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  • FIRST POST
    • tightwirecat
    • By tightwirecat 12th Jun 17, 9:18 AM
    • 1Posts
    • 0Thanks
    tightwirecat
    Car Allowance vs Company Car
    • #1
    • 12th Jun 17, 9:18 AM
    Car Allowance vs Company Car 12th Jun 17 at 9:18 AM
    Hi. My company offers the choice of a car allowance or a company car.
    Is there a way to calculate the different value of each?
    So a car allowance is obviously extra money, although it is taxed, but then need to take off servicing, insurance etc. A company car is no money, but I will get taxed, but have no idea how this works.
    Is there any way to calculate it or is it all smoke and mirrors?
    thanks
Page 1
    • Red-Squirrel
    • By Red-Squirrel 12th Jun 17, 11:15 AM
    • 1,211 Posts
    • 3,006 Thanks
    Red-Squirrel
    • #2
    • 12th Jun 17, 11:15 AM
    • #2
    • 12th Jun 17, 11:15 AM
    Hi there, I had a similar thread when I started my new job.

    I've now done tens of thousands of miles in the company car since getting one in November, not the kind of wear and tear I would have wanted on my own asset! Not to mention that I've had two breakdowns and it was great that it wasn't my problem to deal with!

    http://forums.moneysavingexpert.com/showthread.php?t=5504660
    • PossiblyOverworked
    • By PossiblyOverworked 12th Jun 17, 4:58 PM
    • 43 Posts
    • 4 Thanks
    PossiblyOverworked
    • #3
    • 12th Jun 17, 4:58 PM
    • #3
    • 12th Jun 17, 4:58 PM
    Do you have to travel for business or is the company car (or cash) more of a perk based on status / senority?

    (At my old place we had Senior Managers who were eligible for a company car but didn't actually have to travel, it was just part of the senior management package!)

    If you have to travel - approx. how much per year?
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