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company car

  • 20-03-2008 10:16pm
    #1
    c-dog
    Registered Users, Registered Users 2 Posts: 62 ✭✭


    hi,

    jus a quick one for anybody who knows, i'm moving to portlaois and gonna be working in dublin so traveling bout 400-500 miles per week would it be worth getting a company car or taking a higher pay rise and buying a diesel car myself. not to sure on the benefit and kind situation and if a company car/van would be the best option?!?!


Comments

  • #2
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    c-dog wrote: »
    hi,

    jus a quick one for anybody who knows, i'm moving to portlaois and gonna be working in dublin so traveling bout 400-500 miles per week would it be worth getting a company car or taking a higher pay rise and buying a diesel car myself. not to sure on the benefit and kind situation and if a company car/van would be the best option?!?!

    in round numbers, assuming no/low business mileage the net cost of a company car is 15% pa of the OMV
    so if the OMV of the new car is 50,000 then u pay 625 a month each month every month so in 6.66 years u have paid 50,000 in bik.
    The office admin on bik is now mad complicated so unless ur firm is already set up for it....

    I would get the pay rise and then see about a car or use the train


  • #3
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Nor really a Banking/Insurance/Pensions question - moving to Work & Jobs as it's probably a more relevant home


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