Maxxia Drive in Five as seen on Cool Cars with Dermot Brereton and Elise Elliot
Here’s an example for a BMW X1, based on a salary of $80,000 driving 15,000 kilometers per year.
Over 5 years, with a novated lease with Maxxia you could potentially save over $23,500* in tax
Maxxia Drive in Five: MG EV
How about this MG ZS EV, and lets say someone earns $80,000 and drives 15,000 kilometers per year.
Over 5 years with a novated lease you could save over $16,000* in tax.
And with the help of the Electric Car discount, now you could save over $35,000*, that’s a difference of over $19,000*
Maxxia Drive in Five: Outlander PHEV
If you earn $80,000 and drive 15,000 kilometers per year, and take this Outlander Plug-in hybrid EV as an example.
Before the new incentive was in place, over 5 years with a novated lease you could save over $20,500* in tax.
And with the help of the Electric Car discount, now you could save over $48,200*, that’s a difference of over $27,600*
Maxxia Drive in Five: Mini EV
Lets take this Mini Cooper EV and say someone earns $80,000 and drives 15,000 kilometers per year.
Before the new incentive was in place, over 5 years with a novated lease you could save over $18,800* in tax.
And with the help of the Electric Car discount, now you could save over $43,900*, that’s a difference of over $25,000*
Electric and Hybrid Vehicle Offers
Tapping into Maxxia’s huge buyer network to take out a novated lease on an eligible electric or hybrid vehicle is a win-win: not only do you look after you and enjoy the convenience and potential financial savings of novated leasing, you’ll also be doing your bit for the environment.
Find out why a Novated Lease on a cool new car could make your money work for you. Fill in the form below and we’ll be in touch to help you into your cool new car.
*Novated Lease example: The estimated potential tax benefit is exclusive of GST and is based on the assumption that you would have paid for the lease from your post-tax salary (as opposed to salary packaging those payments from your pre-tax salary or a combination of your pre and post-tax salary). Payment includes: Your car payments, fuel or charging, registration, tyres, insurance and scheduled servicing. The estimated annual benefit will vary depending upon salary, employment circumstances, selected benefits and applicable tax treatment. The example assumes that the car is an eligible zero or low emissions vehicle, the value of the car at the first retail sale was below the luxury car tax threshold of $89,332 for fuel efficient vehicles, the car is first held and used on or after 1 July 2022, you earn $80,000 a year, a 5-year lease term, an annual distance travelled of 15,000 kilometers and a 28.13% residual value. The estimated annual operating costs includes estimates of fuel, charging costs, maintenance, tyres, registration, comprehensive insurance and fleet management fee and are exclusive of GST. GST of 1/11th is payable on your Employer Contribution Method (ECM) contributions. State Stamp Duty rates apply. PAYG tax rates effective 1 July 2020 have been used.
Things you need to know: 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