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

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