If you are required to have a car for work, there may be a number of options provided to you by your employer. In this video, I have broken down these routes of acquiring a car, and the differences and the benefits of each, to help you make the right, educated choice.
I'll also explain Benefit In Kind, which will likely be right at the core of your decision.
Spoiler alert: If you didn't love the idea of moving over to an electric vehicle before, you just might after this!
If you are interested in a Tesla of your own, please use my referral link and get awards like 3 months of Enhanced Autopilot. [ Ссылка ]
Octopus only uses energy from green sources and could save you a fortune, especially when charging an electric car at home.
If you want to learn more about moving to Octopus and potentially reducing your electricity costs, please use the following link to receive a £50 credit on your first bill: [ Ссылка ]
Chapters:
00:00 Introduction
00:40 Disclaimer
00:55 Why you might need a car for work
01:26 Car Allowance overview
02:09 Personal Leasing overview
02:42 Private purchase: new, or used? Cash, Hire Purchase or P.C.P.?
07:09 Car Allowance disadvantages
08:46 Car Allowance conclusion
08:59 Salary Sacrifice overview
10:05 Explaining Benefit in Kind, with examples
12:12 Salary Sacrifice overview continued
13:33 Salary Sacrifice examples: Business Lease overview; 'dirty' car versus 'clean' car examples
16:01 Salary Sacrifice advantages
16:42 Salary Sacrifice disadvantages & conclusion
17:07 Company Car overview & disadvantages
18:03 Company Car advantages
19:45 Company Car conclusions
20:52 Other factors
21:28 Why have I made this video?
21:44 What have I chosen?
24:10 Thanks - and please subscribe!
