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Conference terri::cars_uk

Title:Cars in the UK
Notice:Please read new conference charter 1.70
Moderator:COMICS::SHELLEYELD
Created:Sun Mar 06 1994
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:2584
Total number of notes:63384

1180.0. "Query on car supplement." by COMICS::SHELLEYR (Can hearses under-take ?) Thu Aug 02 1990 17:57

Hi,

I don't know if this is discussed elsewhere in another note, but can anyone
clarify the company policy on company car allowance please.

For example in February I noticed the allowance went up to 3421 for supplement
holders. Now I see its gone up by 160 pounds to 3588.

i.e. currently in VTX - FORD ESCORT RS TURBO   4416/995    (3421)
			FORD ESCORT RS TURBO   4342/754    (3588)

Does this mean that the company reviews the allowance every 6 months in
February and August ? Or does it just review it every now and then to keep up
with the constantly increasing leasing costs ?

It seems that if you time it right and submit a quote just as the allowance
goes up, you can get a very good deal.

Look forward to your comments.

Roy
T.RTitleUserPersonal
Name
DateLines
1180.1about as often as they review the mileage allowanceOVAL::ALFORDJIce a specialityFri Aug 03 1990 09:004
    
    They review it once in a blue moon !
    
    ;-)
1180.2fairly regularlyHAMPS::JORDANChris Jordan, London Technology Group, UKFri Aug 03 1990 10:2913
.1�    They review it once in a blue moon !
    Which happens to occur every three months!!
    
    The allowance for people on less than level 8 who are authorised
    for a company car (whatever the correct words are) get a basic Vauxhall
    Cavalier 1.6 L or Sierra 1.6 L as the base car. This base car price
    gets reviewed every 3 months. All quotes are then based on a price
    above this base car.
    
    What happens once in a "pink" moon is the company decide that the
    level 8 and above supplements need adjusting, because the level
    8 allowance that used to buy a Cavalier CD 2.0 (e.g.) can now only
    stretch to a 2.0 GL....
1180.3They do frequently revise themUKCSSE::RDAVIESLive long and prosperFri Aug 03 1990 10:4222
    I seem to remember that they revise the base car contribution every 3
    months, but only review the value paid out to those that take-the-money
    annually. 
    
    The amount just went up in July, the 'base car' value is now �3000 +vat
    (�3450). Although currently most new quotes on the scheme still seem to
    be based on the old value. The second value you show seems to be an
    anomalie, the differntial is higher than that quoted on the memo
    announcing the supplement increase.
    
    It would be interesting to see what car fleet say about this.
    
    I am actually in the situation to which you refer; When I ordered my
    car, the quote had just come through with the previous supplement (
    4480/1059, diff= 3421; - vat = 2974) I don't know whether the new
    differntial or the old one will be applied when I take delivery. ( My
    reasoning is that what I accepted was the quote from the lease company,
    which is the higher of the two figures, the differntial is worked out
    internally)
    
    Richard
    
1180.4Contact car fleetCOMICS::SHELLEYRCan hearses under-take ?Fri Aug 03 1990 11:4712
Richard,			Re: .3

A collegue here was in a similar situation in February. He put a quote in for a
Golf GTI and between ordering the car and when it was delivered the allowance
went up. As the car had not been delivered yet he contacted car fleet and
personnel to arrange to get the ajustment made to the amount he had to pay as
the difference was about 100 pounds. I don't know if this adjustment would have
been made automatically, but its certainly worth chasing up !

Thanks for your comments.

Roy
1180.5some things do workPEKING::SIMMONSHTue Aug 14 1990 17:4917
    
    The car allowance DOES get reviewed every 3 months to take into
    account any manufacturers price increases/interest rates, etc.
    Obviously if there has been nothing happening in the market
    place then the allowance remains the same.
    
    The Level 8 and above supplement is a completely separate issue
    and is I believe reviewed annually. 
    
    Any new cars delivered on or after the effective date of
    1st August will be subject to the new allowance and each driver
    price will be AUTOMATICALLY adjusted to reflect the new rate.
    
    
    Hilary
    Car Fleet
    
1180.6Do I get a refund!HAMPS::JORDANChris Jordan, London Technology Group, UKTue Aug 14 1990 18:3111
.5�    1st August will be subject to the new allowance and each driver
.5�    price will be AUTOMATICALLY adjusted to reflect the new rate.

    Does that mean that I will be charged more (or preferably less!)
    than I agreed on my quote??
    
    (Quote / ordered in early July, delivery in October).
    
    I notice the latest quotes for an equivalent car to the one I ordered
    are coming out about �50 cheaper - can I get a re-quote AND STILL 
    KEEP THE OCTOBER DELIVERY ??
1180.7increase in december?HAMPS::MADELEY_TWed Aug 15 1990 12:516
    Anyone know if there was an increase in the car allowance around
    December last year - if so by how much?
    
    Cheers,
    
    Spike.
1180.8Just 2 quotes ?COMICS::SHELLEYRCan hearses under-take ?Thu Aug 16 1990 19:199
    Another thing I'd like clarification on is the number of quotes you are
    allowed before ordering a car on the scheme.
    
    I understand that you can have 2 quotes. Does this mean 2 quotes
    period, or once the quotes have expired and you still haven't ordered
    you can submit further quotes ?
    
    
    Thanks, Roy
1180.9Please look FIRST....VOGON::MORGANThe King of Wishful ThinkingThu Aug 16 1990 22:489
    All you ever wanted to know about the Digital lease scheme can be found
    by reading the following notes
    
    170, 331, 510,694, 802 and 1009.
    
    I've write locked tihs note
    
    Rich