The HOW
If you’re on the look out for new wheels and ways to save, a novated lease could be an option. There’s a boot load of potential benefits including paying less income tax, getting access to our huge dealer network plus our ongoing, no-question-is-too-hard support.
How does novated leasing work? Novated leasing is when some of your car payments can be paid with before tax money. This should leave you with more disposable income. Plus you have a new ride.
The WHY
One reason so many Australians use novated leasing is because of the potential tax benefits, all while they get to drive a new car. And it all happens with one budget-friendly payment, per pay. There’s a stack of benefits that come with novated leasing because one payment covers all the car’s regular expenses, from fuel or charging, a service, to tyres.
Will RemServ take over an existing car lease or finance?
We may be able to transfer your current car if it’s financed through a personal loan, under an existing novated lease or from July 1, financed through a Queensland Government appointed Novated Lease Panel Provider. However, conditions may apply depending on your personal situation and employer’s policy which can be found in the Novated Lease Information Booklet.
Can I lease a used car – even if it's my current car?
Absolutely. Novated leases are available for most car types, models or makes. You can lease a new or used car or even your existing car. However, restrictions around the age of the car apply. For more information, please refer to the Novated lease Information Booklet.
What does this change to financiers mean for me?
If a Queensland Government employee wants to re-novate an existing lease, or establish a new novated lease from July 1, 2019, they can only use one of the novated leasing panel’s financiers for vehicle finance. This is to ensure greater security and transparency for employees. All employees are advised to seek independent financial advice prior to establishing a novated lease. Financial advisers and financial planners cannot arrange or provide finance, other than through a panel provider, from 1 July 2019 also. You can read more in the fact sheets below.
Is servicing my vehicle included in a novated lease?
Yes it is. What’s more, with a fully-maintained lease all you have to do is drop off your car at a service centre or repairer of your choice, and instruct them to call us. Our team of dedicated mechanics will then negotiate the price and services required on your behalf to ensure you get the best deal possible.
Could a new car with novated leasing save you thousands in tax?
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*All eligible vehicles must be ordered before 30/06/2025 (unless extended), or while stocks last. Displayed price is only available through a novated lease administered by Maxxia. Weekly costs have been determined based on the following assumptions: 1) The lease is a Maxxia fully maintained lease, 2) a 5 year term, 3) a residual value of 28.13% of the vehicle purchase price payable at the end of term, 4) Inclusion of finance and budgeted costs for: fuel or electricity, 8 replacement tyres, maintenance, roadside assistance, registration, CTP and comprehensive insurance, 5) Gross annual salary is $90,000 6) Vehicle purchased in NSW, 7) 15,000km per annum, 8) Salary Sacrifice using Employee Contribution Method (ECM) or Fringe Benefits Tax Exempt Method. The Fringe Benefits Tax Exempt Method is only used for eligible electric vehicles under the luxury car tax threshold of $91,387. The indicative price quoted for the novated lease is based on vehicle quotations Maxxia has received within the last 45 days and does not include any optional extras. Any optional extras that you choose will affect the cost of the novated lease and residual value. If you purchase the vehicle on termination of the novated lease, GST will apply on the purchase price you pay at that time. The novated lease offer is based on the assumption outlined above, and is an indicative cost approximation of the selected vehicle and model shown and the amounts may change at the time the novated lease quotation is completed and finalised. Your individual circumstances have not been taken into account as this will affect the overall weekly cost amount and the benefits of a novated lease. These specials cannot be used in conjunction with any other offer. From 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under FBT law. However, you can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue providing private use of the vehicle on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding.
^Savings shown are indicative and reflect estimated tax savings over the full-term of the lease. The total amount saved is a comparison between a novated lease based on the assumption outlined above and the purchase of a vehicle and payment of running and maintenance costs using post-tax earnings. Actual savings will depend on your personal circumstances.
#Please note that stock levels vary from time-to-time and so certain vehicles may not be available at the time of enquiry.
From 1 April 2025, a plug-in hybrid electric vehicle is no longer considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must have been delivered by midnight on 31 March 2025.
Things you need to know: The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings will depend on your individual circumstances. The information in this publication has been prepared by RemServ for general information purposes only, without taking into consideration any individual circumstances. RemServ and the Queensland Government recommend that before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Standard Novation Agreement, Salary Packaging Participation Agreement and the relevant Queensland Government Salary Packaging and Novated Leasing Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.
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. RemServ may receive commissions in connection with its services.
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