Car allowance covered with hired car

davebim

Good afternoon,

as a part of my new job, I had the option of getting a company car or a car allowance.

As company car I can get a Mercedes A180 or a car allowance scheme of 4000£ on top of my salary of 39,6K.

I have opted for a car allowance as my business mileage will be very low (below 3000) and I will be mainly office based and the additional money could help me to cover my university loan (200£/m).
Considering I don't own a car, and really don't want to have additional expenses, and as my company to get into the car allowance scheme require the following documents: V5 log book, Insurance – showing business use, Breakdown cover, MOT (if applicable), Proof of car tax;

do you know if a rental car business could help me to get into the scheme? I was thinking of a pay as you go.

Any experience with that?

many thanks,

David

dano17439

IMO you are using the car allowance for not the purpose it was intended for. If you already had a car then fine to use it for everyday living and paying towards your Uni loan, but beings you don't have a car, you need to buy one and use the car allowance to pay for it

Derwent

Unless you own the car nobody is going to give you a V5 logbook !

zygurat789

dano17439 wrote: »

IMO you are using the car allowance for not the purpose it was intended for. If you already had a car then fine to use it for everyday living and paying towards your Uni loan, but beings you don't have a car, you need to buy one and use the car allowance to pay for it

It's a cheap way of paying a salary, have a word with your employer they may be able to work something out.