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Company Car Help

Discussion in 'Motors' started by The Mad Rapper, 27 Sep 2009.

  1. The Mad Rapper

    Banned

    Joined: 18 Oct 2002

    Posts: 9,480

    Mrs Mad Rapper (to be) has just been offered a new job with company car. She was given a choice of the following manufacturers: Audi, Mercedes, Saab, Toyota or Vauxhall.

    Use will be fairly frequent drives from Buckinghamshire to Northumberland, and then during the week just 10 miles to the train station and back.

    We want an estate, so have narrowed it down to the following:

    Audi A6 Avant 3.0 TDI Quattro S Line

    Mercedes C350 CDI Sport Estate

    Opinions on which of these please?

    Additionally, neither of us have had a company car before, so should we use up to the £450 a month they'll pay to take one of the above, or £5500 in cash she's been offered and put that towards something else?
     
  2. Scania

    Capodecina

    Joined: 25 Nov 2004

    Posts: 24,521

    Location: On the road....

    Mercedes C350 CDI Sport Estate.

    As for the costs its down to you.

    Personally, I'd rather keep the cash.
     
  3. OllyM

    Soldato

    Joined: 16 Aug 2004

    Posts: 6,210

    Location: New Jersey, USA

    Remember the company car tax bill on either of those cars will be fairly high!
     
  4. Django x2

    Capodecina

    Joined: 28 Sep 2008

    Posts: 13,466

    Location: Britain

    Take the cash, pay off a chunk of your mortgage*. :o






    *subject to you having a mortgage
     
  5. The Mad Rapper

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    Joined: 18 Oct 2002

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    How does that work? We know she'll get taxed on it as a benefit in kind, so we understand the Income Tax implications, but have no idea what else we would need to pay.
     
  6. The Mad Rapper

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    *Bump for the evening crowd*
     
  7. thepharcyde

    Sgarrista

    Joined: 17 Mar 2004

    Posts: 8,258

    http://lmgtfy.com/?q=company+car+tax

    Top one ;)
     
  8. iaind

    Capodecina

    Joined: 26 Feb 2009

    Posts: 14,814

    Location: Exeter

    My dad looked at those 2 for his next company car - although it was the C220 CDI or A6 2.0 170 Le Mans he narrowed it down to. The A6 won in the end - better spec, better interior, better looking
     
  9. The Mad Rapper

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    Joined: 18 Oct 2002

    Posts: 9,480

    I've already looked at that - both cars are less than £300 per month. I was asking if there were any additional costs or taxes?

    They pay for the servicing, breakdown cover and insurance according to the paperwork we've been sent.

    Seems almost too good to be true...
     
  10. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 156,652

    This. Fabulous cars and this is arguably one of the best engines in the range. Easily take this over the rather dull A6.

    Although that spec would suggest a 335d M Sport is on the list, which is better again.
     
  11. thepharcyde

    Sgarrista

    Joined: 17 Mar 2004

    Posts: 8,258

    I do not see this as a good deal personally as you only seem to be renting a car at a good price. I assume your o/h can claim expenses should she use her own car for wear and tear?
     
  12. The Mad Rapper

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    Joined: 18 Oct 2002

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    Unfortunately BMW isn't on the list. I don't understand why, but she's restricted to 5 marques and BMW isn't one of them sadly :(

    She has to choose from Audi, Mercedes, Saab, Toyota or Vauxhall. The A4 offers no more rear legroom than our A3, the E Class is too big for my Mrs, so I think those models will probably suit us best.
     
  13. iaind

    Capodecina

    Joined: 26 Feb 2009

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    Location: Exeter

    I'm guessing for the others you'd be looking at Avensis, Signum and 9-5? Presumably at a lower cost? Not sure any of those are particularly worth consideration
     
  14. The Mad Rapper

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    Joined: 18 Oct 2002

    Posts: 9,480

    The rental is costing us nothing though because it's covered by her allowance. If we took the cash it would be far more expensive to buy either model outright and with the company car scheme, we get a new car in 3 years assuming she's still working for the company then.

    If she took the allowance in cash that covers wear and tear on our car, she could claim fuel expenses for any business trip. That said, our car is 8 years old, has almost 100K on the clock and we were going to buy a new Passat/3 series BMW this year, so this has come at a good time.
     
  15. The Mad Rapper

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    We're just not looking at those at all mate.
     
  16. iaind

    Capodecina

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    Location: Exeter

    Was more curious what they think Toyota and Vauxhall can offer that is comparable to an A6 or C class :)
     
  17. Sukh

    Mobster

    Joined: 29 Jan 2007

    Posts: 3,583

    Location: Chelsea

    I thought an E class would be similar in size to the A6?
     
  18. IAmATeaf

    Soldato

    Joined: 3 Apr 2007

    Posts: 7,139

    Location: South of the Watford Gap!

    Assuming it's tagged as a company car and not a pool car it will cost, for the C class 350 CDI, according the internet:

    Code:
    Vehicle benefit tax
    Tax year to 5th April 	2009/10 	2010/11 	2011/12
    P11D value 	 	£33,525 	£33,525 	£33,524
    Percentage charge 	30% 	 	31% 	 	32%
    Benefit in kind 	£10,057 	£10,393 	£10,728
    Tax payable at 20% 	£2,011 	 	£2,079 	 	£2,146
    Tax payable at 40% 	£4,023 	 	£4,157 	 	£4,291
    
    If the company pays for private use of fuel, the following applies in addition:
    Fuel benefit tax
    Tax Year to 5th April 	2009/10 	2010/11
    P11D value  		£16,900 	£16,900
    Percentage charge 	30% 	 	31%
    Benefit in kind - Fuel 	£5,070 	 	£5,239
    Tax payable at 20% 	£1,014 	 	£1,048
    Tax payable at 40% 	£2,028 	 	£2,096
    
    The payable at is what the costs will be, the above is without any other extras.
     
    Last edited: 27 Sep 2009
  19. Dangerous Dave

    Mobster

    Joined: 10 Oct 2006

    Posts: 3,326

    I would go for the C class out of those two I was surprised how well a C180 Sport drove, the engine was poor but the handling superb.

    You need to check how much tax you will be paying plenty of web pages that work it out for you, it will be around 4k a year for those cars. (assuming your wife is in the 40% tax bracket)

    EDIT bet to it !
     
  20. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 156,652

    Get the C Class then - its a really good car.