Ive read of people running classics as their company cars – why do they bother?
This isn’t something I’ve done, but my understanding is that you pay company car tax based on the cars price, when new. So Vectra man or Mondeo man will pay company car tax based on the 20 grand or so that his sensational repmobile cost (his company) to buy. However, if you buy a classic (upto 25k in value if I recall correctly) you are still only taxed on its as-new price, so the theory is that you can run a tasty Mk2 Jag or ’59 Cadillac based on its price back when sideburns were long and skirts were short (not on the same person I hasten to add – usually!). And then there’s the other benefit of zero rate road tax to remember, although before zooming off to find the nearest ’59 Cad you can find, its worth remembering that otherrunning costs (eg fuel) may be a lot higher for a classic ride, and reliability almost certainly won’t be upto more modern car standards. But, if you don’t rely on your car too heavily, running a vintage motor as a company car could make a lot of sense, especia
