You currently run a company car. Your employer is now offering you a choice – the company car or cash? Which should you choose? How do you make the right decision? What are the tax implications? Are there any other factors you must consider?
The cash for car debate is spreading across the UK, leaving employees confused and unsure. While the cash choice is available to some, surveys show that little over seven per cent of employees have actually taken up the cash over car offer.
Top leasing company Vauxhall MasterHire has come to the decision-makers’ rescue with a new booklet – "Cash-for-Car: the real issues". Whether you are an employer reviewing your company car policy or an employee considering making the switch from car to cash, the guide will help you to understand the key issues involved.
"The booklet is set out in a simple question and answer format, which allows the reader to quickly identify the potential benefits and drawbacks," says Robert Kingdom, Vauxhall MasterHire’s managing director.
Free copies are available from Vauxhall MasterHire – phone 01926 824600 or e-mail name, address and contact number to firstname.lastname@example.org.Published 11 October 2002