Company car.... or not??

Stelly · 15 Mar 2011 at 10:27

Hey All,

Ok my misses has been given one of the two options in work...

1. Lease car, upto the value of £570 a month, this includes wear and tear, servicing, MOT, insurance for me and the misses... we get a discount from a preferred lease car supplier as well...

2. Just take the £570 a month... which includes nothing

Now I'm thinking that we go with number 1 but she aint so sure, something about not owning the car and not having anything after 3 year lease.... I would like your opinion, and also what car you would think about getting?

Cheers,

Stelly

ubersonic · 15 Mar 2011 at 10:33

Take the £570 and get a lease car, you can get a very nice one for a lot less than £500, check out lings

Stelly · 15 Mar 2011 at 10:35

ubersonic said:
Take the £570 and get a lease car, you can get a very nice one for a lot less than £500, check out lings

We dont have to spend the 570 a month on the car with option 1 I think we also spend less and get the rest in her pay packet...

Option 2 does not include insurance....

Stelly

Will Gill · 15 Mar 2011 at 10:36

option 2, then at least you own something

that's what I have always done for the last hundred years, that said I can also subscribe to the lease and forget scenario.

Stanners · 15 Mar 2011 at 10:36

This is the same as my misses gets, Not decided which way to go yet.

Joe T · 15 Mar 2011 at 10:44

Are there any restrictions on how you use the £570? Does it have to be fairly new or anything like that?

Stelly · 15 Mar 2011 at 10:46

Joe T said:
Are there any restrictions on how you use the £570? Does it have to be fairly new or anything like that?

If we go with option 1 then yes its spankers

Stelly

EddScott · 15 Mar 2011 at 10:48

ubersonic said:
check out lings

Is that lingscars?

The website looks like a spoof website.

As for the question, I'd rather have the cash and buy a car myself. Least then if the job ever becomes in danger, you've got a set of wheels.

Basher · 15 Mar 2011 at 10:48

Stelly said:
If we go with option 1 then yes its spankers

Stelly

And if you don't? For instance I get an allowance - but I have to have a car which is less than 5 years old.

Morba · 15 Mar 2011 at 10:51

EddScott said:
Is that lingscars?

The website looks like a spoof website.

its very real though

ling used to post here!

Peerzy · 15 Mar 2011 at 10:51

EddScott said:
Is that lingscars?

The website looks like a spoof website.

It's a real website, they do really good deals compared with other leasing companies but just have a crud website.

Will Gill · 15 Mar 2011 at 10:53

really crud website, I fell asleep using dreamweaver and crafted an arguably better looking website with my dreamstate convulsions

a1ex2001 · 15 Mar 2011 at 10:55

simple questions.

1. Does she need a new car or does she already own a perfectly good one?
If yes then take the money as you don't need to spend anything
2. Does she do a huge milage for work?
If no take the cash as you can get a perfectly decent reliable car for much less

Personally I'd always take the cash if there is a choice, byt then I'm happy to drive round in an average older car.

ubersonic · 15 Mar 2011 at 10:57

Will Gill said:
really crud website, I fell asleep using dreamweaver and crafted an arguably better looking website with my dreamstate convulsions

TBH I think its awesome, it doesn't look very "professional" but it damn sure gets all the important information over and ive never seen a "professional" looking site do it as well.

EddScott · 15 Mar 2011 at 11:08

ubersonic said:
TBH I think its awesome

Me too. "I shoot car fuel costs in the ass"

It's a very funny site. The wife likes the Kia Soul and the deals on lingscars aren't bad.

I send you a sexy first aid kit for your Citroen DS3 glovebox (limb amputation size)

I'm sorry but just read this to the end - its really funny.

http://www.lingscars.com/Citroen/DS...i_16v_(95bhp)_DSign_Hatchback_3dr_1398cc.html

Will Gill · 15 Mar 2011 at 11:33

I think it's truely awful, functional, but awful, its what I imagine a schizophrenics brain would be like

Kingy · 15 Mar 2011 at 11:36

Stelly said:
We dont have to spend the 570 a month on the car with option 1 I think we also spend less and get the rest in her pay packet...

Option 2 does not include insurance....

Stelly

Don't forget that the extra £570 a month will be liable for Income Tax and National Insurance Tax contributions as well... That'll cost you at least 32%if she earns less than £42475 (including the £570*12=£6840 raise), and up to 42% if she earns more than that. So somewhere between £570*0.68=£387.60 and £570*0.58=£330.60.

How many miles does she do?

What sort of car would you get in scenario 1? Add the BIK monthly costs of that car to £570 (less tax), and you have your budget including running costs for scenario 2.

daz · 15 Mar 2011 at 11:38

A good friend of mine is just about to receive an A6 from http://www.appliedleasing.co.uk/

VFM Addict · 15 Mar 2011 at 11:40

I have a back problem and wanted a car with a particular seat squab height range to easy entry and exit. I test drove the Kia Soul, Nissan Note and C3 Picasso.

The Soul is a dog in every way. In the end we went for the C3 Picasso Exclusive but the top end Notes weren't bad either.

If your missus really likes the Soul for heavens sake get her to take a test drive in one first. I'm sure it will change her mind.

Participant · 15 Mar 2011 at 11:42

Stelly said:
Hey All,

Ok my misses has been given one of the two options in work...

1. Lease car, upto the value of £570 a month, this includes wear and tear, servicing, MOT, insurance for me and the misses... we get a discount from a preferred lease car supplier as well...

2. Just take the £570 a month... which includes nothing

Now I'm thinking that we go with number 1 but she aint so sure, something about not owning the car and not having anything after 3 year lease.... I would like your opinion, and also what car you would think about getting?

Cheers,

Stelly

Nowhere near enough info to answer that question.

All I would add at the moment is that your Mrs. needs to ask herself how much value she places on not having to worry about the hassle of MOT, tyres, breakdowns, servicing etc.

Personally I always take the allowance, but then all my jobs are fairly close to home.