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There is also a new (?) scheme called Salary Sacrifice which I think makes purchasing the car more beneficial for your company.

At present, the 'cash for car' you get, will be taxed at your normal rate.
By using SS the money is taken from you salary before you are taxed, thereby you appear to have a lower salary.
This means your company pays less NI and Tax. They save money, and hopefully will use part of the saving to give you more 'cash for car' than they would have done originally. You win, they win.

Doesnt happy very often, does it? This type of scheme is used by many companies to help boost pension payments, but is relatively new for buying company cars.

You and your employer would need to get some expert advise on this, but it is another option you might want to look into.

Good luck
Dan
 
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