What is included in the novated lease repayments?
Before your novated lease starts
A novated lease bundles all of your car repayments and budgeted running costs into one regular payment directly from your pay.
You can use a mixture of post- and pre-tax funds to help pay for your fuel, tyres, insurance, registration, maintenance and even car detailing. By packaging these expenses under a novated lease, you could save on tax.
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.