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Do I take the cash which is a paltry amount, but I have a perfectly good 3 year old astra under warranty until it hits 100k (currently 29k)
Or do I take the company car and pay the tax (40% too so a seat Leon is about £160 a month)
To complicate matters I have a loan which is almost exactly what the astra is worth! So if I took company car could pay off.
Astra is owned outright and the money the firm are offering me will easily cover it's fixed costs... over to you...
I'd take the money and [s]run[/s] use it to pay off the loan, TBH.
The tax on the car and the tax on the allowance probably won't differ by much (I recently went from one to the other and it was about 10 quid per month different).
Always take the money. You can spend or invest it a car is just a car.
Is it a lump sum or per month?