

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.

Two different novated leasing options to choose from
• A fully-maintained lease – where Maxxia takes care of the lease setup and every part of the ongoing management for you.
• A self-managed lease – where you find your financier, negotiate your price, organise the paperwork and setup your own budgets.
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, or package your current car through a Lifestyle Lease (fully-maintained only), you could benefit from the convenience and potential tax savings that come with a novated lease.
Click on the links below to find out more

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.
Fully-maintained vs self-managed lease
Compare the difference between fully-maintained and self-managed lease here.
Three ways to benefit from a novated lease
Did you know you can salary package a new, used or existing car?

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

Novated leasing: The fees and charges
When it comes to salary packaging a new, used or existing car under a fully-maintained lease, Maxxia charges an administration fee that is agreed upon in advance with your employer. Click here to find out more about a fully-maintained lease.
For self-managed novated leases, in addition to Maxxia’s administration fee, your third party introducer may apply their own set of fees and charges for providing services to you.
It is important to note that for a fully-maintained novated lease Maxxia undertakes more of the work required to set up and maintain a lease but you may pay a higher interest rate for this service.
For a self-managed novated lease you will be required to do more of the work required to set up and maintain a lease but may be able to establish the lease at a lower interest rate than what you will be charged for the fully-maintained lease option. Different fees, responsibilities and charges apply to both options.
Please take the time to consider all of these components prior to making your decision on which lease option you want to choose
Make novated leasing work for you
Find out how much you could save or let us answer all your questions
How much could you save?
How much will a fully-maintained novated lease cost, and how much could it save you?
Salary packaging your car needn't be complicated
We get it: anything to do with tax and wages can be confusing, but we’ve got you covered.
