Company Car- Is it worth it?

in Cutting Tax
4 replies 172 views
Is a company car worth the Tax or not? Please tell me your advice 

Replies

  • Dazed_and_C0nfusedDazed_and_C0nfused Forumite
    4.1K Posts
    1,000 Posts First Anniversary Name Dropper
    ✭✭✭✭
    Maybe.  Or maybe not.

    Are you getting a cheap (list price) low emission vehicle or an expensive high emission vehicle?

    Huge variation in tax depending on the vehicle involved.

  • comeandgocomeandgo Forumite
    4.2K Posts
    Ninth Anniversary 1,000 Posts Name Dropper
    ✭✭✭✭
    I’ve had company cars and always looked at the complete picture.  What about fuel, are you getting all your fuel paid for or only business, or will you get a mileage rate?  
  • Grumpy_chapGrumpy_chap Forumite
    6.9K Posts
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭
    If the OP does not have a company car, are they offered some alternative kind of remuneration?
    If the OP does not have a company car, what expenses will they incur to have a private car or alternative transport?
    How much mileage does the OP do in a year?  private?  business?
  • CookieMonsterCookieMonster Forumite
    198 Posts
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Depends on the car: some are high tax burdens.
    I've had 2 petrol hybrids specifically to reduce my tax, I've just ordered my next hybrid.
    Road fund licence, Insurance, servicing, wear and tear, tyres all covered by my company. Just add fuel.
    Worth it for me.
    I started out with nothing and I still got most of it left. Tom Waits
Sign In or Register to comment.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals