A company car is a common accessory for executives, senior managers and specialised staff. Many employees regard a company car as a perk, although there are fewer tax advantages to running a company car these days, so it doesn’t always pay to have one.
Company cars are usually provided on a lease arrangement from VW Edinburgh or similar. The company pays the lease and running costs; all you have to do is put fuel in the vehicle and make sure it is looked after. At the end of an agreed term – typically two or three years – the vehicle is returned and replaced with a new one. It’s a low stress way of owning a nice, reliable vehicle, which you can use for work and pleasure. Aside from the tax disadvantages, what’s not to like?Continue reading