It's important to know the difference between taking out a loan and salary sacrificing when getting a car, as there are plenty of tax implications and what’s right for one person won’t be for another.
Novated leases are another option when getting a car, but it isn't for everyone.
Prafula Pearce is an Associate Professor in Law, a member of the Research and Research Training Committee, and ECU Tax Clinic Coordinator in the School of Business and Law.
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Email: pr@ecu.edu.au
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