How to do the car finance dance

Not everyone has the means or time to save up and buy a vehicle with cash. You’ll enjoy your new Mitsubishi for years to come, with a loan that spreads the purchase price out over time could work for you.

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Novated lease

A novated lease is a popular way of funding a new personal vehicle. A novation is a three-way agreement between you, your employer and the financier – often a salary-packaging company. The lease payments and operating costs are paid by your employer and deducted from your salary, which may have tax benefits.

Ask your employer if they offer novated leases.

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