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COMPANY CAR SCHEME VS CAR ALLOWANCE

Comparison summary available on completion
Company car scheme vs. car allowance
Name
Vehicle make and model
Engine capacity (e.g. 1800)
cc
Purchase price (incl. VAT)
incl. the cost of accessories
Deposit / trade-in
Balloon payment %
i
Payment period (in months)
Interest rate
(Current Prime rate: 9.00%)
Estimated total kms p.a.
km per annum
Estimated business kms to
be claimed
i
km per annum
Does the vehicle have a
motorplan included as part
of the purchase price?
Travel allowance received
p.m.
Reimburse allowance, if any
p.m.
View comparison summary
View detailed tax summary
Maximum Balloon Payments
Months
 
% of vehicle list price
12
45%
24
40%
36
35%
48
30%
60
25%
72
15%
Please note that SARS requires all claims to be supported by a log book recording business usage.
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