How to salary package a car?
Salary packaging a car can literally save you thousand’s of dollars. Salary packaging is the process of paying for your car out of your gross earnings before you have to pay tax. This is a tax effective way to own a car.
Best of all, you do not have to use this car for work purposes, you can use it 100% of the time for personal use.
More and more Australian companies are adopting salary packaging as a way to incentivise existing employees to stay, a way of not actually paying you more so the employers cost remain the same but a way YOU, as the employee can benefit further. It’s also becoming an increasingly popular way to recruit staff.
A Salary Packaging Calculator are available online and you can work out exactly how much you will save off the price of your next car. You DO NOT have to buy a brand new car, you can salary package a second hand vehicle.
If you want more information on Salary packaging visit the company website by clicking the words Salary Packaging and one of our expert consultants will be in touch to chat you through in depth how salary packaging works and how to make it benefit you!
Remembering, salary packaging is a novated lease which is just another form of car finance, so give our team a call today.
Other sites which may be of interest to you include these Australian favourites:
• Car Lease
• Car Finance
