If you are required to have a car for work, there may be a number of options provided to you by your employer. In this video, I have broken down these routes of acquiring a car, and the differences and the benefits of each, to help you make the right, educated choice.

I'll also explain Benefit In Kind, which will likely be right at the core of your decision.

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Chapters:

00:00 Introduction
00:40 Disclaimer
00:55 Why you might need a car for work

01:26 Car Allowance overview
02:09 Personal Leasing overview
02:42 Private purchase: new, or used? Cash, Hire Purchase or P.C.P.?
07:09 Car Allowance disadvantages
08:46 Car Allowance conclusion

08:59 Salary Sacrifice overview
10:05 Explaining Benefit in Kind, with examples
12:12 Salary Sacrifice overview continued
13:33 Salary Sacrifice examples: Business Lease overview; 'dirty' car versus 'clean' car examples
16:01 Salary Sacrifice advantages
16:42 Salary Sacrifice disadvantages & conclusion

17:07 Company Car overview & disadvantages
18:03 Company Car advantages
19:45 Company Car conclusions

20:52 Other factors
21:28 Why have I made this video?
21:44 What have I chosen?
24:10 Thanks - and please subscribe!