New company car policy
Discussion
I don't know what our fleet team in Poland have been smoking/drinking but they have decided EMEA need a new fleet policy for our company vehicles. On the whole it's an improvement in terms of manufacture choice and monthly allowance - Essentially you can have what you want within reason but the BIK starts to get pretty fruity if you fancy something like an M135i or a M235i GT or anything with a high performance engine.
The sting in the tail is they now say you don't get any of the money back if you overpay your monthly allowance (this has to be done up front for the 48 month term) if you leave the company including being made redundant. Now if I chose to leave then fine I will suck it up but if they make me redundant this seams grossly unfair. They want to apply it to all company vehicles not just new orders, I have ordered a car but it's not been delivered and I am in for £1400.
Is this legal or can they do what they want if you sign & agree to it? You don't get a sensible answer on anything from them and if its a confrontation matter they just ignore it.
They also want to start charging us £500 towards the insurance xs if we have an accident and are deemed to be at fault. Never had this in the last 20yrs and don't see why it should apply now (10 years since I had a bump thankfully). We don't charge the plant ops people when they f*ck stuff up on plant and the company has to pay for disposal of scrap material so why should drivers be penalised.
Not planning on having an accident & have been with the company 27 years so they won't get rid of me in a hurry so you could say don't worry about it but just recently the support service functions, which they have punted out to Eastern Europe as its cheaper are proving a right pain in the arse.
The sting in the tail is they now say you don't get any of the money back if you overpay your monthly allowance (this has to be done up front for the 48 month term) if you leave the company including being made redundant. Now if I chose to leave then fine I will suck it up but if they make me redundant this seams grossly unfair. They want to apply it to all company vehicles not just new orders, I have ordered a car but it's not been delivered and I am in for £1400.
Is this legal or can they do what they want if you sign & agree to it? You don't get a sensible answer on anything from them and if its a confrontation matter they just ignore it.
They also want to start charging us £500 towards the insurance xs if we have an accident and are deemed to be at fault. Never had this in the last 20yrs and don't see why it should apply now (10 years since I had a bump thankfully). We don't charge the plant ops people when they f*ck stuff up on plant and the company has to pay for disposal of scrap material so why should drivers be penalised.
Not planning on having an accident & have been with the company 27 years so they won't get rid of me in a hurry so you could say don't worry about it but just recently the support service functions, which they have punted out to Eastern Europe as its cheaper are proving a right pain in the arse.
shep1001 said:
The sting in the tail is they now say you don't get any of the money back if you overpay your monthly allowance (this has to be done up front for the 48 month term) if you leave the company including being made redundant. Now if I chose to leave then fine I will suck it up but if they make me redundant this seams grossly unfair. They want to apply it to all company vehicles not just new orders, I have ordered a car but it's not been delivered and I am in for £1400.
I suppose you could argue about it if you get made redundant. The amount should decrease over time so if you can hang on for a couple of years you'll only be talking about £700.shep1001 said:
They also want to start charging us £500 towards the insurance xs if we have an accident and are deemed to be at fault. Never had this in the last 20yrs and don't see why it should apply now (10 years since I had a bump thankfully). We don't charge the plant ops people when they f*ck stuff up on plant and the company has to pay for disposal of scrap material so why should drivers be penalised.
Going back a bit I started a new job and on day one was presented with the company car agreement to sign and the excess was £1000! They said they didn't normally enforce it blah blah but if I didn't sign I didn't have a job. A family member who does company law reckoned they'd have difficulty enforcing it if the accident happened on company business but if 'off duty' then it's probably OK. I don't do excess's on my own insurance if avoidable and my beef was the company was saving money by having a hefty excess and it's cheeky to make users cover it.As it happened in 17yrs I never had an accident but others did and they tended to enforce it for the second at fault accident (or, in one case, where the guy smashed up his car driving in on his last day!).
shep1001 said:
worsy said:
Slightly OT answering the second poster, but you can get a policy excess policy up to 1000 quite cheaply. Obviously it's an annual commitment but might provide peace of mind.
