Company car scheme or cash contribution?

Many years ago I swapped my company car for a £500 per month taxable company contribution. Now my company is trying to persuade all "cash takers" to rejoin, saying that terms now make it cheaper than buying a car from new. Next year I am looking at swapping my 2.4-litre Accord Tourer for a BMW 5 Series Touring. Any idea if I should buy with cash or go back to the company car scheme?

Asked on 15 September 2012 by SK, Hemel Hempstead

Answered by Honest John

There's a company car tax calculator here: www.honestjohn.co.uk/company-car-tax/

Tags: company cars

Similar questions

Leasing a new company car

I have the possibility of buying a company car (renting). What will be better, a fully-equipped Passat, Mondeo or Mazda 6, or a basic BMW 5-Series (also 3-Series, X3 or Audi an Audi A4 avant or Allroad)? Security...

Wagging the dog

We wondered if you could offer your thoughts on the following please. My partner's company car (currently 9-3 Sportwagon) is due for renewal in September this year, and he is looking for another diesel...

How do I maintain my no claims discount if I have a company car?

I've a car which I'm getting rid of where I am the primary named driver on a personal policy, with 20+ years NCB. I do not intend to get a replacement vehicle for a couple of years. My second car has my...

Related models

Honda Accord Tourer (2008 - 2015)

Impressively quiet and strong i-DTEC diesel engine. Feels well built and reliable. High refinement and comfort levels. Lots of underfloor boot storage.