JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Dad's had a bit of a fiasco regarding his Company car. The Company are now giving him the chance to Opt out, which will mean an extra £500 per month on his salary plus less tax. Dilema is he will have the upkeep, petrol etc to pay for. Any advice what he should do, and if he decides to go for it what type of car should he go for?
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Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
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vw diesel or audi diesel
poss astra diesel
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Colin
Member
Registered: 4th Apr 02
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Get an old banger for a couple hundred quid, run it into the ground then scrap it & buy another!! Thats what id do if I was in that position!! Another £500 a month would be lovely 
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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If he will be covering a lot of miles I would stick with the company car...less hassle etc worrying about breakdowns and insurance etc...
If not...then go for it
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Colin
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Registered: 4th Apr 02
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Think he does about 20k a year...or there abouts 
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Superlite Ltd.
Member
Registered: 9th Jan 07
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golf TDI
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Colin
Member
Registered: 4th Apr 02
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What about a 07 plate Mitzibushi L200 Warrior on HP for £200 a month ??? 
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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quote:
Originally posted by Colin
Think he does about 20k a year...or there abouts
Personally...I would stick with the company car...
£500 a month sounds a lot...but is soon ate up by insurance...car payments (if he gets a loan)...petrol (expecially on 20k a year)...tax...tyres...he would probably be left with about £100 a month left over??
Then if anything breaks he's gonna have to fork out...
I would stick with the company car myself...just make sure its a decent company car...
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by Colin
What about a 07 plate Mitzibushi L200 Warrior on HP for £200 a month ???
at 20,000 miles a year?
Mate has one and it doesnt like motorways...eats the diesel...
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by MarkM
quote:
Originally posted by Colin
What about a 07 plate Mitzibushi L200 Warrior on HP for £200 a month ???
at 20,000 miles a year?
Mate has one and it doesnt like motorways...eats the diesel...
yes
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by MarkM
quote:
Originally posted by Colin
What about a 07 plate Mitzibushi L200 Warrior on HP for £200 a month ???
at 20,000 miles a year?
Mate has one and it doesnt like motorways...eats the diesel...
yes
Therefore thats a no no...
If he really wanted to make money out of opting out....I would go for a New Corsa CDTI or a base spec astra CDTI...
Even then I reckon after all things paid for your talking around £200 left over profit from the original £500
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Colin
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Registered: 4th Apr 02
User status: Offline
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To work this out you need to take into account:
Cost to buy/finance/HP a car.
Insurance for him & Isa.
20k miles worth of diesel cost at current rate, assuming 50mpg???
Servicing/maintenance/tyres/non warranty repairs.
Road Tax.
MOT depending how old it is.
Work that out over a year then subtract it from the £6k he will get from the work........can maybe add the tax he paid before aswell to balance it out!!
£6k isnt alot to run a car on tbh!!
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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Yes...
Which was my conclusion...
ha
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corb
Member
Registered: 24th Apr 02
Location: Calgary, Alberta, Canada
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pcp on a leon 1.9tdi stylance works out at about £400 a month over 3years including service, maintenence and tyres, based on 20k p.a. based on a standard car at rrp. After the first year, would be 2years RFL to pay for. final rental of 4860.
what would insurance set him back? £400? could always look at a lower spec reference to save money on the whole thing.....
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nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: koda Fabia VRS 5J
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Is this because he got an older car rather then a brand new one 
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black_sri_turbo
Member
Registered: 3rd Jan 07
Location: Braintree, Essex
User status: Offline
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Would they not pay him business mileage? What ever they pay him for it you can claim 40p per mile for the firt 10000 business miles and then 25p a mile after that, back from the tax man.
Ive opted out and bought an audi convertible but; with my companies scheme i have just over £1000 a month to play with after diesel!
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