Hi all

Thank you for your help so far however some recent news has led to some more head scratching.

My wife recently started a new job and has just revealed to me that as a company perk she will receive £2500 per annum for a car as long as the car is no more than 4 years old. The idea being it would seem that employees get a new car, use the company perk to finance it for 4 years before trading in for another new model and repeat the cycle. So far so good.

So we are thinking we'll we could take a new car on finance, sell the second hand one (purchased just over 5 months ago allready second hand) and let her company pay for it all.

given it'ts the wifes perk she gets the big say on the car (which is fair!) and the contender is a mini.

Peversly though it'll be me that drives since she simply walks to work whilst I now do an average of 35,000 miles a year thanks to my new job (hence the purchase of a car back in March that was much more fuel efficient, 2010 Seat Ibiza Ecomotive, i've now done 10k allready. We have no finance, it was bough outright).

So i;ve been having a look about and the main issue I'm seeing is mileage, most finance offers seem to only go up to 10k per annum before sticking you with a charge per mile after. This charge would effectively wipe out the company allowance.

So i'm basically asking you all what would potentially be the best course of action. right now I've shifted away from the idea of buying a new car and simply using her allowance to pay for the Ibizas insurance for the next couple of years and then re work things out. However the Ibiza would then have a lttle over 100k miles on the clock and it's trade in value would be negligable so we would have the problem again of excess mileage on the next car if we took out finance.

alternatively I would hazard to say that best alternatve woul dbe to get a loan from the bank for a new car, use the car grant to pay it off over 4 years (or as much as possible) and buy the new car outright thereby avoiding the excess mileage charge completely. The only issue here is will the bank lend to us, given that they are being nice and stingy for everbody!

Apologies for length but I'm trying to navigate to the best possible solution and a fresh set of eyes and thoughts would be appreciated.