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BIK on a new car vs second hand car

  • 03-11-2009 11:09pm
    #1
    Wavey
    Registered Users, Registered Users 2 Posts: 861 ✭✭✭


    Evening all,

    At present my company gives us a new car every 4 years and we pay BIK on the book value of that car for the 4 years. The cars are provided through a lease company.

    If I could get the lease company to provide me with a 1 or 2 year old car from an approved dealer, would I pay BIK on the book value of this car or the value that the lease company paid?

    Obviously I am trying to get more car for my Euro.

    Thanks,

    Wavey.


Comments

  • #2
    Snowdrop
    Closed Accounts Posts: 148 ✭✭Snowdrop


    Won't make a difference as unfortunately BIK is based on OMV(original market value) and not the second hand value.


  • #3
    SparkyLarks
    Registered Users, Registered Users 2 Posts: 363 ✭✭SparkyLarks


    if you get a vintage car it works out very well


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