Buying
Minimum commitment
4 months
4 months
2-5 years
Ongoing
To get started
Refundable bond + 2 weeks upfront
Refundable bond + 2 weeks upfront
Deposit + fees apply
Large upfront deposit
Credit score impact
No
No
Yes
Yes (Finance)
Exit flexibility
Yes
Yes
Limited
No
Vehicle age/quality
Always new cars
Always new cars
New cars
Varies
Depreciation risk
No
No
Yes
Yes
Time to get into a car
Within 2 weeks
Usually same day
Within 30 days
Within 30 days
What’s included
Registration, insurance,
servicing
Registration, insurance,
servicing
Varies
Car only
Enquire now
Leave your details below, and we’ll reach out.
