Classic Rock Posted February 18, 2011 Author Share Posted February 18, 2011 That's good thinking, I could insure my husband's car if your ncb does last for two years. Link to comment Share on other sites More sharing options...
Treatment Posted February 18, 2011 Share Posted February 18, 2011 I think your NCB is valid for two years..some ins. cos will accept a company secs. letter stating that you haven't made a claim via the company's insurance whilst you've been driving a comapny car..I have a company car..my wife and I alternate the policy holder on her car so that keeps my NCB up to date..I don't think I could buy and run my company car for the amount of tax it costs me every month..although next year I'm looking to reduce this by having a smaller and cheaper company car.. That is true. As a Company Secretary I used to write many letters for staff to get a No Claims Discount when switching to their own cars. The only Company who would not accept it, nor allow the NCB was Churchill. Link to comment Share on other sites More sharing options...
Treatment Posted February 18, 2011 Share Posted February 18, 2011 That is true. As a Company Secretary I used to write many letters for staff to get a No Claims Discount when switching to their own cars. The only Company who would not accept it, nor allow the NCB was Churchill. . . . but of course being a part of The Royal Bank of Scotland plc they are above the law. Link to comment Share on other sites More sharing options...
willman Posted February 18, 2011 Share Posted February 18, 2011 I drive a company car - tax is phenomonal and i pay private fuel. However i don;t have to shop around for parts,tax etc i just get it done and i get a new car every 3 years. Previously i owned a car and claimed a fuel allowance and £100 a month, when the engine blew i had accrued sufficient money above the fuel for the repair but the £100 was insufficient for a hire car and the car payment. Try Albion contracts in Sheffield for car leasing - excellent service and good prices on leasing. You could lease/purchase where you own the car after a final payment. Link to comment Share on other sites More sharing options...
Classic Rock Posted February 18, 2011 Author Share Posted February 18, 2011 Do you have to insure it if you lease it? Link to comment Share on other sites More sharing options...
willman Posted February 18, 2011 Share Posted February 18, 2011 Do you have to insure it if you lease it? Yes you do - you are obviously insuring your current car for business use anyway i would assume. Link to comment Share on other sites More sharing options...
Classic Rock Posted February 18, 2011 Author Share Posted February 18, 2011 Yes I am, so that expense would have to come out of the monthly allowance. What else would come out of the allowance? Car tax? Breakdown cover? I expect they aren't covered under a lease agreement? I suppose the pro side of leasing a car is that I'll not be stung for personal tax in the way I will for having a company car, but having to pay for things like insurance kind of negates that. Link to comment Share on other sites More sharing options...
willman Posted February 18, 2011 Share Posted February 18, 2011 Tax is included in the lease price as is annual servicing,parts.tyres,exhausts,windscreen etc. I insured my personal car via Swiftvoer,got business cover free(it was added after i'd instigated my policy) and got Green Flag added for about £2 a month. Not many months back you could lease Jaguar for £199 - even i'd be willing to pay breakdown cover if i got a Jag as opposed to an Astra.lol Link to comment Share on other sites More sharing options...
Treatment Posted February 18, 2011 Share Posted February 18, 2011 The situation is also affected by your tax status, i.e. are you a higher rate tax payer ? Link to comment Share on other sites More sharing options...
Baz1 Posted February 18, 2011 Share Posted February 18, 2011 I'm in a position where through my day job I am being offered the choice of a company car or a car allowance. This site may help you make a decision. I have usually gone for company cars simply due to the overall benefit (mileage/costs etc). But I guess you got to look at your personal circumstances. Link to comment Share on other sites More sharing options...
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