Salary packaging a car could save you time and money
With over 230,000 Australians currently salary packaging their car, a novated lease is a popular and tax-effective way to afford the car you want.
Novated leasing has many benefits with the main one being that you could save money.
Who can benefit from a novated lease?
You don't have to be a high-income earner or drive lots of kilometres to benefit. A novated lease could benefit almost anyone who has or needs a car.
By paying for your regular car expenses before you're taxed, you reduce your taxable income. That means you could pay less tax and increase your disposable income.
What is a novated lease?
A novated lease is an agreement between you, your employer and a financier. The car is leased in your name, and we arrange payment of the lease repayments and car running costs on your behalf, using a combination of your pre-tax and post-tax salary.
The car you lease is up to you. You can choose:
a new car
a used car
or your existing car.
If you are considering packaging a used car or your existing vehicle, some conditions may apply.
What are the benefits of a novated lease?
Potential savings
Because we source so many cars, our buying power means we can get competitive prices. When you finance a new car through a novated lease, you could enjoy GST savings upfront on the price of the car and save on running costs like maintenance, tyres and fuel.
Get more from your pay
With a novated lease, car lease repayments are made before your salary is taxed, this reduces your taxable income - and you could pay less tax. Because you pay less tax, you could end up with more disposable income.
Save time
A novated lease could save you time looking for a car and haggling with car salespeople. We manage the finance application process and get you a response as quickly as possible.
We do the hard work for you
We can provide an obligation-free quote to match your needs and help you find your car - and get a great deal. We also arrange your finance and comprehensive insurance if you'd like.
Things you need to know: 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.
