Need a new car that is budget easing? Nelson has all the facts! A novated lease can assist with those cost-of-living pressures, letting you use some pretax money to pay for your new car and its running costs.
If you could pay less tax, get a great deal and enjoy budgeting convenience and the support of our expert teams through a novated lease, why wouldn’t you?
Available on new, used and even existing cars, novated leasing is an ATO-approved arrangement between you, your employer and a finance company that lets you use pre-tax dollars to pay for a car and its expenses.
Novated leasing also allows you to bundle not only your lease payments but your car’s running costs – including petrol, charging (if yours is an electric vehicle), insurance, rego and servicing – into one convenient regular payment.
Basically, a new, used or existing car is leased in your name, via your employer, and instead of paying with the money you have left over after tax, your lease is paid for via your payroll department with funds from a combination of your pre- and post-tax salary (or fully pre-tax on eligible electric, plug-in hybrid and hydrogen fuel cell vehicles).
While fringe benefits tax might apply, salary packaging a car could lower your taxable income and reduce the cost of getting into and running your next car.
A novated lease could benefit almost anyone who needs a car. You don't have to be a big earner or drive lots of kilometres to benefit. Best of all, with Maxxia you can rest assured you’ve got the life-of-lease support of one of Australia’s most experienced novated leasing provider.
Did you know you can salary package a new, used or existing car?
Thanks to our nationwide dealership network, you could get a great new-car deal – and that unforgettable new-car feeling.
Got a used car in mind? Seen something you like? We can help you take out a novated lease on a used car!
Already own a car? Paying it off? Get cash back for any equity you have in the car and start enjoying the benefits of novated leasing.
If you could enjoy a great new-car deal to complement the benefits of novated leasing, why wouldn’t you?
A novated lease allows you to use pre-tax dollars to pay for your car’s repayments and many of the running costs that you’d ordinarily have anyway – including registration, insurance and servicing – which could lower your taxable income while delivering a whole lot of budget convenience.
Plus, at the end of the lease, you have the option of upgrading to a new car while continuing to enjoy the same convenience and potential tax benefits.
No, a novated lease can be packaged in addition to any existing salary packaging caps. That means, if you work for a health or charitable organisation (and dependent on your employer’s salary packaging policy) you could package up to $9,010 and $15,900 respectively on full FBT items, as well as $2,650 on Meal Entertainment or venue hire, in addition to a novated lease.
Important information: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Maxxia may receive commissions in connection with its services.
