Can you salary sacrifice a used car

However, as with any new car or outright second hand purchase, it is important to do your research before salary packaging any vehicle. We have put together a second hand vehicle buying checklist along with a few other tips so you have peace of mind when leasing a second hand vehicle. Do your research — Knowing what to expect from a vehicle is very important. Always remember to research the vehicle before viewing it.

Look up common problems and always read and understand the vehicle specifications given. It can also be helpful to ask the seller what the price quoted includes as a lot of the time it will not include transfer or licence fees. Mechanical checks — A full check under the hood and all around the car is always needed. If you are not confident in your own ability you might want to show the car to a local and unbiased mechanic.

Service history — A full mechanical service history is very useful as it notes when specific parts, like timing belts, were replaced. Service histories also act as periodic audits which, if well documented, can tell you what to expect in the future. Car history — Running a check of the vehicles details through your states registry is an important way of checking out what has happened in the vehicles past.

Has it been written off before or was it involved in an accident? Paperwork — Transferring the vehicles ownership is a critical part of the purchasing process and buyers should be aware that unscrupulous buyers or sellers can capitalise on mistakes made in this area.

Warranties — The most important thing to remember with warranties is that you need to know exactly what you are being offered. Whilst licensed vehicle dealers can have very specific obligations in relation to warranties it is worth noting that some vehicles may still be under their original manufacturer warranty.

Some dealers may offer to sell you an extended parts and labour warranty. Always remember to look for the full specifics on any warranties as the conditions can vary from the accommodating to the downright inconvenient. Is novated leasing the right choice for you? By completing this form, I agree to Maxxia sending me emails about its products, services and offerings.

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The information in this publication has been prepared by RemServ for general information purposes only, without taking into consideration any individual circumstances. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement. You may choose to use our services or those of another provider. RemServ collects your personal information from you when you apply for a product and request any information from us, and we may use this information to contact you about our products, services and offerings.