Company cars can be a great perk of a job. They can save you money, and they allow you to benefit from a brand-new car without having to pay for it. The only difficulty you’ll have is choosing the best company car for you.
There are a lot of things to consider when determining which car you should opt for. So, to help, below you’ll discover some of the main things to factor in when selecting your next company car.
One of the main things you’ll want to consider when selecting your company car, is its emissions. Although you don’t have to pay towards the purchase of the vehicle, you will be expected to cover the cost of running it. The government also places a higher tax on vehicles which run with high emissions.
So, the less eco-friendly the car is, the more it’s going to cost to run. Compare the different options available and choose a model with the lowest emissions possible if budget is a concern.
Are you willing to pay a little more?
You’ll generally have a number of options of which car to choose. However, different types of company cars come with a different level of cost. For example, if you’re looking for something a little more high-end and sporty from a company such as Peter Vardy, it’s going to cost more than a simpler, basic model.
Your employer may want you to contribute a sum of money to get a sportier model. So, always factor this in before choosing the top of the range company cars on offer.
Choose a car that will match both your career as well as your lifestyle
Although the car will largely be used to get you to and from work, you’ll want to make sure you’re choosing a model that reflects both your career and your lifestyle. Most people use their company car for personal use too. So, if you have a family for example, you’ll want to make sure it has plenty of interior space, along with advanced safety features where possible.
Choosing the right company car isn’t a decision that should be rushed into. The above are just some of the factors to consider when choosing the right model for you. Unless you take the time to really consider your options and what you need from the car, you could end up wasting a lot more money than you need to.