Delivery taken with just 13 miles on the clock, air con, in-car dvd player with 2 sets of headphones, new car seats for the children, roof bars incase we manage to fill up the twice-the-size-of-the-Golf back, fold down into the car very rear seats and a fuel card to keep filling it up with diesel, here is one of the (few) perks of the reason for my very absent husband’s absence:
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oooh that’s rather gorgeous (for a car). Nice perk Ady!
Don’t think I could cope with being taxed on those extras 😉 At least it’s silver, to blend in.
Out of interest, how many private miles do you do in it? Interested as to how much of a perk their paying for private journeys is. We have been looking at taxable benefits at work recently and it struck me that you had to do a lot of private miles to make it worth tax you pay for the free fuel benefit.
Their. Oh dear. Then again private use includes commuting to work so I guess nearly all Ady’s miles are in fact private so it probably is a massive benefit!!!
I’ve never really looked into precisely what the tax implications are, but certainly it’s far less than the cost of buying and running another car would be. There is no limit at all on what private mileage we do and as you know we abuse it really. We probably average around 100-150 miles a week when you take into account using it for holidays. I spend £15 on tax, £15 a month on MOT / service and £35 a month on insuring my car before I even put fuel in it so that’s £65 a month it saves us – I reckon a good £150 a month realistically when you factor in fuel too – there is no way Ady pays that much tax for having the car.
Of course the more fuel efficient the car the more marginal the benefit. Online calculators suggest the tax paid on the free fuel benefit (not the company car benefit) on a Touran would be around £665. Enough money, at the Touran’s mpg, to fund 7,341 miles of private use. So if you do 150 miles a week you’re getting a financial benefit equivalent to a tank of diesel over a year. There is the convenience benefit of cashless fuel that is probably worth some psychologically.
The benefit from having the company car itself is more tangible in that it avoids the initial capital outlay on a second car.
don’t care about the tax benefits or not, it’s a very nice car, hope you all enjoy it!
I think it’s not about the fuel really is it? I’ve heard people before moan about the tax on company cars which strikes me as rather odd. It *is* a perk so it stands to reason you get taxed on it – sort of like moaning about getting a £10k payrise because now you’ll pay more tax! 😆 Also my initial estimate of 150 miles a week must be off actually cos I’d not thought of Melrose, Tour of the North, Kessingland, Hunstanton, Helmsley type trips which tally an extra few 1000 a year too.
Ady could forgoe both the company car (he could use a pool car solely for work journeys and just pick it up from work each morning, but that would necessitate a second car for him to get to and from work every day) or the private fuel benefit by paying for our mileage but there is no way that we would save money by either of those options.