Another what car question...new company car cash alternative

[Tant]

All...need a bit of help here.

I'll soon be starting a new job, and qualify for company car cash alternative.

They set certain criteria on what to buy, and it must:-

.Seat 4 adults
.Be a tin top
.Done less than 15K miles
.Have 75% or more of manufacturers warrenty in place.
.Will be changed at 5 years or 100K
.I'll have £400 gross to spend (can top up from my own funds)

I've never bought new as I can't see the point in taking the depreciation hit, but the >75% warrenty will force me to get something less than 9 months old if it has a 3 year warrenty.

I've never leased either but was thinking about that option.

As a guide I'd like something mondeo sized, but possibly focus size too, and quite like Saab 9-3. I'll probably go diesel too.

Any help appreciated
Cheers
Ant

[JQ]

With those restrictions in place I'd just take the company car. £400 pcm gross is circa £275 net - take off the running costs of the car, that leaves you with £200pcm to buy a car less than 9 months old.

[edo]

6 month old BMW 320d.

[Jazoli]

I know its not exotic but the Kia Ceed had a five year warranty, the newer ones have seven I think, fills your criteria

[softtop]

ask about, some schemes are offered in the hope that only a madman would take up the offer. Look closely at the company car scheme...

[SonicHedgeHog]

For the reasons outlined above I'd stick with the company car scheme. At first glance it might appear you have a decent budget and can get something exciting, but it isn't really that big an allowance. The upside is that you'll be able to enjoy the delights of a brand new car for the first time in your life and have all the fun of speccing it up exactly how you like it.