I will look into that thanks. might be worth it if it costs a £10-20.By all means look into it, but I'd be surprised if it's available if you're not the policyholder on the car.
I think you need to clarify the backdating it - as this would be the area that i would have issue with
I'd hope that they have just confused things and really only mean on new vehicles
The rest seems quite sensible .. you order something beyond your allowance/with high BIK and leave they would have to pick up the difference until the lease is up. ( as i cant see them finding someone else to pick up BIK on a Msomethingi from the pool)
I'd hope that they have just confused things and really only mean on new vehicles
The rest seems quite sensible .. you order something beyond your allowance/with high BIK and leave they would have to pick up the difference until the lease is up. ( as i cant see them finding someone else to pick up BIK on a Msomethingi from the pool)
Chozza said:
I think you need to clarify the backdating it - as this would be the area that i would have issue with
I'd hope that they have just confused things and really only mean on new vehicles
The rest seems quite sensible .. you order something beyond your allowance/with high BIK and leave they would have to pick up the difference until the lease is up. ( as i cant see them finding someone else to pick up BIK on a Msomethingi from the pool)
Probably this, someone knew they were leaving our place and ordered a £50k 530d m sport in red. It was on the second user list for months as the BIK was horrendous and he had deliberately specced it crap.I'd hope that they have just confused things and really only mean on new vehicles
The rest seems quite sensible .. you order something beyond your allowance/with high BIK and leave they would have to pick up the difference until the lease is up. ( as i cant see them finding someone else to pick up BIK on a Msomethingi from the pool)
anonymous said:
[redacted]
Because for a nominal sum over the lease value you can get a better and/or more tax efficient greener carcar. The issue is Leaseplan want 48mnths 'upgrade payments' at the start of the lease whereas Alphabet took it monthly. £25/mnth looks a lot more expensive having to pony it up in one go. Also the issue is all the tax efficient cars are out of budget. I get £510 that covers everything; full maintenance/Insurance/tyres etc. That gets me anything with a big engine with a few quid for options M135i, M235I GT, 330i, 35 engine badged Audi A3/4 Black-line models etc but the tax is eye-watering at £400+/mnth .
If you want the tax efficient options 330e (£520) 530e (£535) Tesla Model 3 is about £545 you have to bung some cash in which is more than offset by the tax saving with the car attracting a BIK of about £150/mnth but you have to put it down when you order the car and if you don't last 4 years you appear to loose the money.
Edited by shep1001 on Tuesday 28th January 19:58
Edited by shep1001 on Tuesday 28th January 19:58
Edited by shep1001 on Tuesday 28th January 20:00
shep1001 said:
anonymous said:
[redacted]
Because for a nominal sum over the lease value you can get a better and/or more tax efficient greener carcar. The issue is Leaseplan want 48mnths 'upgrade payments' at the start of the lease whereas Alphabet took it monthly. £25/mnth looks a lot more expensive having to pony it up in one go. Also the issue is all the tax efficient cars are out of budget. I get £510 that covers everything; full maintenance/Insurance/tyres etc. That gets me anything with a big engine with a few quid for options M135i, M235I GT, 330i, 35 engine badged Audi A3/4 Black-line models etc but the tax is eye-watering at £400+/mnth .
If you want the tax efficient options 330e (£520) 530e (£535) Tesla Model 3 is about £545 you have to bung some cash in which is more than offset by the tax saving with the car attracting a BIK of about £150/mnth but you have to put it down when you order the car and if you don't last 4 years you appear to loose the money.
TwigtheWonderkid said:
Do you get the balance of the £510/month if you go for something cheaper?
No, you can spend it on options to make it up to your allowance or beyond by 15% but nothing back. I tried that, a Renault Twingo cost about 50p and about as much again in tax but the NO was loud and clear along with whatever I choose must be a sensible colour and no upgrades that make it look like a drug dealers car like last time I had a 5 series. Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff