car provided vs car allowance
lately i got an offer with an option of below,
1, 3k of transportation allowance
2, car provided by company, no allowance
can somebody advise me that which option is better? what is the rental of middle range or low range car? how is the price structure of new, 2nd hand car if were to buy a car in qatar?
thanks.
Take your allowance..Its more than enough
hi, jackmohan, flanostu, mandilulur, thanks for your analysis & advice. good day.
take the 3000 and pocket all by walking to your office.
if you cannot take it, leave it !!
Depends upon how long do you plan to stay here?
Own vehicle:
Honda Civic is around QR 1,500(installment for 5yrs) + 300 Insurance + QR200 Petrol& Servicing charge = QR 2,000 per month.
For a 4 wheel drive vehicle the installment would be around QR 2,000 and petrol cost would be approx 3 times 600 = 2,600.
Downside: you will be with out a car in case of any accident & its repair.
Rent a car:
All is above QR 2,000. Tida is QR 2,100pm. 4Wheel drive would be over QR 3,000.In case of Accident you get a different vehicle.Add only petrol cost.
Downside:In case of Accident you have to pay around QR 1,000 to 1,500.
Company Vehicle:
Add only Petrol Cost. Most probable they are renting it from some Rent-A-Car (check if they are?)so no problem in case of Accident you get a different vehicle.
Downside:In case of Accident you have to pay around QR 1,000 to 1,500.
So if you plan to stay here less than 5yrs dont buy a car use company car.
you could rent a car or hire a driver for around QAR2K per month.
If you take the "car provided" option you won't have to worry about insurance, registration, inspection, etc. Might be worth the peace of mind.
Mandi