Car Allowance

mikenicklin

Hello all

I have just got myself a new job. The new job comes with a £5000 car allowance whereas my current job has a company car.

So I am faced with the situation that I need a new car but have no deposit to put down.

I will be doing a round trip of 50 miles per day to and from work but business mileage on top of that will be minimal - might even be non existant. So I think I will be doing at least 15000 miles per year.

I am just looking for a family car really - no need for a 4x4 or a people carrier or anything like that but I do like as good a spec as possible!

Any advice would be greatly appreciated.

Thanks

Mike

ian103

a pre registered toyota / vauxhall / hyundai / kia as they offer the longest warranties. Run it for 5 years or until the warranty expires at 100,000 miles and then start again. This should minimise the cost. I went this route with a honda and later a toyota (both relatively boring but reliable) and made a small profit on the honda.

Or do what I did initially and take a different option and have a car that you couldn't have as a company car - really enjoyed my choice but lost money but no regrets.

oliverr

Doing that many miles per year you'd want a diesel, sure it costs a bit more to buy in the first place, but it would work out cheaper in the long run.

Something like an Avensis or a Mondeo might be worth looking into.

forgotmyname

A larger car can be cheaper to buy so factor that in when looking.

Why spend more money on a focus when a mondeo is cheaper? MPG will be very similar with the same engines fitted.

withabix

Have a look at https://www.motorpoint.co.uk but get your finance elsewhere (Tesco, Sainsbury, your bank etc)

You will be hard pressed to beat their prices unless you got to the major car auctions yourself.

Yes, most of them are ex-hire and lease vehicles, but where do you think most of the nearly-new cars come from anyway???

You still get the balance of the warranty.

Most will be coming up for their first service.

Our last four cars for work have come from here. I'm currently running a 2011 Merc C220 Sport estate from there and we have had two Vectra 2.2 SRIs and an X-Trail.