I've decided to opt out of my company car scheme and get a car via personal contract hire. I'd like your opinions on this.

Secondly (the subaru bit) as I've obviosly got to insure it how do I go about doing this cost effectivley even though my no claims is on the Scooby?

Thanks

Esh

 

Hard to say without having a clue what your company are offering, how many miles you do a year, business and private, what pence per mile your company are offering.......

 

Speak to the Insurance Company that does your company cars......they might want to keep your custom....I did the same and got Sti PPP for £735 fully comp........best other quote I got was over £2K !!

Make sure you get 40p a mile for mileage too......... 2000 miles a month aint cheap

 

I've been offered £4500 P/A

I believe petrol is at 13ppm.

I'll do about 10k - 12k p/a.

I'm looking at either a golf GT TDI or a Skoda fabia vrs.

What I'm unsure of is where I stand with petrol, insurance and my current subaru.

As I've technically opted out of the car scheme should the mileage rate be higher?

Thanks gents!

Esh

 

i charge 35ppm for my clients...

just about covers the running costs/servicing/tax/insurance/petrol.

dazza

 

I have just been through the same. I have kept my impreza and am leasing a car from the companies approved leasing provider. The insurance on the leased vehicle is with the leasing company (underwritten by Zurich), and is based upon not having more than 1 claim or conviction in the past 12 months, and is irrespective of no claims (so I can keep that for the Scooby). They were actually the cheapest anyway!

As for the mileage. If it is official business mileage you can claim back the difference upto 40ppm from HM Revenue and Customs at the end of the year (i.e. if your company give you 13ppm, you can claim 27ppm from C&R).

 

I've recently bought a vRS and can vouch for a great car. Average 51mpg and even is i press the chug-pedal, it's around 46. Great fun and economy to boot.

 

I opted out and took the money. I use my own scoob for work now and pocket the money/put it towards running the car.

I then claim fuel from the company.

You can't claim back 27ppm. Wish you could!

The government recommended is 40ppm i think. So you can claim the TAX back on the difference. Not the actual difference.

Still it is better than nothing.

 

Thats just not going to be possible. I've got a type r. Short gear ratios and high fuel consumption.

I'm used to having a newer everyday car anyway.

Told the peeps in the office of my decision on the VRS and you should have seen there faces. Once they realised I wasn't joking they tried to climb out of there holes but it was too late. I've been having a re-think but the Skoda makes financial sense.

Its very hard to ignore the bare facts of low running costs & 45+MPG. I've managed to find one for £270 p/m maintained. I couldn;t even get the golf GT TDI non maintained for that.