Q. What is it?
A. If you have the option to take a car via your company as part of your job, your company may be prescriptive over the choice of vehicles but they will cover the cost of the rental (subject to any trade up / trade down policy) and you will get a fully expensed vehicle which is changed on a 3/4 year cycle with everything taken care of. You will be liable for paying Tax on the BIK.
Q. Will I pay Company Car BIK?
Q. Is there a Credit Check?
Q. What services are included?
A. All included - including finance, maintenance, insurance and even a replacement car if something goes wrong at no additional cost to the driver
Q. What if I leave my employer?
A. You hand the car back. No charges are incurred by you.
Q. Do I have to pay a deposit?
A. No deposit - subject to company policy
Q. Who pays for any excess mileage charges
A. Company liable
Q. Do you do high mileage?
A. Covered by your company
Q. What happens to the cost of any damage when the vehicle is returned?
A. Company liable - although this may be recharged to the drivers depending on policy