Company car through salary conversion (correct calculation)?
Heyho, a potential employer is tempting you with “company leasing through salary conversion.”
I looked around in this regard and used a leasing calculator, with the result that I
43,000€ list price electric car
at a distance of 5 km from the employer
with the "1% rule" (0.25% because electric…)
would only lose 55€ net income, which is practically a gift.
The vehicle costs €300 net per month for commercial leasing, which will probably be deducted from my gross monthly salary…?
Because my gross salary is €300 lower, I save a total of €140 in taxes and social security contributions, meaning I have €160 less net.
I now calculate 160+55 = 215€
According to my calculations, I would be able to drive a carefree electric car worth €43,000 for a total of €215 less net.
Is that true/realistic?
Thank you!
(2 votes)
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Purely from a numerical perspective, that's correct. And yes, the amount would be immediately deducted from the gross salary.
So if you can't find a better leasing offer now, which I don't think will happen, it is or would be something you could consider.
Thank you!
Yes, 215 is really great. If I were to lease it privately, I'd pay €345 just for the lease payment, plus insurance, taxes, and electricity.
I currently pay at least €150 for my used car (including gas, insurance, taxes, and service). So, all in all, it's definitely an attractive option!
That's exactly how I see it. What kind of vehicle were you thinking of?
I just calculated that with a Model Y Long Range (list price €57,668 and installment €408 net) I would get €290 less net per month, which would of course be a much better deal.
Not very specific yet, but I've used a Hyundai Ionic 6 as a baseline. I'm open to ideas, though 😀
Before that happens, I'll take a closer look at what's available up to €300 all in. For more flexibility regarding vacations, a hybrid option (with 0.5%) would also be conceivable, but I'll take my time and see what's available…