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FINANCE
- CASH FOR CARS - DRIVERS |
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For those who
don’t have money to spare, the company
car is an excellent proposition. Despite
paying tax, you are relieved of the burden
of unexpected bills, and the expense of
road tax, insurance, service and MOT’s
not to mention the cost of ongoing
maintenance.
Conversely, against
the above advantages you have to weigh up
the additional costs of the new CO2 based
scale charge for benefit in kind company
car tax.
Less than half
of company car drivers know how much tax
they pay on their vehicles, and more often
than not, a driver will choose their next
vehicle on looks and performance, without
realising it could cost them significantly
higher levels of personal taxation.
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