Who would have thought that by taking out car finance you could increase your take home pay. Well it is true! By financing your car by way of a novated lease your car repayments are taken from your pre-tax income. This method is commonly known as salary sacrifice. By salary sacrificing you can instantly increase your take home pay. You could literally save yourself thousands of dollars each year. By using this same method to finance your partner’s car you will further increase the income for your household.

Salary sacrificing also allows you to pay for the running costs of your vehicle from your pre-tax income. Running costs include, registration, insurance, fuel and servicing. On an annual basis these costs are expense so to have them deducted from your pre-tax income is a great benefit. To find out more about the benefits of salary sacrificing speak to a Madison Finance Representative on 1300 887 967.