Novated Leasing

Novated Leasing

Introducing novated leasing the Maxxia way

What is Novated Leasing?

So, you keep hearing people at work using the term ‘novated leasing’, and you know John in finance has one.

But what is a novated lease?

Available on new, used and existing cars, novated leasing is a three-way salary packaging agreement between you, your employer and a finance company that allows you to bundle not only your lease payments but all your car’s running costs – including petrol, insurance, rego and servicing – into one convenient regular payment.

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. Whether you source a new or used car through our vast buyer network, or opt to package your current car through a Lifestyle Lease, you could benefit from the convenience, potential tax savings and peace of mind of that your account is managed by one of Australia’s leading novated leasing providers.

Find out how much you could save

So how does a novated lease 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 covered using funds from a combination of your pre and post-tax salary. 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.

Best of all, novated leasing is fully approved by the Australian Tax Office.

Three ways to benefit from a novated lease

Did you know you can salary package a new, used or existing car?

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New car

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Used car

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Existing car

How much could you save?

How much will a novated lease cost, and how much could it save you?

Work the numbers now

Tax Effective

Part of your payments come from your 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. No more bill-juggling!

Transparency

The Maxxia App lets you check your balances, change your details and allows flexibility with claiming.

Maxxia Advantage

Maxxia does the heavy lifting for you. We can source your car and negotiate a great drive-away price (for new or used cars only), manage the paperwork and arrange the finance and insurance.

Save on GST

You could save GST on your car’s running costs.

Dedicated Support

You’ll have dedicated access to our MyCar Customer Service and Maintenance teams. We’ll take much of the hassle out of paying for, and servicing your car.

Novated leasing: What's the catch?

There isn’t one! When it comes to salary packaging a new, used or existing car with Maxxia you can rest assured our fees are completely transparent. In exchange for managing your salary packaging account, we charge an administration fee that is agreed upon with your employer.

Put simply, a novated lease is, for many people, a cost-effective way to drive a car.