Novated Leasing

Novated Leasing

Novated Leasing for Department of Education employees

As one of Australia’s largest novated leasing providers, we’re here to help you get the car you want while also providing the convenience and potential tax savings that come with salary packaging a car.

How can we help?

What is novated leasing?

If you could pay less tax, get a great deal on a new car and enjoy the budgeting convenience of having your finance and running costs covered in one regular payment, why wouldn’t you?

Available on new, used and even some existing cars, novated leasing is an ATO-approved arrangement between you, your employer and a finance company that lets you use pre-tax dollars to pay for a car and its expenses.

Novated leasing also allows you to bundle not only your lease payments, but your car’s running costs – including petrol, insurance, registration, servicing and charging (if yours is an electric vehicle) – into one convenient regular payment.

How does a novated lease work?

With a novated lease you could get a new, used or existing car leased in your name, via the Department of Education. Then, instead of paying for your lease 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.

Novated leasing could reduce the cost of getting into and running your next car and potentially lower your taxable income.

You don't necessarily have to be a big earner or drive lots of kilometres to benefit, a novated lease could benefit almost anyone who needs a car.

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 provider.

If watching a video could help you pay less tax, why wouldn't you?

Novated Leasing Calculator

Want to see how much you could save?

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Tax Effective

With a novated lease, part of your payments come from your pre-tax salary, so your taxable income could be reduced and you may end up paying 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 lease repayments and running costs.

Transparency

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

Buying Power

When you lease a car through Maxxia you get access to our network and some of the best deals and manufacturers across the country.

Maxxia Advantage

Maxxia does the heavy lifting for you. We can source your car, negotiate a great price, manage the paperwork and even arrange the finance and insurance.

Easy Budgeting

We’ll create a manageable budget covering all your lease repayments and running costs in one regular payment. No more bill-juggling!

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

Did you know you can salary package a new, used or, in some cases, even an existing car?

Thanks to our nationwide dealership network, you could get a great new-car deal – and that unforgettable new-car feeling.

New car

Used icon

Got a used car in mind? Seen something you like? We can help you take out a novated lease on a used car!

Used car

Existing icon

Already own a car? Paying it off? Get cash back for any equity you have in the car and start enjoying the benefits of novated leasing.

Existing car

Our latest
new car offers

If you could enjoy a great new-car deal to complement the benefits of novated leasing, why wouldn’t you?

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Electric Vehicles

Motorvated to do something good for you and the environment? Take out a novated lease on an eco-friendly vehicle.

Find out more

Frequently Asked Questions

faqlink

I prefer vehicle ownership over leasing – why should I lease?

A novated lease allows you to use pre-tax dollars to pay for your car’s repayments and many of the running costs that you’d ordinarily have anyway – including registration, insurance and servicing – which could lower your taxable income while delivering a whole lot of budget convenience.

Plus, at the end of the lease, you have the option of upgrading to a new car while continuing to enjoy the same convenience and potential tax benefits.

How does novated leasing compare to a car loan?

Hold the GST

That’s right – when you source a new car through Maxxia you not only get access to our nationwide buying power, meaning competitive prices on an extensive range of new cars, but you don't pay GST upfront on the price of the car.

Our nationwide buying power gives us access to lots of great cars – and great deals.

Potential tax savings

Because part of your car payments come from your pre-tax salary, your taxable income could be less. (Once your deductions commence, your payslip will show the pre- and post-tax deductions made to Maxxia relating to your novated lease). With a regular car loan, you’d be making payments with your post-tax salary – and giving more to the tax office.

Access to competitive third-party pricing

As one of Australia’s leading novated lease providers, we have long-held relationships with suppliers and insurers nationwide and can help you get competitive prices. No more worries about insurance coverage and over-charging mechanics.

Roll up, roll up

Cruising along an open road in your new car aside, it’s the convenience of a novated lease that many enjoy. In addition to your car lease repayments, all of your running costs – fuel, servicing, insurance and registration – are rolled up into one regular payroll deduction. And the cherry on top? You could save on tax!

What information do I need before I call to enquire about novated leasing?

It depends on how much information you require on your initial phone call, but it might be a good idea to have at your disposal:

the make and model of your current car (if you have one);
an idea of the make and model of the car you want;
an approximation of your current car’s running costs;
how many kilometres you think you’ll travel each year;
details of your employment and annual income

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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.

Maxxia Pty Ltd | ABN 39 082 449 036.

Novated Leasing

Novated Leasing