There’s never been a better time to get into an electric vehicle, and there’s never been a better way than through a novated lease with Maxxia.

With the Australian Government’s Electric Car (EV) Discount, taking out a novated lease on an EV just got a whole lot cheaper. So, if you were thinking about making the switch to an eligible electric or plug-in hybrid vehicle, your time is impeccable.

As one of Australia’s largest novated lease providers, we’re ready to help get you into an electric or plug-in hybrid car of your choice. We’ve geared up our systems and are working closely with key suppliers to help you make a confident choice – for yourself and the environment.

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FAQs

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EVs General EVs Novated Leasing

Electric and Hybrid Vehicle Offers

Tapping into Maxxia’s huge buyer network to take out a novated lease on an eligible electric or hybrid vehicle is a win-win: not only do you look after you and enjoy the convenience and potential financial savings of novated leasing, you’ll also be doing your bit for the environment.

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^*Novated Lease example: The estimated potential tax benefit is over the full-term of the lease (5 years) exclusive of GST and is based on the assumption that you would salary package using Employee Contribution Method (ECM) for the petrol vehicle and Fringe Benefits Tax Exempt Method for the electric vehicle. The Fringe Benefits Tax Exempt Method is only used for eligible electric vehicles under the luxury car tax threshold of $91,387. Payment includes: Your lease payments, fuel or charging, registration, tyres, insurance, scheduled servicing, fleet management fee and have been calculated on a GST exclusive basis on the assumption that your employer will be entitled to GST input tax credits and that they will pass on the benefit to you. The estimated annual benefit will vary depending upon salary, employment circumstances, selected benefits and applicable tax treatment. The example assumes you earn a gross annual salary of $90,000, a 5-year lease term, an annual distance travelled of 15,000kms, a 28.13% residual value and the EV is an eligible zero or low emissions vehicle that was first held and used on or after 1 July 2022. GST is payable on your ECM contributions. State Stamp Duty rates apply. PAYG tax rates effective 1 July 2024 have been used.

Things you need to know: Maxxia is an approved novated lease supplier on the NSW Health Administration Corporation Novated Leasing Panel. Maxxia is one of three approved suppliers of Novated Leases to NSW Health. 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. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Maxxia may receive commissions in connection with its services. Actual vehicle prices are based on specific vehicles and accessories, prices and savings may vary based on additional options selected with vehicle. Maxxia does not act as your agent or representative in respect of the purchase of any vehicle. Maxxia does not provide any advice or recommendations in relation to the purchase of any vehicle. Any FBT liability incurred as a result of Novated Leasing Agreements will be the employee’s responsibility. All calculations are for illustrative purposes only and are based on the income tax rates from July 1 2024. The 50% rate for Share of Savings has been applied for all saving examples. As per your employer’s policy, your savings from salary packaging will be shared with your employer. Share of savings will be automatically applied to your salary packaging arrangement. Please contact your salary packaging administrator to confirm the share of savings rate that applies to you. Your actual savings will depend on your income tax bracket, the GST processing method nominated by your employer, administration fees payable under your employer’s salary packaging plan and your personal circumstances.