Company Car Tax - Something powerful!
Discussion
Evening all,
I traded my S3 in for the new A5 about 12 months ago, the S3 was a fun little car and great for my everyday commute of 90 miles from Leeds to Manchester. Fast forward and we moved the business to Oldham (Bigger warehouse, more modern offices and reduced costs + slightly closer to home) so my commute is shorter now and I have become slightly bored of the A5. Don't get me wrong as a modern car it ticks nearly every box and if you like pootling along its certainly good enough for that. Here is the dilemma...
I am thinking about a few different cars (as company vehicles of course hence the title and with company fuel) 718 Cayman S, Audi RS4, S5, RS5. The car should tick a couple of boxes, I don't want for too much, decent power and a good amount of luxury. I appreciate that there is some difference between the cars but they meet the criteria in slightly different ways. This is a car forum after all so chip in with a suggestion on car if you feel like it.
Question is, in your opinion what is the easiest and best way to reduce company car tax by paying into the company pot as it were:
Capital contribution (up to 5K)
or
Payment for private use
I've thought about buying a used Cayman for around the 20K mark and just running it myself but although it certainly may be pricey buying a car from a main dealer and running it through the company I just prefer the manufacturers warranty, servicing all taken care of, tires when I need them etc its nice and simple.
Any advice or your personal experiences would be gladly received.
I traded my S3 in for the new A5 about 12 months ago, the S3 was a fun little car and great for my everyday commute of 90 miles from Leeds to Manchester. Fast forward and we moved the business to Oldham (Bigger warehouse, more modern offices and reduced costs + slightly closer to home) so my commute is shorter now and I have become slightly bored of the A5. Don't get me wrong as a modern car it ticks nearly every box and if you like pootling along its certainly good enough for that. Here is the dilemma...
I am thinking about a few different cars (as company vehicles of course hence the title and with company fuel) 718 Cayman S, Audi RS4, S5, RS5. The car should tick a couple of boxes, I don't want for too much, decent power and a good amount of luxury. I appreciate that there is some difference between the cars but they meet the criteria in slightly different ways. This is a car forum after all so chip in with a suggestion on car if you feel like it.
Question is, in your opinion what is the easiest and best way to reduce company car tax by paying into the company pot as it were:
Capital contribution (up to 5K)
or
Payment for private use
I've thought about buying a used Cayman for around the 20K mark and just running it myself but although it certainly may be pricey buying a car from a main dealer and running it through the company I just prefer the manufacturers warranty, servicing all taken care of, tires when I need them etc its nice and simple.
Any advice or your personal experiences would be gladly received.
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