Money Magazine

Explore the other routes

You need a car but don’t have the tens of thousands of dollars to pay for one upfront. Maybe you have the cash but can’t commit to owning a car for the long term. Or did your workplace offer you a car and you’re unsure if the package will be cost effective?

The good news is that there are solutions to all these scenarios. The number one rule, as Paul Clitheroe always says, is “buy the cheapest car your ego can live with”.

This remains true even when you’re weighing up options such as car leases, loans or subscriptions. How you finance the purchase of your next vehicle will be just as important as selecting the ride itself because there’s potential to save thousands.

For lease

Salary sacrificing the purchase

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