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
Changing Jobs - Calculating Company Car Allownce Required
village_life
Posts: 336 Forumite
in Motoring
Copy from Jobs and benefit board!
----
I'm looking to change job moving from a company that offers a company car to one that doesnt and just offers a car allownace. Based on what car I have currently I need to understand how much the new car allowance needs to be for it to be equal to the benefit I currently have from the Company Car.
Current Sitaution
- Company Car = Saab 9-3, Cost £22.5k, Leasing over 4 years
Not sure what the proposed car allownace will be, but need it to cover:
a) loan repayments for £20k car loan over 5 years
b) insurance (driver aged 25-30)
c) maintainance and servicing
d) depreciation (looking at Audi A3 or VW Golf Type)
Can anyone advise taking all this into acount, what I need the car allownace benefit to be per annum???
----
I'm looking to change job moving from a company that offers a company car to one that doesnt and just offers a car allownace. Based on what car I have currently I need to understand how much the new car allowance needs to be for it to be equal to the benefit I currently have from the Company Car.
Current Sitaution
- Company Car = Saab 9-3, Cost £22.5k, Leasing over 4 years
Not sure what the proposed car allownace will be, but need it to cover:
a) loan repayments for £20k car loan over 5 years
b) insurance (driver aged 25-30)
c) maintainance and servicing
d) depreciation (looking at Audi A3 or VW Golf Type)
Can anyone advise taking all this into acount, what I need the car allownace benefit to be per annum???
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards