Company car dilemma continues

Tracyk_2

Still can't decide whether to take company car or allowance yet. More accurate figures are as follows -

Car allowance of £5k gross per annum or a lease car up to the value of £322 per month. Higher tax payer and getting 13p per mile - though not anticipating a high business mileage and private mileage of 60 miles a day.

Current privately owned car is a Merc 220, cost us new £22k and now worth about £16k - which dh loves, but we could do with the cash by selling it.

The lease cars on the list are not very big - so dh would prob want to add something to the £322 and upgrade a bit.

Is there any great savings doing it one way or the other?

furrybloke

I have a small 207 GT as company car, top of the range. Decided that I would have a company car & a fun car. Company one does all the donkey work & the fun one for when I want, (currently looking at classics & A couple of motorbikes) Low business milage howeve brand new car, all the toys, had a puncture after 800 miles no worried as replace free of charge! All servicing free, no insurance (Was paying £800, that is all the classic & the motorbikes will cost total as I can limit the milage) Saving & hassle makes it worth while for me.