A new lease is the most innovative way to get a new car. It includes the purchase price and budgeted running costs paid from your pre-tax salary.
You can also claim tax deductions for fuel, servicing, tyres, registration and car insurance.
Our novated lease calculator helps you crunch the numbers. It’s simple and easy to use. For more information about the novated lease calculator, click here.
Calculate your monthly repayments.
A novated lease is a tax-efficient way to finance a car. Unlike a conventional loan, the payments are from pre-tax salary dollars, meaning you pay less tax and have more disposable income. You also don’t pay GST on the vehicle or running costs, which can add up to thousands of dollars in savings.
With a novated lease, all the expenses of driving your car can be included in one convenient monthly repayment. It includes insurance, registration, fuel, tyres and scheduled servicing. The best part is that you can choose how much or little you want to have in the plan initially.
At the end of your novated lease, you can trade in your car and buy a new one, pay the residual value and keep it or sell it privately. You can keep your novated lease and transfer it to a new employer if you change jobs. Maxxia’s experienced team can help you through every step of the process, sourcing and negotiating prices, arranging financing and setting up your payroll deductions.
Calculate your residual value.
A residual value is the expected price that a car will have at the end of its lease. It’s important to know this number as it can help you decide whether a leasing arrangement is right for you.
Novated leasing is a vehicle finance package that allows you to save tax and get a budgeted car payment. The payments and running costs are paid from your pre-tax salary, which means your taxable income is lower, and you may have more spending money in the bank.
Calculate your final payment.
A novated lease is an employee car finance option that allows you to sacrifice your new vehicle purchase and running costs from your pre-tax salary. It can save you a significant amount of money, depending on your income and choice of vehicle.
It’s an innovative way to buy a car and a salary package for other expenses like fuel, servicing, tyres and more. It’s also a great way to upgrade to a more expensive vehicle for the same take-home pay or get into a new or used car without selling your current one. For more information about the novated lease calculator, click here.
When salary packages a new car through Maxxia, we take care of the entire process, from finding and sourcing your ideal vehicle to negotiating price, arranging finance, and arranging your payroll deductions. We can even manage your ongoing running costs by providing a novated fleet management card to help you with purchasing fuel and operating expenses, as well as organising maintenance via our nationwide preferred dealer network.
Calculate your tax deductions.
A novated lease is a three-party agreement between an employee, their employer and Fleetcare. It allows employees to salary package the car purchase price and running costs into a single payment deducted from pre-tax salary. It can be very cost-effective for most employees as Fringe Benefit Tax (FBT) and GST can be avoided on the vehicle purchase price, servicing costs and fuel as these are bundled into a novated lease payment and paid with before-tax money.
The most common type of novated lease is a fully maintained one, which includes all the car’s operating costs, such as fuel, servicing, registration, breakdown assistance and yearly car insurance.
A Novated Lease Calculator helps employees decide if a salary sacrifice is right for them. These calculators are easy to use and are not intended to replace a financial professional. They are simply a tool to give you an estimate of what your repayments would be if you were to take out a loan with the numbers that have been inputted.