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Advise on salary packeging a vehicle

Discussion in 'Introductions' started by kazi, 10th Mar, 2012.

  1. kazi

    kazi New Member

    Joined:
    10th Mar, 2012
    Posts:
    1
    Location:
    Leonora, WA
    Hello

    Can anyone give me some advise please?

    Base Salary $65000 (State Government employee)(total of about $80000 pa including OT and other benefits)
    Rental income $380 PW
    Got Credit card debt of around $20000
    Car finance- $15000 (current value $18000)
    Mortgage $1100 per fort night. (Includes around $1800 in interest)
    Would that be a smart idea to trade in my current vehicle and get new vehicle wort around $35000 with a novoted lease?
    I drive around 15000 km pa.

    Thank You
     
  2. jimmy4869

    jimmy4869 New Member

    Joined:
    26th Jun, 2011
    Posts:
    1
    Location:
    Cairns
    My thoughts... get rid of the credit card debt, before you doanything else