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is employer car lease scheme value for money?
DONZERELLA
Posts: 95 Forumite
in Motoring
Hi - we can now benefit from a scheme at work where we can lease a car and the payment goes out before tax and NIS.
the net cost to me for a peugeout 107 / citroen C1 or toyota aygo is approx £165 a month and this covers insurance, tax, all repairs etc. This is for 36 months and then you get the option to buy or hand the car back....
I currently drive an 11 year old ford fiesta which is on its way out I think. It has 11 months MOT and tax on it so it would sell for approx £400...
what do people think.
the net cost to me for a peugeout 107 / citroen C1 or toyota aygo is approx £165 a month and this covers insurance, tax, all repairs etc. This is for 36 months and then you get the option to buy or hand the car back....
I currently drive an 11 year old ford fiesta which is on its way out I think. It has 11 months MOT and tax on it so it would sell for approx £400...
what do people think.
0
Comments
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Have a read of this thread from the tax cutting forum.
https://forums.moneysavingexpert.com/discussion/39272070 -
Calculate it it out versus your other options and see which is cheapest.
But the big advantage of this deal is, you have (hopefully) a reliable, hassle free car at what is probably a fairish price. That can be quite valuable and only you can calculate how much that is worth to you.0 -
You need to carefully check the t&cs of the lease but with some every small scratch when you returned the car can cost you £00s as other threads on here will attest to.IT Consultant in the utilities industry specialising in the retail electricity market.
4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).0
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