company car tax costs.

[pitbull turbo]

I would like to first like to appligise for what is a easy question but i am likely to be in a postion to get a company car if i want one and as the mazda6 mos is so bad on fuel i might get one to join the mazda but roughly how much do you pay a month for say something like a 1,7 ctdi astra and in 6 months i could get a passat or 320d and how much would i pay for that?
i earn 36k if that makes any differance to how much i would pay

[grgrgray]

Try Here http://cccfcalculator.hmrc.gov.uk/CCF0.aspx

You calculate the taxable benefit based on the list price of the car plus accessories and the CO2 rating % The tax you pay depends on your tax rate 22 or 40%. You pay more tax if you get company supplied fuel (a lot more).

[GSP]

Damn your post is hard to read.

There are calculators about that will yell you what you want to know.

Your taxed at 20% so...

Value of a 320d say roughly £27k

I don't know the emissions of the 320d it will either fall into the 13% or 18% emissions, we will do worse case, so 18% of £27k = £4860

You pay 20% of £4860 = £972... or £81 a month.

[GSP]

If you have a fuel card and dont pay for your private mileage you pay an extra £50 a month. Most companies use all-star or similar which you pay for your own private mileage on in most cases.

[pitbull turbo]

sorry i have dislexia quite badly hence my rubbish post. sorry about that.
basicly at the moment i would get a fully paid astra 1.7 cdti estate club and everything paid for including private fuel.
in the next year i would upgrade to a signum 2.0 cdti then 6 months after that im more than likely get a passat 2.0tdi or maybe merc e320 cdi.

il try the calulators and see how i go.
thanks guys

[VeeFour]

pitbull turbo said:

sorry i have dislexia quite badly hence my rubbish post. sorry about that.
basicly at the moment i would get a fully paid astra 1.7 cdti estate club and everything paid for including private fuel.
in the next year i would upgrade to a signum 2.0 cdti then 6 months after that im more than likely get a passat 2.0tdi or maybe merc e320 cdi.

il try the calulators and see how i go.
thanks guys

How does that work, then?

You're usually tied into a 3 or 4 year lease on company cars - I know that we have to keep our car until the lease end even if we are promoted.

The Signum is no longer available and never had a 2.0CDTI option.

[pitbull turbo]

do you guys roughly know how much an amployer is likely to contribute on the car and fuel?

[VeeFour]

pitbull turbo said:

do you guys roughly know how much an amployer is likely to contribute on the car and fuel?

Have you ever had a company car, or are you making this up as you go along?

Your car will be decided on the grading of your job - some companies allow you to upgrade in exchange for a personal contribution, or downgrade and take extra salary in exchange.

Nobody knows what car you'll get unless they work for your employers.

I know one thing - fuel cards are a waste of money unless you do lots of private mileage every year.

[pitbull turbo]

nope never had a company car. always had vans for work but now they have made us all take these astras. il get a permotion in 6 months hence the upgrade

[ALawson]

For a 13% CO2 i.e. a 318d you need to do about 8k private miles to break even on the tax (£80 a month as a 40% tax rate)

On comcar link http://www.comcar.co.uk/newcar/companycar/poolresu...

you can check.

[VeeFour]

pitbull turbo said:

nope never had a company car. always had vans for work but now they have made us all take these astras. il get a permotion in 6 months hence the upgrade

Not being funny, but how do you know you're going to get a promotion?

To get your tax bill for the Astra, try:

http://www.comcar.co.uk/

That'll work out the bill for any currently available car.

[sklar]

VeeFour said:

I know one thing - fuel cards are a waste of money unless you do lots of private mileage every year.

At 40% yes maybe so but depends on the car, at 20% it's an absolute bargain - especially at the moment. Bear in mind you don't class travelling to/from a single place of work as business mileage.

Take a new 20k P11d value Astra Diesel estate coming in at 13% BIK. At 20% that's £39 a month on fuel and at 40% £78 a month. A 55 litre tank of diesel costs about £75 nowadays for say 450/500 miles of range.

[Superhoop]

Will it be at 20%?

If he's earning 36k, and then you add the taxable benefit of the car, surely that'll push him into 40% territory no?

Okay, he won't pay the full 40%, but it'll be over 20%

[VeeFour]

sklar said:

At 40% yes maybe so but depends on the car, at 20% it's an absolute bargain - especially at the moment. Bear in mind you don't class travelling to/from a single place of work as business mileage.

Take a new 20k P11d value Astra Diesel estate coming in at 13% BIK. At 20% that's £39 a month on fuel and at 40% £78 a month. A 55 litre tank of diesel costs about £75 nowadays for say 450/500 miles of range.

Good point- last did that calculation a good few years ago on a Passat 2.0TDI, worked out I had to do circa 10k private miles / year to break even.

[pitbull turbo]

its a time served/ performance permotion. im already at the rank just need to do the time served hence knowing il get premoted.

as for the having to do 10k a year to break even i might as well keep my mazda 6 then as i will loose money selling that too which makes using the car not worth while. i can still spec it but use a milage sheet and tracker and i don't have to pay tax then as its classed as a tool like a van would be..