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Company car dilemma

  • 15-12-2013 11:19pm
    #1
    ninty9er
    Registered Users, Registered Users 2 Posts: 9,366 ✭✭✭


    I'm in a position where in the next few months either through promotion or moving I'm likely to have a company car.

    I like my car, spent a lot of time and effort finding it, and won't have a great deal of choice in what I'm given when the time comes. I'm also reluctant to part with it until I'm made permanent just in case I need it again. Due to a car and other perks being part of one of the above options, the salary would be lower than I'm on, so keeping up the loan repayments would really stretch me.

    I also feel wierd about the notion of a few years down the line ending up with no no claims (which has taken a lot of time and money to gather) as I'd be driving on a fleet policy.

    Anyone had a similar situation? What did you do?


Comments

  • #2
    amandaf675
    Registered Users, Registered Users 2 Posts: 488 ✭✭amandaf675


    Can you ask your boss to allow you to keep your own car and salary etc but dont take the company car? Unless you use your car for more than commuting?


  • #3
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    Sold it the second I got the van, never looked back. Absolutely no point in holding on to a depreciating asset for no reason.


  • #4
    ninty9er
    Registered Users, Registered Users 2 Posts: 9,366 ✭✭✭ninty9er


    Nope, none of the options come with a car allowance, it's a fuelled company car, which leaves me with no use for mine for the foreseeable.


  • #5
    Drummerboy08
    Closed Accounts Posts: 12,102 ✭✭✭✭Drummerboy08


    Get rid of it. Buy something a bit more special if you want a weekend car and to keep your NCB.

    As LM says, pointless keeping a depreciating asset for the sake of it.


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