Hi Guys......I am looking to change my company car in June 2010 from an Octy2 Vrs Tdi Estate, to another Skoda.....perhaps another Octavia, a Yeti or maybe a Superb. Before choosing the model I ave been taking a look at exactly will come out of my monthly wage as Benefit in Kind (BIK) company car taxation.

The details below are for standard cars, with no added options (not even metalic paint!!).

All the cars listed are diesel.

Taxation is at the 40% rate on the full BIK value of the car plus fuel benefit.

Costs are with fuel benfit included.

Monthly, yearly and 3 yearly costs are based on actual money paid out of your wage per month!!

Cost/month Cost/year 3 Year Total

Superb Estate 140 Eleg DSG £363 £4,352 £13,056

Superb Hatch 140 Eleg DSG £352 £4,227 £12,681

Superb Estate 170 Eleg 4x4 Man £343 £4,120 £12,360

Superb Estate 140 SE DSG £341 £4,094 £12,282

Superb Hatch 170 Eleg 4x4 Man £333 £4,004 £12,012

Superb Hatch 140 SE DSG £330 £3,969 £11,907

Superb Estate 170 Eleg DSG £329 £3,934 £11,802

Superb Estate 170 SE 4x4 Man £324 £3,882 £11,646

Superb Hatch 140 S DSG £313 £3,762 £11,286

Superb Hatch 170 SE 4x4 Man £312 £3,750 £11,250

Superb Estate 140 Eleg Man £311 £3,752 £11,256

Superb Estate 170 SE DSG £308 £3,706 £11,118

Superb Hatch 170 Eleg DSG £304 £3,657 £10,971

Superb Estate 170 Eleg Man £304 £3,650 £10,950

Superb Estate 140 SE Man £292 £3,504 £10,512

Superb Hatch 140 Eleg Man £288 £3,464 £10,392

Superb Hatch 170 SE DSG £288 £3,455 £10,365

Yeti 4x4 170 Eleg Man £288 £3,461 £10,383

Superb Estate 170 SE Man £286 £3,432 £10,296

Superb Hatch 170 Eleg Man £282 £3,384 £10,152

Yeti 4x4 140 Eleg Man £282 £3,389 £10,167

Octavia Estate Vrs Man £274 £3,299 £9,897

Superb Hatch 140 SE Man £270 £3,246 £9,738

Yeti 4x4 140 SE Man £267 £3,213 £9,639

Superb Hatch 170 SE Man £264 £3,176 £9,528

Superb Hatch 140 S Man £256 £3,071 £9,213

Octavia Hatch Vrs Man £256 £3,075 £9,225

Octavia Estate Eleg Man £241 £2,888 £8,664

Octavia Hatch Eleg Man £234 £2,816 £8,448

Octavia Estate SE Man £233 £2,802 £8,406

Octavia Hatch SE Man £227 £2,730 £8,190

From the above there are a few things that leap out to me.

Firstly, the emissions of the car have the biggest effect on the BIK paid and the 140 engine with DSG shows this at it's worst the case scenario. Hence, sometimes a higher spec and higher value model may actually be cheaper to run for a company car owner. It also makes me ask the question...am I willing to pay an extra £50,£60,£70..per month....£2K, £3K over 3 years for a particular car???

Or looking at it in the opposite direction....I could save £2K, £3K over 3 years, to live with a slightly lesser model!!.........Food for thought and I hope the above helps others!

Regards,

Grobster

Why on earth would you take the fuel benefit option?

Pay your own fuel, and the figures will get much better.

Why on earth would you take the fuel benefit option?

Pay your own fuel, and the figures will get much better.

It all depends how many private miles you do in the car! Personally I do about 17,000 private miles per year. Just simply crunching the numbers into the calculator, 17,000 div by 44mpg = 386 gallons of diesel, call it £5 a gallon, hence giving £1930/ year or £160/ month of diesel.

Using such as a Superb Elegence 170 Manual as an example.

BIK including fuel per month is £264.67

BIK without fuel is £146.37

Difference is £118.30.......£160 - £118 = £42 hence by taking the fuel benefit I am roughly £40 a month better off!!! or a total of £1440 better off over the 3 years that I will have the car.

Break even occurs at about 12,500 of private miles/year.

It all depends how many private miles you do in the car! Personally I do about 17,000 private miles per year. Just simply crunching the numbers into the calculator, 17,000 div by 44mpg = 386 gallons of diesel, call it £5 a gallon, hence giving £1930/ year or £160/ month of diesel.

Using such as a Superb Elegence 170 Manual as an example.

BIK including fuel per month is £264.67

BIK without fuel is £146.37

Difference is £118.30.......£160 - £118 = £42 hence by taking the fuel benefit I am roughly £40 a month better off!!! or a total of £1440 better off over the 3 years that I will have the car.

Break even occurs at about 12,500 of private miles/year.

Totally agree on this, and the numbers also show why taking the Superb 170 was better than taking the 140.

My private mileage is significantly higher than my business mileage, I expect to do around 20K miles/year