Maths not my strong point but you're clearing around £480 a month with tax refunds, car and fuel allowances. Not enough to buy on finance an A4 or 3 series unless you get £10k+ trade in on your car.

If you want that type of car then do it on a company car scheme. A 320d efficicient dynamics is £125 a month BIK. Sell your car, use the cash to buy some News International shares. No brainer.

You won't get your tax refund when you switch to a company car but you should be able to claim 15p a mile from your employer for fuel (any more and the difference is taxable) and if you potter along n the inside lane in a 320d at 50+mpg you'll make a couple of pence a mile profit.

Yeah because Blair and Brown made the head of music thick didnt they? Sometimes depends on accents too, in certain places they use different words. To say "lend a music stand" when you mean borrow sounds very Essex-like to me. The same as some places up north which have never used correct grammar, but its been that way since long before Mr Blair came along. Theres many legitimate things to blame Tony Blair for without inventing false ones.

I would think that speaking to an accountant would be the thing to do. Surely [prefereable to spreading really quite personal information internationally on the web.

Earning a little less than yourself (but with some BTL property issues) even I have an accountant. I've found their services invaluable.

Hello Sequin123, at 23K miles per annum you can claim £7750 in mileage. Also your tax code would be 747. It is a no brainer. Keep out of the company scheme. If you have paid for the car, keep it a further couple of years to build up some cash. You can average £645 per month in mileage and all you need do is service once a year, put in the diesel and possibly replace a couple of tyres. Factor in tax and insurance and if you have a decent motor it should not cost you more then £320 per month. You do not need to be a genius to work out you are over £300 per month better off. Stick that into a regular savings account with the best rate of interest you can find and watch it grow. I opted out as soon as I could. My car is now 6 and has 128K and goes like a dream. The garage tell me it should do starship mileage if I look after it. It was paid for years ago and is now a cash cow. Also my income tax is less beacuse of I enjoy the full tax code. When the car gives up, then I start all over again. Think about it. Good luck. Concrete