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Company Car Or Company Car Allowance – Which Should I Choose

If you have the choice of a Company Car or Company Car Allowance, you should check out how much Company Car Tax (or Benefit In Kind Tax as it is also known) that you would pay if you accept a company vehicle, and then decide whether to go for the Company Car or cash. You could be better off taking the car allowance and leasing a car yourself, even though the allowance is taxable.

The Cash for Car scheme has become increasingly popular with both employers and employees in recent years. Employers save time and money in not having to source, maintain and administer a fleet, although they must always be aware of their Duty of Care and Health & Safety responsibilities. And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you dont spend all of the company car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

If you choose to accept a Company Car Allowance, its worth considering Car Leasing vs Buying. Car Leasing (also known as Contract Hire) is simply the hiring of a vehicle for an agreed period of time for a fixed monthly rental. Unlike Short Term Rental or daily rental, a car lease is usually for 2-5 years, after which you can simply hand the car back with no further commitment or, in some case, you may be able to purchase the vehicle if you wish. Car Leasing is a convenient, cost-effective and hassle-free way of financing a new vehicle, and there are many benefits of leasing a car. It enables easy budgeting of your motoring costs, and the fixed monthly payments can even include servicing and maintenance. Also, theres no need to worry about depreciation or disposing of the vehicle at the end of the contract.

Dont forget that if you choose the company car instead of the company car allowance, all your motoring costs (except private fuel) will be taken care of by your employer including insurance, road tax, servicing and repairs. If you choose the company car allowance, you will have to pay for these things yourself.

If you choose a company car allowance and lease a vehicle which you use in the course of your job, youre entitled to claim from your employer a mileage allowance for each business mile travelled. H.M. Revenue & Customs approves certain mileage rates that employees can claim for business travel, and the current rate is 40p per mile. Check the HMRC website for the latest information.

Part way between the company car and a company car allowance is something called Employee Car Ownership. This is where your employer gives you a car allowance, but the company organizes the finance deal and takes care of insurance and running costs. This may also be worth considering if your employer offers such a scheme.

Internet Vs. Travel Agent Which Is The Best Way To Plan Your Holiday

Putting together a last minute trip is a hassle, and if it were not for the internet, would almost be impossible. The internet, though bad on so many levels, is certainly a benefit when it comes to booking last minute holidays and vacations. Imagine all of the long distance phone calls and calls to operators for numbers and all the people you would need to talk to before you could book a decent room and a flight to your destination.

If you are planning to utilize air travel in order to reach your vacation destination, You will have to conduct a telephone call to all airline in order to encounter flight arrangements and the price of flights and what flights were currently available. The same would be true for your boarding accommodation when you eventually reach your destination. If you were traveling to New York City, you would have to in some way acquire the telephone numbers to half a dozen accommodations, view a map to confirm that they were located in the area that you desire to stay and then contact every one of them to obtain rates as well as the accommodation availability.

Working with a travel agent is one way to avoid making all those phone calls, and doing hours of map searches. However, they are often more concerned with how much they will make from your travel arrangement, instead of how much money they can save you. When you book with a travel agent you are never sure if you are getting the best price available, and therefore may end up spending hundreds more then you could have if you did the research on your own.

With the internet right at your very fingertips, all of these hassles and hidden cost can be eliminated. The internet is a quick and simple way to get all the information you require for your travels, and is also the main reason so many travel agents are now listed as unemployed.

Weather you are looking to book a hotel room , arrange for a flight or rent a car, you can do it all on the internet. It is the perfect resource to help you find everything you need for your last minute vacation, and you will be able to search how you want, where you want and with what businesses you want. All your travel arrangements can be made within a few clicks of a mouse. It’s fast, it’s simple, and it’s convenient!