Research update – Cash-for-car options rising

Some 70% of employers offer company car drivers a choice between a car and a cash allowance. The average annual car allowance for company bosses is £10,300, while senior managers receive an average of £8,200. For those that choose to take a car, some 40% of organisations allow staff to buy the car at the end of the hire period. For their senior executives, over 80% also pay for all fuel – business and private.