Novated Leasing FAQs

We provide novated leasing via our sister company, Maxxia — one of Australia’s largest providers of novated lease administration.

Under a novated lease, part or all of your employee’s repayments are sourced from pre-tax salary, which could lower their taxable income and save them thousands of dollars a year in tax. Employees don't pay GST on cars purchased through a dealership. Any running costs included in a novated lease — such as fuel, tyres and maintenance — are budgeted for upfront and are GST neutral.

One of our dedicated specialists will work with you to calculate your annual vehicle expenses in addition to the car repayment amount based on the car of your choice. Once you choose your desired lease period — normally one to five years — the overall budget is calculated to provide you confidence that future running costs have been allocated for.

Near the end of your lease – usually six months prior to the end of the lease – we will contact you to discuss your options, which include:

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• Paying the amount owed and keeping the car
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• Refinancing the car (conditions may apply if the car is more than seven years old at the end of the lease, or valued at below $5,000)
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• Upgrading to a new car (we can assist in trading in your current vehicle to payout the amount owing)
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• Sell the car and pay off the remaining amount owing

Prior to the end of your lease you will receive an email from us that provides information regarding your novated lease account, your options, and the residual payment you will need to make to your financier, as well as next steps.

Getting approval for your novated lease is fast and easy. Wherever possible, applications are approved within four hours of receiving the request.

It’s usually a good idea to have at your disposal:

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• Registration and odometer reading of your current car (if you have one);
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• An idea of the make and model of the car you want;
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• Approximation of your current car’s running costs;
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• How many kilometres you think you’ll travel each year;
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• Your employer and annual income.