Well, of course your friend will quite rightly do whatever she sees fit. But, I'm inclined to agree with NoFM, if she's a basic rate taxpayer who has spent her pension pot, then staying with a company car would seem to be the smart move.
If she did, it would also be a smart move to start a car fund now, paying in whatever she can afford on a standing order or whatever each month, for the next 4 years or however long it is until she retires. At that point she could then buy whatever she wants within her budget.
But, if she's determined to go to private motoring now, you know what I'd suggest ( if it's permitted ) is to half her purchase budget, buy something suitable but older or more used, put the rest of the money into a car fund account and start building that up as above.
With luck, and a bit of judicious purchasing, she could almost certainly eke 4 years out of a cheaper car and have a nice wee pot of cash to buy something to replace it on retirement.
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