Buying a new car - private, company car or lease hire?

I'm soon to be driving 500 miles a week and I need an estate. I like the Dacia Logan MCV as it's cheap and practical but I suffer from badge envy. So am looking at 308 SW, Kia Cee'd Sportswagen, Ford Focus Estate, Vauxhall Astra Sports tourer. My main concern is cost.

I think lease hire will be prohibitive due to the miles I am doing. So if I buy it will be second hand. I could get through the company, but am unsure of the tax implications. I am a higher rate tax payer (if that has a bearing on things).

So are you able to give me some guidance on whether I should go as a company car and what the costs will be (I'd pay my own petrol) and if I buy myself which is really the best estate to go for?

Asked on 2 November 2016 by fordvge

Answered by Honest John
Don't buy your own car to drive 25,000 miles a year if there is an option of a company car. Assuming there is, then you need to look at the BIK which is based on list price + extras multiplied by a figure that depends on CO2, and upped by 3% if its a diesel. So you will pay for the status of something with more status than a Logan MCV.
Similar questions
I currently own a 2015 Renault Kadjar 1.5 diesel. We bought the car due to its ability to carry large loads, comfort on long journeys and fuel economy. It's been brilliant. I'm now considering changing...
I'm thinking of replacing my Vauxhall Corsa with a used Toyota Prius. I have read all I can find on your excellent website about such imports and the Shaken Test in Japan, but some UK car sales websites...
What petrol car do you suggest for easy OAP access and a comfortable ride?
 

Ask Honest John

Value my car