Hi,
I've got a test drive at Tesla in a couple of weeks. The cars are way over my budget however with many incentives as a company car the price comes right down (e.g. 100% tax right off in first year. Saves me 20% that would have been paid in Corporation Tax anyway).
The main concern I have is with insurance.
I have 9+ years no claims bonus.
I believe that if the car is in my companies name, then the insurance also needs to be.
I'm worried that I'll have to start a new policy and lose my NCB.
Are there any company car insurance companies that will transfer the personal NCB?
Also, does anyone have any experience with this switch, what kind of difference is there between company and private insurance?
Thanks
I've got a test drive at Tesla in a couple of weeks. The cars are way over my budget however with many incentives as a company car the price comes right down (e.g. 100% tax right off in first year. Saves me 20% that would have been paid in Corporation Tax anyway).
The main concern I have is with insurance.
I have 9+ years no claims bonus.
I believe that if the car is in my companies name, then the insurance also needs to be.
I'm worried that I'll have to start a new policy and lose my NCB.
Are there any company car insurance companies that will transfer the personal NCB?
Also, does anyone have any experience with this switch, what kind of difference is there between company and private insurance?
Thanks