Car Allowance vs Company Car

tightwirecat · 12 June 2017 at 9:18AM

Hi. My company offers the choice of a car allowance or a company car.
Is there a way to calculate the different value of each?
So a car allowance is obviously extra money, although it is taxed, but then need to take off servicing, insurance etc. A company car is no money, but I will get taxed, but have no idea how this works.
Is there any way to calculate it or is it all smoke and mirrors?
thanks

Red-Squirrel_2 · 12 June 2017 at 11:15AM

Hi there, I had a similar thread when I started my new job.

I've now done tens of thousands of miles in the company car since getting one in November, not the kind of wear and tear I would have wanted on my own asset! Not to mention that I've had two breakdowns and it was great that it wasn't my problem to deal with!

https://forums.moneysavingexpert.com/discussion/5504660

PossiblyOverworked · 12 June 2017 at 4:58PM

Do you have to travel for business or is the company car (or cash) more of a perk based on status / senority?

(At my old place we had Senior Managers who were eligible for a company car but didn't actually have to travel, it was just part of the senior management package!)

If you have to travel - approx. how much per year?

Car Allowance vs Company Car

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free