Set your life to cruise control with novated leasing
A tax-effective way to drive the car you’ve always wanted
So, you keep hearing the term ‘novated leasing’. But apart from “that thing where you save tax”, what is it?
A novated lease is a three-way agreement between you, your department or agency and your choice of Maxxia’s preferred financiers, Bank SA or Macquarie.
Australian Tax Office-approved, salary packaging your car allows you to bundle not only your lease payments but all your car’s running costs including petrol, insurance and servicing into one convenient payroll deduction.
The two main benefits of salary packaging a car are the potential tax savings and the convenience.
Salary package your car
If you work for SA Health or the Legal Services Commission SA, a car can be packaged on top of your salary packaging cap limit using a combination of your pre and post-tax pay.
A novated lease could benefit almost anyone who needs a car. You don’t even have to get a brand new car – in fact, you can lease your existing vehicle – and you don't have to be a high-income earner or drive lots of kilometres to benefit. Contact us to find out more.
Double up on vehicle savings!
Need a bigger car to accommodate a growing family? Looking to downsize to something more economical? Love the performance that comes from having the latest model? Looking for the added safety that comes from driving a car with all the latest driver assist technologies?
There are lots of reasons to consider upgrading to a new car and these great offers are a good way to make it happen today. There’s never been a better time to get that new car smell for less!
What do my novated lease costs cover?
A combination of your pre and post-tax funds are set aside for your novated lease to cover on-road costs associated with running and maintaining your vehicle – such as fuel, registration, servicing and insurance.
Any contributions made in post-tax dollars towards your running costs can be used to reduce, or even eliminate, your FBT Liability.
Maxxia also provides the following services:
- After-market inclusions without paying GST
After it has been ordered, you can add accessories to your vehicle such as tinted windows, a Bluetooth device or a parking camera – GST-free.
- Maintenance pre-authorisation with a fully-maintained novated lease
Maxxia’s qualified mechanics will authorise work on your car using Maxxia’s preferred service network to ensure you don't pay for anything you don't need, or you can choose your own mechanic.