Novated Leasing
Set your life to cruise control with novated leasing
2 minute video
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.
What is novated leasing?
A tax-effective way to drive the car you’ve always wanted
A novated lease is a three-way agreement between you, your employer and your choice of financiers. 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.
The features and benefits of novated leasing
Tax Effective
Part of your payments come from your pre-tax salary, so your taxable income is reduced and you could pay less tax throughout the year.
Convenience
Say goodbye to bill shock. With a fully maintained novated lease, one regular payroll deduction covers all your car’s running costs.
Transparency
The Maxxia App lets you check your balances, change your details and allows flexibility with claiming.
Buying Power
Don’t limit yourself to one car sale. With Maxxia’s nationwide buying power, you get access to great offers across a range of manufacturers.
Maxxia Advantage
Maxxia does the heavy lifting you. We can source your car, negotiate a great drive-away price, manage the paperwork and even arrange the finance and insurance.
Easy Budgeting
We’ll create a manageable budget covering all your lease repayment and running costs in one regular payment. No more bill-juggling!
Novated lease benefits
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 or a pre loved one – and you don't have to be a high-income earner or drive lots of kilometres to benefit.
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.