Indication of car allowance amount (instead of company car)

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Louisval

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I'm trying to get a sense of what car allowances are typical in lieu of an employer providing a fully expensed company car.

I'm looking to understand market practice for cars valued €40k, €50k, €60k and €70k (on the presumption that the allowance increases in line with the car's value, etc.)

Any insights much appreciated!
 
A car allowance in your salary package is no different to any other salary and is taxed the same.
You can claim expenses up to revenue limits for using your car for business travel.
Or do you mean purchasing your car through a company you own?
 
You need to work out the annual value of the car to you including the purchase cost and running cost based on your mileage. Should be straightforward enough
 
What I looking to understand is what companies are typically offering employees as a car allowance in place of offering a fully expensed company car. As mentioned, I expect that the car allowance will be higher as the price of the car, that would otherwise be provided, increases.
 
I'm assuming your company wants to eliminate the car and and replace with allowance . And you need to consider the offer ? I had a company car previously for many years ( no business mileage so full bik) but it was invaluable to me as a big mileage guy.
 
I looked into this years ago in the noughties when I was making the change from company car to car allowance and or milage expenses
If I remember correctly our accountants at the time did away with company cars in favour of a car allowance
They would have had cars in and around the €40k bracket back then and got a yearly allowance of €10k to cover all costs
But each company is different and will come at it from different angles and calculations
Like how long between changing cars, what to do about the residual value in the car at change over
And what the annual milage and running costs were going to be for the employees and if you can still claim those expenses
 
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