What Cars can I get on a Novated Lease?
Perhaps you’ve heard about novated leasing and maybe even considered that it might be right for you. The potential tax effectiveness of this popular salary packaging benefit could be worth it from a financial point of view but that’s not all that matters, is it?
A car is a big purchase and also a very personal one. Many people like their cars to reflect their own personality or personal brand – and a wide range of vehicles from which to choose is important when making this decision.
But what exactly are your options when picking out a car for your novated lease?
Good news — there are very few restrictions. In fact, not only can you get into most makes and models on a novated lease, but we can even help find the vehicle for you. Thanks to Maxxia’s huge buying power we can source vehicles from a nationwide network of dealerships – so actually, with Maxxia, you could have access to a much wider range of vehicles than may not have been locally available to you buying privately.
But the good news doesn’t stop there – our buying power also means that we could get you a great price on the vehicle of your choosing – so you could potentially make great savings!
But before you rush off and get a novated lease – let’s quickly run through the restrictions.
You can get a novated lease on:
Under government legislation a car is defined as “a motor vehicle (except a motorcycle or similar vehicle) designed to carry a load of less than one tonne and fewer than nine passengers”. So as you can see, while that does exclude trucks and some vans and utes – you’re pretty much free to choose to your heart’s content.
One other restriction that applies is around the age of the vehicle. It’s a general requirement of our leasing companies that the car is no older than 12 years at the end of the lease term. There is however, a useful exception to this rule for the classic car lovers out there – prestige and collectable vehicles that retain their value over time. In these situations a chat with your Maxxia consultant will help you determine if the vehicle in question fits under this exclusion.
So there you have it – whether you’re after an economical runabout or highway cruiser, Maxxia could help you get behind the wheel of that special car of your dreams with a novated lease. Ready to learn more? Give Maxxia a call on 1300 123 123 or get in touch with us online.
This website contains general information and doesn't take your personal circumstances into account. Seek professional independent advice before making a decision.