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Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

4th Jul 10 at 14:58

Anyone fancy telling me of their experiences with having a company car?

I got offered a new job on Thursday, and it comes with a company car. I should get a list of the cars i'll have a choice from sometime in the coming weeks, but i wanted some info before that time.

I understand that the extra tax you pay is linked to the value of the car, and also how eco friendly it is? How does paying for petrol work?

Yes, i realise that there are many sites with this sort of info on, but i want to hear it from someone who has experience of it from this site.

Thanks

Bart

Member

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

4th Jul 10 at 14:59

this is worth a read, posted fairly recently; http://www.corsasport.co.uk/board/viewthread.php?tid=563643

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

4th Jul 10 at 15:22

interesting read. I'm looking forward to seeing the list of cars....and i have a buyer for my car already so it seems.

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

4th Jul 10 at 15:26

I take car allowance, much better for me personally

pow

Premium Member

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline

4th Jul 10 at 17:29

You pay tax on it, depending on the CO2 emissions and the fuel it takes. Also, highly unlikely but you pay extra tax if your allowed personal milage

BYRON

Member

Registered: 1st Jun 04
User status: Offline

5th Jul 10 at 07:10

You will be paying the BIK per month or benefit in kind.
BIK is worked out on the p11d value of a car (list price, extras, delivery + vat).
The C02 level is very important too. The lower the better. Anything under 120g/km c02 is 13% on a diesel.
Then you take your tax be it 20%, 40%.

Take a 318d Msport for example;

£28950 x 13% x 40% divide 12 = £125.45/mth.

I dont get private fuel paid for and that is taken from my salary each month. usually circa £45 quid.
So my £30k car costs me very little in the grand scheme of things.

[Edited on 05-07-2010 by BYRON]

VegasPhil

Premium Member

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

5th Jul 10 at 07:16

Depends what you get, I bet my current clio costs a bomb. I'll work it out....

11977 x 21 x 20?

It's 160 g/km

[Edited on 05-07-2010 by VegasPhil]

Corsa 2.0 16v Vegas - Sold

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

5th Jul 10 at 07:23

quote:
Originally posted by BYRON
You will be paying the BIK per month or benefit in kind.
BIK is worked out on the p11d value of a car (list price, extras, delivery + vat).
The C02 level is very important too. The lower the better. Anything under 120g/km c02 is 13% on a diesel.
Then you take your tax be it 20%, 40%.

Take a 318d Msport for example;

£28950 x 13% x 40% divide 12 = £125.45/mth.

I dont get private fuel paid for and that is taken from my salary each month. usually circa £45 quid.
So my £30k car costs me very little in the grand scheme of things.

[Edited on 05-07-2010 by BYRON]

Excellent

whitter45

Member

Registered: 15th Nov 02
Location: Norton
User status: Offline

5th Jul 10 at 07:57

quote:
Originally posted by BYRON
You will be paying the BIK per month or benefit in kind.
BIK is worked out on the p11d value of a car (list price, extras, delivery + vat).
The C02 level is very important too. The lower the better. Anything under 120g/km c02 is 13% on a diesel.
Then you take your tax be it 20%, 40%.

Take a 318d Msport for example;

£28950 x 13% x 40% divide 12 = £125.45/mth.

I dont get private fuel paid for and that is taken from my salary each month. usually circa £45 quid.
So my £30k car costs me very little in the grand scheme of things.

[Edited on 05-07-2010 by BYRON]

exactly like me

also i had to replace 2 rear tyres the other day - that would have cost me over £500

Then insurance, road tax servicing etc

[Edited on 05-07-2010 by whitter45]

VegasPhil

Premium Member

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

5th Jul 10 at 08:19

Yeah fully maintained is one of the best bits.

Corsa 2.0 16v Vegas - Sold

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