If you’ve been thinking about purchasing a brand new car but are a little unsure about how you can afford to service the loan, then salary packaging cars is one idea you might want to explore a little further.

As you might already be aware, salary sacrifice can be used as an effective means to purchase all manner of items. Whether it be electronic goods or other devices, it’s possible to purchase a new car as part of a salary package deal.

What’s the benefit of doing so you ask? Big savings is one reason because you gain the ability to spend your income before it’s taxed. That’s what salary packaging cars is all about. Making your dollar go further which gives you the buying power you may not have with your after tax dollars.

You can organise a salary sacrifice deal directly through your employer or utilise one of the many salary packaging businesses throughout Australia. The latter makes much more sense because they take all the difficult work out of the process, pass on the savings to you and can use their extensive knowledge to secure you the best deals.

Furthermore, if you don’t understand the rules and regulations that govern salary packaging, it makes sense to use the services provided by the experts. After all, you don’t want to incur and fines or penalties due to making a simple mistake.

Tax and salary packaging can be a complicated subject to understand and most people simply don’t have the time or motivation to learn the ins and outs. It makes sense to use an expert instead!

If you want to buy cheap cars you will need to consider all your car finance options. Use a car loan calculator to work out your standard repayments on a traditional car loan or use a novated lease calculator to work out whether a novated lease is right for you.