From: "Andy@nospam.co.uk" 
Newsgroups: uk.finance
Subject: Re: Car Purchase through Company
Date: Thu, 23 Oct 2003 10:36:41 +0200

"John Allan"  wrote:

>I am one of the Directors of a company, and I wish to buy a new car (not
>brand new). Would I save any money by buying the car via the company, or is
>this now pointless due to company car tax changes? I was reading about
>contract hire ? I am in 22% tax band.
>

As others have said it depends on your individual circumstances. My
accountant worked it out and told me to use the mileage allowance instead
which has worked out very nicely for me (I only really do business mileage)

Others have told me that contract hire is good but overall I have been told
that if you are not that fussy about having a brand new vehicle the best
way is to buy something cheap than use the mileage allowance.

Andy