Novated Leasing
Novated Leasing, the Maxxia way
As one of Australia’s largest novated leasing providers, we’re about helping you get the car you want while also providing the convenience and potential tax savings that come with salary packaging a car.
What is a novated lease?
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.
So, how does novated leasing work?
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 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 providers.
If watching a video could help you pay less tax, why wouldn't you?
Three ways you could benefit from a Novated Lease.
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.
You could save thousands in tax, all thanks to Maxxia's novated leasing.
Interested to find out more? Fill in your details below.
A Range of Features and Benefits
Tax effective
Part of your payments come from pre-tax salary, so your taxable income could be reduced and you may end up paying less income tax throughout the year.
Easy budgeting
Say goodbye to bill-shock. We’ll work with you draw up a manageable budget covering all your lease repayments and running costs in one regular payment.
Transparency
The Maxxia App lets you check your balances, change your details and provides on-the-go flexibility with claiming.
Maxxia advantage
Let us do the heavy lifting. We can source your car and negotiate a great price, manage the paperwork and arrange the finance and insurance.
Dedicated support
You’ll have dedicated, life-of-lease access to our MyCar Customer Service and Maintenance teams. We’ll take much of the hassle out of paying for and servicing you car.
Our latest new car offers
If you could enjoy a great new-car deal to complement the benefits of novated leasing, why wouldn’t you?
FAQs
Got questions? We’ve got answers.
I prefer vehicle ownership over leasing – why should I lease?
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.
Does novated leasing impact any other salary packaging benefits I might have or be entitled to?
What information do I need before I call to enquire about novated leasing?
It depends on how much information you require on your initial phone call, but it might be a good idea to have at your disposal:
- the make and model of your current car (if you have one);
- an idea of the make and model of the car you want;
- approximation of your current car’s yearly running costs;
- how many kilometres you think you’ll travel each year;
- your employer and annual income.
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.