Car allowance...

Teledude said:
Basically a monthly allowance to make sure you can move about so to speak :p

I think ;)
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I see and I knew what one was a long its just that 16k remark threw me off balance lol. Oh and £5520 pa is a rough estimate, bit high but thats including Year of insurance, a monthly payment of car + fuel money but no general maintenance.
 
My dad ;) gets given a certain amount and gets to pick from a Leaseplan scheme.

He has topped it up by £100 per month to get a £18k Passat TDi, appears to be £300 ish per month the company give him, they also pay all servicing, tax and insurance. So probably about £4.7k all in per year.
 
Muncher said:
My dad ;) gets given a certain amount and gets to pick from a Leaseplan scheme.

He has topped it up by £100 per month to get a £18k Passat TDi, appears to be £300 ish per month the company give him, they also pay all servicing, tax and insurance. So probably about £4.7k all in per year.
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*grumbles* :p
 
NHS: £2,500 car allowances plus 14p per mile.
Contractual work for Shell: Free fuel, no allowances for car.

I know a few senior managers from where I work for the NHS, brand new company car each year plus undisclosed allowances.

It all depends where you work and the job role you do.
 
[TW]Fox said:
If you buy used it means you can have a really decent car rather than a brand new but bottom of the range car.

Soooo a 54 330i not a 55 316i :)
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Yes I'm aware of that. But that's not an option for my father.

I've just never heard of this 'allowance' scheme before that's all.
 
It depends on whether you are offered a cash allowance or fleet policy.

My Dad's employer for instance negotiates really good fleet deals because they buy thousands of vehicles so this is a more appealing option.

I forgot to mention they also cover the benefit in kind taxation which is an additional £800 odd per year.
 
lucasade1 said:
I've just never heard of this 'allowance' scheme before that's all.
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The allowance can be used as full or part payment for a car on the company car list. For example, a Honda S2000 on our list is £560 per month, with the £350 allowance it would cost me an extra £210 per month.

If a car is less than £350 per month (1.6 Mondeo LX) then you get the difference paid back to you.
 
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lucasade1 said:
Oh right, that sounds like a good scheme :)
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Yup it is :)
Our list has pretty much all cars available with no restrictions and 1-3 year options. It even goes up to an SL65 AMG which is £8k per month and comes with a 360 C02g/km rating - ouch
 
Sorry to cut into this bitchy thread but there are a few options mentioned above. We have no restrictions on type of vehicle although many companies will specify saloon/hatchback etc..

I get £500 a month plus fuel card (includes all private mileage). Servicing is covered but i pay for insurance and tyres.

The other option is a fully insured and all-in vehicle but the list was full of repmobiles and i've had enough of those now.
 
Muncher said:
I forgot to mention they also cover the benefit in kind taxation which is an additional £800 odd per year.
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That's excellent. I completely forgot about the tax implications of having the car allowance as a benefit in kind and got a shock when I did the tax return the next year.
 
Don't forget you can claim any difference between the mileage payment and the published inland revenue rate as tax relief.

Steve
 
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I would get 350 after tax, and 9p a mile if petrol and 12p if a diesel, our cars have to be under 7 years old and we have to make sure we have a car for business, no excuses of breakdowns etc.

If you are doing mega miles ~25k i would rather have a company car if you can get a decent one tbh.
 
blueboy2001 said:
Last time I was in a position to have a company car, we could choose from the following:

£4000 pa allowance, plus a fuel card inc private mileage if you wanted it

Fully expensed Nissan Terrano 2.7TD Van

I took the van as it suited the nature of the job.

Now I work for myself I just draw 40p a mile for the first 10k and 25p thereafter, seems to be the most tax effective way of doing it.
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What sort of profession are you in sir?

I think 3 - 4k is reasonable :)
 
Luke15 said:
Well you shouldnt really compare then. My dad is financial director at head office in uxbridge of a multinational company.

I wouldnt lie, what would i have to gain?
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are you 5? is your dad bruce lee? does he drive a JCB?

sorry....i'll get my coat :D

on a serious note.....my old company car allowance was £390 a month. then i got fuel paid on top of that.

that got me a £19k audi A3.
 
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