Soz to hijack. I have recently been promoted and what not and work and get £290 (-tax 
) a month for a car or get a company car. I've deciede to opt out of company car and have my own motor as I think its by far the better deal. I've just seen that your paying £230 for this. Do VW do a "lease" deal. Could I walk into a dealer and talk to them about this or is through a 3rd party? Dont be getting me excited about a MK5 lol (I was meant to be looking at either 1.8T or a BMW and now the MK5 is on the cards lol)
Mate don't do it!!! Take the company car.
£290 x 12 = £3500 per annum. You'll get taxed and NI'd on it meaning 30% of its gone = £2450 = £200 a month.
You have to purchase a car, insure it, tax it, service it, maintain it, put tyres on it etc etc.
I am a car nut, but if my company offered to swap my £5.5K car allowance for any decent company car I'd take it.
The last time I had a company car an entire street I'd been parked on had their rear windows smashed by people looking for valuables in the boot, it was so refreshing not having to make insurance claims or worry about the cost of repair.
Sorry if that sounds a bit negative, but most companies scrap the company car scheme for a reason - It costs more to lease and run the car than it does to give staff a car allowance. The only real way to make it work is to buy a £2-3K car so you dont suffer much from depreciation and get it serviced at independent garages but from what you say I guess thats not what your after.
