Whether a company car or car allowance is right for you is a personal decision.
Ultimately, a company car is less stressful. But a car allowance offers greater flexibility. So, do the sums and decide which you value more.
Of course, time is money. So, if you think the company car will save you more time, even if it costs you more money, fine. Just remember to do something productive that generates income with that time saved. Otherwise, it’s a false economy.
If you still have questions, please come join our supportive UK Personal Finance club on Facebook. You will find other like-minded individuals. It’s a safe, private community where you can ask questions and learn more about making the most of your money. Best of all, it’s free! We’d love to see you there.
Here’s to your Financial Fitness