Jock

Currently I have use of a shared office car, it's pretty much my own but I have to log every journey.

I have been offered a company car which I WILL get taxed on but I will also recieve a petrol allowance for (after submitting weekly business mileage). At the moment it's a crappy Rover 100 but I will be offered a choice of new(ish) cars to pick from.

I also have a car of my own (which obviously I have to tax, MOT, insure etc) it's (again) a crappy peurgoet 106.

Has anyone got any experience of this, should I keep my orginal car or take the company car?????

Cheers

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TH&S

It's not really worth it these days to have a company car.

It's easier to keep your crappy car and claim 40p a mile...

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Nick B

yea the tax is atrocious on company cars as they are seen as a benefit in kind i think.

Magic Torch

I would see if they offer a company car allowance, my other half gets one and its a lot better than the compnay car business....before that we had a company car, but her work had it down as a hire car for some reason so we paid fcuk all for it for 2 years! haha

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Lost Soul

Buy a diesel, charge them 40p a mile, build up speed and coast in nuetral whenever possible

Its the new way to add to your wages

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leeston

Hi Jock,

As someone who has had a company car for years I was shocked to find during my interview for my current employer that they offer a cash in lieu system. Basically, they pay me extra in my salary to allow me to get a car.

You will need to weigh up the options to see what is best for you.

Company Car - pros - no hassel, insurance, tax, tyres sorted for you.
cons - taxed at least 18% (maybe more now, not sure) of emmissions.


Own Car - pros - can pick whatever car you want, can submit form to tax man to claim business mileage back (P11d),
cons - inital cost for tyres, tax and tyre and stuff to be made by you up front


If you are a low business mileage user then I would say stick with your own, claim the mileage allowance and add 10 - 20% on to cover your travelling to and from the office!

If you are a heavy mileage user then go for the company car which allows you to thrape the balls out of the engine!!!

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Harry

I get cash in lieu of a car, still get taxed on that but I also get taxed everytime I flush my bog at home.

nibbsey

Company car all the way,

yeah it cost you in tax but there's no supprises if you thrash the sh*t out of it and blow it up you don't pay.

Any way i've got a company truck double cab thing. All the trimmings of a car, leather seats, air con ect. and it costs approx £700 net inc free diesel.

BARGAIN!!!

Slamdog

a crew cab is the way to go, especially if you get a hard top on it then its a van and you don't pay tax. the other way round it is a company motorcycle... again no personal tax.

company cars are generally a bad idea unless you do silly business mileages...

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I'd like to see it your way but I can't get my head that far up my own ar$e

LEWIS

mate get a car allowance , much better. You own the car you purchase then at the end.

if you do get a company car try and swindle a petrol card for free.

at the moment i get car allowance and dont use the car i take the train, and i even get my train paid back, so i am going to sell my car use my mrss from time to time and keep the car allowance as an extra salary.

If you travel loads though a company car with petrol card is worth it as you will be running your own car into the ground (could be expensive)

LEWIS

make sure before you take the car allowance that they company does not have any terms that aquire you to purchase a car less than 4 years old etc

Snorbitz1uk

thats all changed now you get taxed with a van if personal use.

Slamdog

in that case.. company motorcycle..... the only free option...

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I'd like to see it your way but I can't get my head that far up my own ar$e

Lost Soul

Be aware many company vehicles are subject to inspection on return to the hire/fleet company after their 3 years lease.

On arrival they are often inspected to a very high standard and any damage is to be paid for at the rate of main dealer repair/replace cost.

I worked for a company who inspected these vehicles and boy it was fun explaining to the M3 drivers it was no acceptable to kerb all 4 alloys without replacing them with brand new ones, and the tyres to match along with the BMW fitting :rage::rage::yell:

More and more companies are holding the driver responsible and passing these charges on

Im not suggesting all will but its something to consider when sigining up for a new motor

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Pscarb

i have a company car and do approx 35,000miles a yr i was thinking of getting the allowance next time but i am unsure as the CC is way less hassle...

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