Company Car or Car Allowance Dilemma. - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

Not logged in [Login - Register]

You Are Not Registered Or Not Logged In

Corsa Sport » Message Board » Off Day » Company Car or Car Allowance Dilemma.

New Topic

New Poll

<< 1 2 >>

Subscribe | Add to Favourites

You are not logged in and may not post or reply to messages. Please log in or create a new account or mail us about fixing an existing one - register@corsasport.co.uk

There are also many more features available when you are logged in such as private messages, buddy list, location services, post search and more.

--DAN--

Member

Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline

18th Jun 10 at 17:26

What would you choose??

Brand new 1 Series or an extra £6200 on your salary??

I'm told tax on car will be aprox £160 a month.

Need to make a decision but I'm so indecisive!

shibby

Member

Registered: 6th Apr 08
User status: Offline

18th Jun 10 at 17:27

extra money

Eddx14xe

Member

Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline

18th Jun 10 at 17:28

Which one series is it?

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Online

18th Jun 10 at 17:28

I would probably for the cash and do with it what you want.

AndyKent

Member

Registered: 3rd Sep 05
User status: Offline

18th Jun 10 at 17:29

Probably the cash and buy something that takes your fancy.

mwg

Member

Registered: 19th Feb 04
Location: South Lakes
User status: Offline

18th Jun 10 at 17:31

Do you get fuel, insurance, maintenance etc. paid for with the company car?

--DAN--

Member

Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline

18th Jun 10 at 17:32

quote:
Originally posted by mwg
Do you get fuel, insurance, maintenance etc. paid for with the company car?

Yes, fuel card and all costs covered.

118d SE by the way.

[Edited on 18-06-2010 by --DAN--]

MJFF88

Member

Registered: 30th Apr 08
User status: Offline

18th Jun 10 at 17:35

Car for me depending on how much you get without the £6k extra

mwg

Member

Registered: 19th Feb 04
Location: South Lakes
User status: Offline

18th Jun 10 at 17:36

Tough one! If you are doing reasonable mileage could work well for you, no car costs if you got rid of your current car, apart from the £160 a month tax.

If you dont do many miles I'd take the money.

DannyB

Premium Member

Registered: 6th Feb 08
User status: Offline

18th Jun 10 at 17:37

Car definately. If you wan't a weekend car then buy something a little more fun

--DAN--

Member

Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline

18th Jun 10 at 17:39

quote:
Originally posted by MJFF88
Car for me depending on how much you get without the £6k extra

41k without the 6k.

Just don't know!!

MJFF88

Member

Registered: 30th Apr 08
User status: Offline

18th Jun 10 at 17:41

41k, no brainer for me then, get the car.

Eddx14xe

Member

Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline

18th Jun 10 at 17:42

I would go for the car.

Then buy something for a weekend toy if you want like has already been said

Ben D

Member

Registered: 25th Apr 05
Location: South West
User status: Offline

18th Jun 10 at 17:43

I'd take the car, you'd probably save with it being a derv? plus as said you can buy a weekend car

Bart

Member

Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline

18th Jun 10 at 17:47

6200 is approximately 350 a month which would get you a reasonable car on finance.

If your on 41k, would an extra 6k take you into "super tax"? I'm not sure where that starts, but it's close to 40 I think.
If it takes you into the super tax bracket then the car might be a cheaper option?

*edit. I think super tax (40%) kicks in at 43k.
I can't be assed to work out figures for you, but I think the car would be a cheaper option.

[Edited on 18-06-2010 by Bart]

--DAN--

Member

Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline

18th Jun 10 at 17:48

quote:
Originally posted by Benji D
I'd take the car, you'd probably save with it being a derv? plus as said you can buy a weekend car

Fuel is included mate.

I think I'll take it. Mrs is looking at a Megane R26 so that could be my weekend play thing.

Eddx14xe

Member

Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline

18th Jun 10 at 17:49

quote:
Originally posted by --DAN--

quote:
Originally posted by Benji D
I'd take the car, you'd probably save with it being a derv? plus as said you can buy a weekend car

Fuel is included mate.

I think I'll take it. Mrs is looking at a Megane R26 so that could be my weekend play thing.

