My A4 Avant Quattro is a company car and has approx 18 months left to run until I am eligible for a new car.
I pay approx £5k per year in company car tax (!) at 40% which is a ridiculous amount of money.
I am considering my options for a new car, be it taking the cash and buying my own car, or doing some kind of lease with probably 20k miles per year.
If I took the cash I would get £490 per month but then obv be taxed on it.
I'm so confused and the problem is I like a new car so not sure what to do.
I pay approx £5k per year in company car tax (!) at 40% which is a ridiculous amount of money.
I am considering my options for a new car, be it taking the cash and buying my own car, or doing some kind of lease with probably 20k miles per year.
If I took the cash I would get £490 per month but then obv be taxed on it.
I'm so confused and the problem is I like a new car so not sure what to do.