How does novated leasing compare to a car loan?
Before your novated lease starts
A novated lease could bring many benefits that you wouldn’t ordinarily get with other forms of car finance.
Potential GST savings
You could save GST on the price of a car acquired through a dealership for the purposes of a novated lease, as well as some regular running costs.
Potential tax savings
Because part of your car payments come from your pre-tax salary, your taxable income could be less.
Dealer network
Our nationwide buying power gives us access to lots of great cars – and potentially great deals.
Access to competitive third-party pricing
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.
Budget convenience
In addition to your car repayment, you have the option to package all your regular running costs – including fuel, servicing, insurance and registration – into one regular payroll deduction.
Disclaimer: 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. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.