Chris Muriel
Distinguished Member
I am changing my role within the company I work for and will no longer have a company car.
For the last 9 years we have had company cars on a leasing deal with PHH , the car being changed every 3 years.
I have grown to quite like having a new car every 3 years.
Now I will have to get my own car (although I will claim business mileage allowance on the reduced amount of business trips that I'll be making).
This does mean that I will no longer be hit by the Inland Revenue with company car tax
I am now trying to evaluate whether to buy a new (or possibly nearly new) vehicle or to go for a private leasing arrangement ( probably 3-5 year period with servicing included).
I know that some car manufacturers also have some schemes that are similar to private leasing , e.g. Nissan Preferences which after 3 years give you a choice of a guaranteed trade in value, paying a fixed fee to own the car or getting another new Nissan for the following 3 years.
1) Does anyone know which other manufacturers have similar schemes ?
2) Has anyone got any specific hints or thoughts on choosing or comparing different leasing companiesd and deals ?
3) Any other advice also appreciated.
My current company car is a Mercedes C220 diesel AMG coupe (previous was a Lexus IS200) but I may well move down to something like an Avensis or a Citroen C5 (still needs to be family or executive grade/size).
I suppose the best deal of all might be a new car with 0% finance - which I can recall seeing from time to time in adverts in the papers.
Chris Muriel, Manchester.
For the last 9 years we have had company cars on a leasing deal with PHH , the car being changed every 3 years.
I have grown to quite like having a new car every 3 years.
Now I will have to get my own car (although I will claim business mileage allowance on the reduced amount of business trips that I'll be making).
This does mean that I will no longer be hit by the Inland Revenue with company car tax
I am now trying to evaluate whether to buy a new (or possibly nearly new) vehicle or to go for a private leasing arrangement ( probably 3-5 year period with servicing included).
I know that some car manufacturers also have some schemes that are similar to private leasing , e.g. Nissan Preferences which after 3 years give you a choice of a guaranteed trade in value, paying a fixed fee to own the car or getting another new Nissan for the following 3 years.
1) Does anyone know which other manufacturers have similar schemes ?
2) Has anyone got any specific hints or thoughts on choosing or comparing different leasing companiesd and deals ?
3) Any other advice also appreciated.
My current company car is a Mercedes C220 diesel AMG coupe (previous was a Lexus IS200) but I may well move down to something like an Avensis or a Citroen C5 (still needs to be family or executive grade/size).
I suppose the best deal of all might be a new car with 0% finance - which I can recall seeing from time to time in adverts in the papers.
Chris Muriel, Manchester.