rog

iTrader: (2)

Been offered a new job as of yesterday, and there are a few things i need to consider, been given a not bad salary and £505 a month company car allowance.
Anyway my question is, how does this NORMALLY work, i appreciate it will differ slightly from company to company.
1)Would this include fuel, i.e if i get a £300 a month car i would use the rest to fuel it, or i would have to fuel it myself regardless of how much of the budget i used.
2) When could i use it, obviously it's a company car, or car allowance, so i take it that it's covered under their insurance? So does that mean i can't really use it for non company business, i.e trips to asda and weekends away camping and shit???
3) Would i be better off just saying, give me the equivalent money on my salary?????

Sure i'll think of more later....
CheeRS.

Lambchop

iTrader: (1)

who with rog? obviously onshore eh?

our work is £450/month. Basically its paid with your salary so you can do what you want with it. The terms are when purchased the car must be less that n 5 years old and it should have 4 doors. However one guy has an e46 m3 and another guy claims but has no car! Noone has batted an eyelid at either!!

Fuel is usually at your own cost unless for business use. You'll be able to claim miles back at prob 40p/mile.

Lambchop

iTrader: (1)

ps
2. its your car so go where you like with it. it'll be your own insurance perhaps too. ours is. its all just classed as your own but they make a payment to you each month.

3. i bet its take it or leave it. no extra will go on salary

rog

iTrader: (2)

cheers, yeah it's onshore, with a company called tesco corp. a dh tool company, mainly drilling stuff. Also been offered a 4 and 4 in Angola, I'm quite preffering that tbh.
Wud like a new fast car, but dunno if i can be assed with fuel costs and insurance, the punto does have it's advantages.....Lol.

Cawood

i got the choice of a car or car allowance

i took the car allowance so i just get the money paid into my bank with my wage

n i just use the cossie (well i dont even do that i live in walking distance to work)

so its just easy extra money to me

rstoughy

iTrader: (5)

Rog,

We get a car allowance. No real restrictions on what type of car ect but we do have to pay everything with it. I can claim my fuel back so i tend to use that for the servicing costs every 3-4 months.

rog

iTrader: (2)

Excellent, he can give me the lowdown
Do you know what he is doing?

BTW on the engine front, it's ready to go in now, will maybe try over the weekend, or I'm off all next week if your free then?

david

I get 40p per mile for the first 18,000 miles then 20p after that.

Need to pay everything out of that including our own insurance but it still works out fairly well if you do your own servicing.

Only car they wouldn't let me buy was an EVO but a scooby was ok

Shings

I get £3500 a year car allowance on my band and get £0.13 per mile- which is gov't advised rates for a 2000cc car.

I have to have a car that is under 6 years old and have to pay for all running cost from that and have class 1 business use on my insurance.

Jake