Company car or cash?
Discussion
Strikes me as a situation similar to mine, so maybe look at say three to four year old decent spec Passat and run for three to four years. Should work out okay numbers wise, I think. Best do the calculations yourself though and try to put some pessimism in the value when you would move it on to help give some buffer.
Or spend a bit more with a nicer car and absorb a bit more cost in running and maybe more depreciation, but you can probably easily beat that 10k sum even this way.
Or spend a bit more with a nicer car and absorb a bit more cost in running and maybe more depreciation, but you can probably easily beat that 10k sum even this way.
The swap from Co car to allowance has been ok'd now.
Looking at the market currently (especially Tesla), I think I'm gonna hold onto my Tiguan for another 12 months and then assess the market then.
The business have categorically said no to EVs/Hybrids through the current scheme but they're keeping it open as a company car still suits junior members of the team (20% tax payers)
Knowing me I'll have purchased a Model 3 by the end of the week.
Thanks all.
Looking at the market currently (especially Tesla), I think I'm gonna hold onto my Tiguan for another 12 months and then assess the market then.
The business have categorically said no to EVs/Hybrids through the current scheme but they're keeping it open as a company car still suits junior members of the team (20% tax payers)
Knowing me I'll have purchased a Model 3 by the end of the week.
Thanks all.
Just as an update, the policy has been released and the cash alternative for my banding is pathetic (£6k gross)
It's actually less than our upper lease amount for a company car that was agreed back in 2019 (£525). Although when you add the BIK savings to the net cash allowance, the amount is OK it's still a bit tight of the company.
It's actually less than our upper lease amount for a company car that was agreed back in 2019 (£525). Although when you add the BIK savings to the net cash allowance, the amount is OK it's still a bit tight of the company.
JD said:
RayDonovan said:
The business have categorically said no to EVs/Hybrids through the current scheme
This continues to be the most bizarre company car policy I have ever heard of.Is the job any good? You are effectively being forced to take a £9k pay cut because of their policy.
Yes to the other points, very well paid for the sector, 100% job security, relatively little pressure and overall great management/people. It's just the car scheme / allowance they just can't get right. Bizzare
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