Maxxia Novated Leasing
Maxxia Novated Leasing

Do more with your money – start novated leasing today

Novated leasing could make getting into a new car more affordable and convenient. So why not make the most of it?

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Novated leasing in a nutshell

Novated leasing lets you salary package the cost of getting into and running a car with some of your before-tax dollars, which means you could lower your taxable income.

Watch our video to find out more

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Save GST

You save GST on the purchase price, and won’t pay any upfront fees.

Convenience

We can help you find the car you want and take care of all the haggling, paperwork, finance and insurance for you.

Transparency

Online account access allows you to check your balances, change your details and make a claim, 24/7.

Lower purchase price

Take advantage of Maxxia’s huge buying power so you get a great deal on the car you want.

Choice of fuel cards

We'll give you your choice of BP, Ampol or Shell fuel cards so you can fill up with before-tax dollars and never have to worry about getting caught short with no cash.

Easy budgeting

We can arrange a budget that covers all your lease repayment and running costs so you’re left with one regular set-and-forget payment drawn from your salary each pay. So no more juggling bills or due dates!

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To find out more, leave us your details and we'll contact you

Contact Maxxia today
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FAQs

Can I lease a used car even if it's my current car?

Yes. With a novated lease you're not limited to any particular car type, model or make, unless stipulated by your employer. In most cases, you are free to choose the car you wish to lease, be it new, used or even your existing car. (Some conditions may apply and the age of the car you wish to lease needs to be considered.)

Will Maxxia take over an existing car lease or finance?

If your current car is financed through a personal loan or dealer finance, or it’s under an existing novated lease, we may be able to transfer that into a novated lease. This depends on your personal situation as well as your employer’s policy.

What does FBT mean?

Fringe Benefits Tax (FBT) is a tax applied to benefits you receive from your employer that are not in the form of cash, salary or wages.
What does ECM mean?
The Employee Contribution Method uses post-tax deductions from your salary to help offset the FBT payable on your novated lease. Post-tax means we take this portion from your salary after income tax has been deducted. You will see an amount of ECM noted in your quote or from the online calculator result. We use the ECM method to make managing your novated lease simpler for you. By paying using the ECM (or post-tax deduction), you reduce the taxable value of the car, which in turn reduces the FBT payable to nil and minimises the risk of having an FBT liability at the end of a FBT year (31 March).
What happens at the end of the lease?

A novated lease agreement generally lasts between one and five years. We’ll contact you before your novated lease expires to talk you through your options. Depending on your employer policy and situation, you may be able to:

  • Upgrade to the latest model by trading in your current vehicle and paying any amount owing.
  • Refinance the car.
  • Keep the car and pay the remaining amount owing on the car.
  • Sell the car and pay off the remaining amount owing.
What if I change jobs, or lose my job?

Then you may have a number of options available to you:

  • Pay or finance the amount owing and buy the vehicle outright.
  • Continue paying the lease and running costs yourself, using only post-tax salary.
  • Transfer the lease to your new employer (subject to your new employer's approval).
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