Company Car or Cash Alternative?
Many people choose to take
a cash payment as an addition to their salary instead of a company car. However
most people do not consider the two options in enough detail and often make the
wrong decision.
At WMG Vehicle Management
we can look at all the factors and advise on whether a company car or a cash alternative
is the most appropriate solution. We can then advise on the best method of funding
and then locate and supply an appropriate vehicle.
| Some
practical considerations are: |
 |
Practicality |
 |
Company Image |
 |
Heath & Safety |
 |
Insurance |
 |
Reliability |
 |
Long term commitment
|
|
|
| Some
financial considerations are: |
 |
Present company car /
fuel allowance |
 |
Proposed monthly cash
alternative |
 |
Insurance costs |
 |
Business / private mileage
|
 |
Rate of income tax paid
|
 |
National Insurance |
 |
Mileage allowance rate
paid by company |
 |
Is private fuel currently
supplied |
 |
Depreciation |
|