Company car cost modelling
We will undertake a holistic whole life cost model of a snapshot of your current company car provisioning. Real life costs of acquisition/leasing, maintenance, insurance, fuel etc. will be considered along with the tax, VAT & Class 1A NIC costs. From here, recommendations will be made which in some cases have been found on average could save up to £1,000 per car per year.
These recommendations can include: –
- ascertaining the true value for the cash alternative taking into account business mileage reimbursements,
- replacing the fuel card with a business mileage reimbursement
- changing your car fleet to be more green, and thus enjoy the significant tax breaks currently on offer
- replacing your company car scheme with an Employee Car Ownership Scheme.
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