Motor Market can assist members with purchasing arrangements for salary sacrifice and novated leasing options.
USE YOUR CAR EQUITY TO REPAY YOUR MORTGAGE SOONER!
If you...
- Have a mortgage
- Need a new car [or a great secondhand one]
- Have an Enterprise Bargaining Agreement on offer [salary packaging] at your workplace
Then you may finally have your cake and eat it too!
Using the effects of Salary Packaging you can...
- Keep the entire proceeds from the sale of your present car and use it for a lump sum mortgage repayment [or anything at all really] whilst still having-
- A brand new car [or late model used] car in the driveway that is paid for in pre-tax dollars
- Perhaps profit on the sale of the vehicle at the end of the lease if the residual is less than the car's value [more tax-free lump sums to repay your mortgage]
So how would your pay be affected by Salary Packaging?
Contact Motor Market today to find out!
The Australian Taxation Office provides further information about Fringe benefits tax and salary sacrifice arrangements at:
http://www.ato.gov.au/print.asp?doc=/content/24632.htm.
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