FAQ: Fully Maintained Novated Leases vs Non Maintained Novated Leases

How does a Fully Maintained Novated Lease differ from a Non Maintained Novated Lease?

A Fully Maintained Novated Lease effectively takes care of all your routine (and some not so routine) car expenses. Under a Fully Maintained Novated Lease, a set amount is deducted from each salary or wage payment to cover your car lease, your car's running costs, and any FBT payable.

If the amount allowed for your car's running costs is more or less than the actual cost, the additional funds may be refunded to you, or you may need to make a top-up payment.

Fully Maintained Novated Lease arrangements commonly include:

  • A fuel card for fuel purchases
  • "Round the clock" Roadside Assistance
  • Car servicing and maintenance
  • Accident management services
  • Automatic registration renewal

A Fully Maintained Novated Lease is a convenient way of organising all of your car-related expenses at once, and knowing in advance that running costs are taken care of - never worry about servicing or registration again.

In contrast, Non Maintained Novated Leases, or "finance only" Novated Lease allow you to take advantage of potential tax savings through salary packaging and still retain control of your fuel purchases, servicing, maintenance and other running costs. Only the set lease costs of your car are deducted from your salary or wage payments. All other costs are paid by you as they fall due.

You can compare the repayments and savings of a Non-Maintained Novated Lease and a Fully Maintained Novated Lease quote in seconds by getting an instant online Novated Lease quote.