Company Cars are taxed according to their original list price when new, and the CO2 emissions level. This means if yours is getting a bit long in the tooth it might not be tax efficient. It is possible that transferring the car ownership out of the Company and into your own name could solve this.
There are other factors to take into consideration besides the current value of the car versus the BINK value, such as the ongoing running costs, and ont forgetting a possible mileage charge.
Get in touch and we can crunch the numbers, tax is payable on the car’s value when transferred, but when you sell it the proceeds will be tax free. Your Company can pay tax-free mileage to help with the running costs.