Cash or Car?   

Before We Start ...

If you're thinking of taking a cash allowance instead of a company car then our PaySwaptm cash or car calculator will work out which one is right for you.

If this is the first time you've used PaySwaptm then take a few seconds to read the guide below - it will help you get to the right answer - and check out our driver's guide to cash allowances.

Even if you're a veteran of PaySwaptm then it may still help you to read it again anyway.

Think of it as our pre-flight safety briefing, but without the dummy oxygen mask and Day-GloTM life-jacket.

    Getting Started   

Getting Started

Your Profile

To begin you'll need to set up some personal information about yourself, such your income tax and National Insurance rates and your annual business mileage.

We'll also need details about the cash allowance and any mileage payments you have been offered by your employer, but don't worry if you don't yet know your cash allowance- we can work out how much you need.

If there's any information you're not sure about then just use the example data we provide - you can always go back and change the details at any time.

We won't keep any personal data you provide. Once you leave our site and close the browser window the data will be erased from our servers, but remember that your web browser may keep browsing data for a period of time and this is beyond our control.

If you leave your computer, tablet or phone for a while when using PaySwaptm we'll wipe the data as well to help prevent someone else from seeing it (but please don't rely on that - just close your browser window and come back to us later).

Your Company Car

Next we'll ask you about the car - if you already have a company car then you should select the current equivalent model or your standard entitlement in your company car policy.

This bit is important - it will provide a benchmark for calculating whether to take a company car or cash. Once you've set the benchmark you can always go back to it later and see the cost and tax impact of choosing a different car with your cash allowance.

If you haven't previously had a company car then you should still think about a benchmark model.

This is because the net value to you of the cash allowance will depend on how much tax you are saving compared to having a company car. If you don't know how much tax you're saving, it's hard to make the PaySwaptm comparison accurate and to save you money overall.


Once your car is selected we'll ask you about finance. You can select the replacement period for your car (up to 5 years) and your annual/total mileage and we'll match the finance to your selections.

If your employer will administer or manage the arrangements for the car or finance (or introduce you to the suppliers for either of them) then it's important to select a Personal Contract Purchase type of finance package.

This is for complex tax reasons you can read about here and it's why we make Personal Contract Purchase the default setting for PaySwaptm.

If you will simply get a cash allowance and make all your own arrangements for the car and finance then you may be able to use a Personal Contract Hire arrangement. There is an option to select this type of lease finance when you choose your finance package.

You should always check this point with your employer and/or professional adviser first to make sure there are no adverse tax implications from your choice of finance.

You're Ready To Go!

Once you've completed your profile, car and finance selections you're ready to see the analysis results.

We'll show you:
  • the cost and tax impact of taking a cash allowance compared to an equivalent company car;
  • whether or not your allowance will be enough to get the same car as you would have in a company car plan; and
  • if you can't get the same car with a cash allowance, the cars you could afford based on your profile and finance selections.

So let's get started on your PaySwaptm analysis - just click on the link below:

Driver Profile

Contact Us

Whether you're a personal buyer, fleet operator or company car driver we have the most advanced tools you could ever need to help you choose your next new car or van.

From vehicle technical data to advice on buying or leasing, it's all here waiting for you.

So dive right in, or why not get in touch?

You never know what else we might know ....

   0333 444 0400

(+44 1792 224319 from outside the UK)


0330 444 0400
(+44 1792 224319 outside UK)