We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Selling but still owe money
Comments
-
The company car is part of my new package and will be needed for travelling to various site for work
Really don't want to sell my car but have no option
Thank you for the replies
Very helpful0 -
Bit of a development
I have enquired and can opt out of the company car and keep my own for use and am entitled to £4080.00 per year as a car allowance (plus a fuel card for company mileage)
Bearing in mind that i have an allowance of £35000.00 for a company car can anyone advise on what would be the best option going forward?
I have checked on the insurance and its not that much more to add business miles on and bearing in mind my car has just over £14500 miles on it the wear and tear is currently minimal so not really face with any up coming bills for repairs0 -
Biollante21 wrote: »Bit of a development
I have enquired and can opt out of the company car and keep my own for use and am entitled to £4080.00 per year as a car allowance (plus a fuel card for company mileage)
Bearing in mind that i have an allowance of £35000.00 for a company car can anyone advise on what would be the best option going forward?
I have checked on the insurance and its not that much more to add business miles on and bearing in mind my car has just over £14500 miles on it the wear and tear is currently minimal so not really face with any up coming bills for repairs
Up to you really. The options seem to be :-- Sell your own car and maybe have to put a significant amount in to clear the finance
- Take the company car money option and keep your own car
Personally the latter seems more palatable?
Also confirm you can change to the company car scheme down the line - perhaps in a year or two?0 -
All sorted
Sold the Merc back to the main dealer
Wanted £13000 for it and got £12850 (which was more than enough to pay off the finance) plus £100 back from the service plan that i had and £18 odd for the tax so happy with that
Big thanks to all who gave advice
Very much appreciated
Godzy0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards