Did you know you could enjoy the perks of novated leasing on your existing car?

Salary packaging your car through a Sale and Leaseback arrangement allows you all the convenience and potential tax savings of a novated lease. And if you own your car outright you could unlock the equity in it, possibly freeing up a cash lump sum to spend as you please.

Here’s a real-life Sale and Leaseback customer story:

Cindy Wall was in a conundrum: she loved her 2017 Holden Captiva, but the finance arrangement on it, not so much.

Then one day a Maxxia Customer Education Manager visited her workplace. Having salary packaged a car through a previous employer, she was aware of the tax benefits and convenience, and the Maxxia representative explained that by switching her existing loan to a Sale and Leaseback, she could improve her situation.

“I was struggling financially and when looking at the quotation I felt it would be more beneficial,” she says.

Cindy, who mainly uses the car for driving to work and collecting her children, says the transition was smooth and hassle-free. “The people I dealt with were patient and maintained email communication prior to me making a final decision to proceed. From the time I started the process to the end of all the paperwork they were always responsive by email or phone. And they helped me through the paperwork.”

Cindy says she’d recommend a novated lease to anyone. “The convenience of someone managing the payments; knowing financially that funds are available for anything to do with the car when it is needed… and the fuel card – I’m no longer scrounging for petrol money,” she says.

To find out more about Sale and Leaseback, click here for more information.