Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Company Cars - the deal

  • 05-04-2006 3:33pm
    #1
    Closed Accounts Posts: 3,643 ✭✭✭


    What's the usual deal with company cars? Are they on a set lease term or can the company return them at any time?


Comments

  • Registered Users, Registered Users 2 Posts: 4,787 ✭✭✭prospect


    magpie wrote:
    What's the usual deal with company cars? Are they on a set lease term or can the company return them at any time?

    Our company has them for a fixed term.
    If the employee leaves, the car either gets passed onto their replacement, or sits idle...


  • Closed Accounts Posts: 3,643 ✭✭✭magpie


    Crap. What's the fixed term? I want to switch to a more tax efficient 'car allowance'


  • Closed Accounts Posts: 16,801 ✭✭✭✭Gary ITR


    depends on the company. Mine is three years but the last company I worked for had them for four years.


  • Closed Accounts Posts: 3,643 ✭✭✭magpie


    Urgh.


  • Closed Accounts Posts: 16,801 ✭✭✭✭Gary ITR


    Whats the lease company? I know if you go over a certain amount of miles the car has to be changed too. 120000 with Allied Arval


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    magpie wrote:
    I want to switch to a more tax efficient 'car allowance'

    The most tax efficient if you do enough miles is to keep your own car and pay for all costs. The company can then reimburse you per mile which is tax-free under certain conditions* (discussed here a few weeks ago - do a search)

    In practice, the aim is that you get more than the car costs you, so you drive for free, courtesy of your employer :)

    *This doesn't work for driving to and from work, amongst other conditions


Advertisement