Honda has launched a 'cash or company car' calculator which will be available on its website or in dealerships. The calculator aims to give drivers a clear indication whether they would be better or worse off by funding their own car under the forthcoming benefit-in-kind tax rules.
The calculator takes into account current tax position and the upcoming changes before offering possible funding options, including personal contract purchase, insurance and maintenance. Honda models to suit specific lifestyles are presented by category.
Software for the calculator was provided by web consultancy Netro42 which is now talking to other carmakers about providing the service. The tax information has been accredited by PriceWaterhouseCoopers.
Tony Orsi, Netro42 managing director, said: "The tax aspect is a complex matter for accountants, let alone car dealers. They desperately need a tool like this to provide a complete service to their customers."