Company car

[Legacywr]

I have always had a company car, but, I also understand that I could take an allowance instead?

I'd like to approach the other directors regarding this, but I'd like to know the facts, and pros and cons before I do so.

My current situation is this, I have a deposit on a Focus RS, but the BIK would be around £140 per week

If I do stick with a company car, I'd get a 330e BMW, which would £40 per week!

[Legacywr]

Yes, that's the P11D effect on my income, so that' £140 out of my weekly pay.

We normally buy our cars outright, but with a battery powered car, it may be best to lease it?

[Legacywr]

Yes, I get fuel too, and the RS was about 34k in the spec I ordered.

[Legacywr]

Yes, I get fuel too, and the RS was about 34k in the spec I ordered.

[Legacywr]

So, I've had 2 test drives in the Focus RS, and I won't be getting one!

My next question is, based on the fact that I have a budget of 40k for a car, that I would keep for 4 years, what would be a reasonable allowance I could expect if I opted out?

[Legacywr]

Sorry for the lack of information.

Yes, my co directors and I own the company, it's actually a family business.

I basically cover zero business miles, apart from the odd occasion. I currently get taxed on the car, and fuel at a loading of 25% on a car that was 38k.

The Focus RS is out of the picture now, due to its own merits,

To have the BMW 330e as company car, is a bit of a no brainer though I'd say. Wouldn't you?

[Legacywr]

Splats said:

God, you're like a dog with a bone. I can't believe that I have to deal with your depressing negativity on two of my favourite forums. We get it, the RS is st and your scooby is better. Your approach to this entire thing has reminded me of when you ask someone to try some food and they say, "Ok, but I'm probably not going to like it" before they even pick up the fork. At that point I usually ask them not to bother because with that attitude...

Are you hunting me down? Are considering a 330e too? What a small world!

"Person on internet forum, with different opinion shock horror!"

[Legacywr]

The trouble with the RS is, that the things it does very well, you shouldn't do very often

[Legacywr]

It's a very good car when giving it the beans, there can be no doubt about that, it just isn't an 'event' as I hoped it would be as a day to day driver!

I wished I'd ordered a white one too!

[Legacywr]

Ah yes, you are correct 😊

I know didn't go down very well on the 'other' forum, but, my Subaru really is an event, even when just poodleing to work and back.

[Legacywr]

I need to question my current P11D value for my car, as our bookkeeper keeps incorrectly filling out the figure incorrectly.

My situation is that a run a JDM Subaru, which has no European CO2 figure, and, being under 2 liter, only gets taxed at 25%.

I need to find this information online, but I'm struggling to find the right information that I need to relay to the HMRC.

[Legacywr]

Yes, spot on! Thanks

[Legacywr]

Just an update, I've fallen back in love with my Subaru