Company says must have a car under 4 years old?
Discussion
Hi all,
Looking to get a new (to me) car, the chap is selling as he's changed jobs and he's saying: "My new company has a 4 year policy so anything older than that I need to change."
Now, the car looks good etc... Bit high on the miles given the age, but I can't say I've ever heard of a company stating what car age you must have?? Anyone heard of this? Just curious really, and to why?
Looking to get a new (to me) car, the chap is selling as he's changed jobs and he's saying: "My new company has a 4 year policy so anything older than that I need to change."
Now, the car looks good etc... Bit high on the miles given the age, but I can't say I've ever heard of a company stating what car age you must have?? Anyone heard of this? Just curious really, and to why?
Lots of employers offer cash incentives to opt out of company cars, providing you have a vehicle which meets certain criteria - they're usually age based. It's partly about company image, they don't want some tight rep taking 45p a mile and turning up at clients in a 10 year old Mondeo s
tbox running on used chip fat and equally they don't want the same guy phoning in late every 3rd week because it's st itself on the way in.
tbox running on used chip fat and equally they don't want the same guy phoning in late every 3rd week because it's st itself on the way in. P-Jay said:
Lots of employers offer cash incentives to opt out of company cars, providing you have a vehicle which meets certain criteria - they're usually age based. It's partly about company image, they don't want some tight rep taking 45p a mile and turning up at clients in a 10 year old Mondeo stbox running on used chip fat and equally they don't want the same guy phoning in late every 3rd week because it's st itself on the way in.
OK, that starts to make sense. You take the allowance, we expect you to spend it kinda thing... Otherwise, we'll give you a car.tbox running on used chip fat and equally they don't want the same guy phoning in late every 3rd week because it's st itself on the way in. RemarkLima said:
How odd - My wife get's a car allowance through HSBC and has a 1991 Nissan Figaro...???
Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
Does she get a monthly sum, or just mileage?Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
Big companies (and HSBC is pretty big) more and more tend to have CO2 limits even on car allowance cars.
The Elan would fail most companies car allowance test!
NPI said:
RemarkLima said:
How odd - My wife get's a car allowance through HSBC and has a 1991 Nissan Figaro...???
Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
Does she get a monthly sum, or just mileage?Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
Big companies (and HSBC is pretty big) more and more tend to have CO2 limits even on car allowance cars.
The Elan would fail most companies car allowance test!
RemarkLima said:
How odd - My wife get's a car allowance through HSBC and has a 1991 Nissan Figaro...???
Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your
car allowance?
They can just stop paying the allowance, the terms will be written in to the contract.Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your
car allowance?
same where I work.
no older than 6 years.
'reasonable mpg' and 'reasonable CO2' (which in reality is actually anything less than 170 co2.
Also needs at least 4 or 5 doors.
previous company had stricter rules - no 4x4, convertibles or coupes and co2 less than 120. Allowance was rubbish too on the grade I was on.
one point of note is that, where a company demands certain rules, they often include full and evidenced servicing and MoT etc, so I suppose when buying from someone you know they've had to service it by the book!
no older than 6 years.
'reasonable mpg' and 'reasonable CO2' (which in reality is actually anything less than 170 co2.
Also needs at least 4 or 5 doors.
previous company had stricter rules - no 4x4, convertibles or coupes and co2 less than 120. Allowance was rubbish too on the grade I was on.
one point of note is that, where a company demands certain rules, they often include full and evidenced servicing and MoT etc, so I suppose when buying from someone you know they've had to service it by the book!
RemarkLima said:
How odd - My wife get's a car allowance through HSBC and has a 1991 Nissan Figaro...???
Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
If your employer is paying you a car allowance in lieu of a company car, why shouldn't they set criteria for it. Is a 1969 Lotus Elan a suitable car for taking 3 colleagues to see a client? Surely if it's your car, you can have whatever you'd like?! *shrug* So if you rock up in a 1969 Lotus Elan they'll stop your car allowance?
TwigtheWonderkid said:
If your employer is paying you a car allowance in lieu of a company car, why shouldn't they set criteria for it. Is a 1969 Lotus Elan a suitable car for taking 3 colleagues to see a client?
Doesn't affect my wife, her company doesn't set any criteria about your car if you take the allowance, but her option was to either take the cash or forfeit over a hundred quid a month and get some piece of st 1.6 diesel Mondeo foisted on her. Gassing Station | General Gassing | Top of Page | What's New | My Stuff