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My company have offered me $7,000 per annum car allowance to run my own vehicle instead of providing a company car. In addition in both cases I am also provided with a $6,000 per annum fuel card. What is the best option company car or run my own and take the allowance

You will need to discuss this with your accountant to determine whether owning is the better option to company car but at a glance the company car seems like a better choice.