In article , Mikael
Armstrong writes

Which would mean that companies would just give employees they currently
provide with company cars, allowances to buy private cars with, on a
contract hire arrangement! I'm surprised more don't do it as the company car
tax regime removes most financial advantages anyway.

Mikael

I've had a company car for a number of years (currently got a Saab 9-5
which goes in 6 weeks). The company has reduced the amount of money we
get to spend on our cars to 16K in these austere times and we now have
to make the cars last 3.5 years as opposed to 3.

Despite the tax, the allowance to buy my own car from my employer
provides no incentive whatsoever to dump the company car as it's not
enough to run a moped on, let alone a family saloon like a Vectra.
--
Andrew
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