CarLease UK

Car Leasing & Contract Hire News, Mews & Reviews

Taking a view on the company car or cash decision

23 May 2013 by Rob

We understand that you may as a company or a company car driver face a dilemma when you have to decide between a car and cash.   You are certainly not alone in making this decision and we have posted on YouTube a series of videos to address the most common questions.

Firstly, if you opt-out then you choose the car. You know your budget and then we guide you through the process. This is when you will really find us useful, because we will take the time to work out what you can actually afford.

Lets say for example that you have a cash for car allowance of £300 per month. Well immediately it will appear that you have less than you thought you had. But when you begin to add back in the pence per mile that you can charge your employer, 45p per mile up to 10,000 miles and 25p per mile afterwards, the car that you can have gets better and better.

Obviously the decision is not as obvious as it seems at first, but we are here to help, have a look at our company car or cash allowance  page for even more info and links.

Filed Under: Leasing News Tagged With: Car leasing, Carlease uk, company car or cash, Eco Leasing

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