Good shout

Ben D

Member

Registered: 25th Apr 05
Location: South West
User status: Offline

18th Jun 10 at 17:54

Just did a little bit of researh as i was curious, 35o a month is about right on a 2 year lease on a 118d, however that woulndnt include your insurance petrol etc etc, its a no brainer really.

oh just to note in the lease deals i saw there wasnt much difference in price between 1 series and the 3 series so it may be something worth enquiring about

Planty02

Member

Registered: 5th Mar 05
Location: Burslem, Stoke-on-Trent
User status: Offline

18th Jun 10 at 18:01

Would the 6K have to cover car, insurence, upkeep and fuel or would you still get fuel card etc???

noshua

Member

Registered: 19th Nov 08
User status: Offline

18th Jun 10 at 18:02

quote:
Originally posted by Bart
6200 is approximately 350 a month which would get you a reasonable car on finance.

If your on 41k, would an extra 6k take you into "super tax"? I'm not sure where that starts, but it's close to 40 I think.
If it takes you into the super tax bracket then the car might be a cheaper option?

*edit. I think super tax (40%) kicks in at 43k.
I can't be assed to work out figures for you, but I think the car would be a cheaper option.

[Edited on 18-06-2010 by Bart]

You're forgetting you'll have to factor in fuel, tax, insurance and servicing into the ~350 a month.

Planty02

Member

Registered: 5th Mar 05
Location: Burslem, Stoke-on-Trent
User status: Offline

18th Jun 10 at 18:14

£6200 a year works out at £500+/month (unless you're taking tax into consideration)

If you're looking on a financial basis you'd have to work out all the tax etc on the extra money and take into account the extra £160 a mont tax if you take the car.

I'd take the car purely for the fact its less hassle when they arrange all the insurance etc

EDIT: If you take the car, how often do you get a new one? Taking the money and lease-hiring could be another option?

[Edited on 18-06-2010 by Planty02]

Bart

Member

Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline

18th Jun 10 at 18:41

quote:
Originally posted by noshua

quote:
Originally posted by Bart
6200 is approximately 350 a month which would get you a reasonable car on finance.

If your on 41k, would an extra 6k take you into "super tax"? I'm not sure where that starts, but it's close to 40 I think.
If it takes you into the super tax bracket then the car might be a cheaper option?

*edit. I think super tax (40%) kicks in at 43k.
I can't be assed to work out figures for you, but I think the car would be a cheaper option.

[Edited on 18-06-2010 by Bart]

You're forgetting you'll have to factor in fuel, tax, insurance and servicing into the ~350 a month.

What do you mean?
At 47k you'll take home 28k and no car, at 41k you'll take home 27k and a car, all +\- a few ££ of course.

Andrew

Member

Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline

18th Jun 10 at 18:48

I took a company vehicle due to my mileage - easy 25k - 30k a year. Costs me around £150 in tax per month but i don't pay fuel or servicing etc. No point me spending money on a car to commute as it just gets ruined and i don't have time to look after them in terms of keeping it clean and tidy looking. I chuck things in the back and generally drive like a twat. Vans get replaced every 3 years, sorted.

Keep saying it, but i should now get rid of my own car, bank the money and spend my wages a women, drink and drugs

Always worried about having no savings

Depends on yourself really. Would you prefer the cash or a nice beemer?

VegasPhil

Premium Member

Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline

19th Jun 10 at 05:41

Take the car. It's great not having to worry about a car

Corsa 2.0 16v Vegas - Sold

AndyKent

Member

Registered: 3rd Sep 05
User status: Offline

19th Jun 10 at 06:23

quote:
Originally posted by Bart

quote:
Originally posted by noshua

quote:
Originally posted by Bart
6200 is approximately 350 a month which would get you a reasonable car on finance.

If your on 41k, would an extra 6k take you into "super tax"? I'm not sure where that starts, but it's close to 40 I think.
If it takes you into the super tax bracket then the car might be a cheaper option?

*edit. I think super tax (40%) kicks in at 43k.
I can't be assed to work out figures for you, but I think the car would be a cheaper option.

[Edited on 18-06-2010 by Bart]

You're forgetting you'll have to factor in fuel, tax, insurance and servicing into the ~350 a month.

What do you mean?
At 47k you'll take home 28k and no car, at 41k you'll take home 27k and a car, all +\- a few ££ of course.

Where are you getting those figures from?

At the current tax rates, from 41k you'll take home 30k.

At 47k you'll take home 34k, minus 160 per month leaves 32k.

50% tax is only due to apply to those earning over 150k, and the current 41k already falls into the 40% bracket so no change next year.

<< 1 2 >>

New Topic

New Poll

Corsa Sport » Message Board » Off Day » Company Car or Car Allowance Dilemma.

23 database queries in 0.0184040 seconds