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Car allowance vs company car

Peopee Posts: 3 Newbie

27 March 2019 at 7:38AM edited 27 March 2019 at 8:21AM in Mortgages & endowments

Greetings!

I should be shortly starting a job where I'll have the option of a company car or a quite generous car allowance.

As part of the company policy, if you take the allowance you have to use it on a PCP lease and the car must meet certain requirements.

My question is, on a mortgage application would it look better to have:

1 A lower salary with no expense spent on a car (apart from BIK)
2 A much higher salary, but with about £500-£600 on a lease

Any advice appreciated!

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Car allowance vs company car

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