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Company car is an option but I prefer my own vehicle, reason for the 7 year maximum is all to do with their 'green' credentials...:(
We have something similar where if you opt for the car allowance then your car has to be less than a certain age.. They've never asked the age of the cars anyone drives though.
 

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Apparently, if a company finances a car be it by car allowance, lease or straight company car HMRC requirements are that the car should be no more than 4 years old.

Many companies insist on the 4 year age limit and require the car is replaced whereas others simply give you the car allowance with the caveat that 'It is up to you to ensure you have a vehicle at your disposal' meaning if you have an older car (or even one less than 4 years old) and it breaks down then it's down to you to find transport to carry on working.
I suppose it depends on the type of 'car allowance'. Some like mine are paid as 'earnings' monthly and therefore taxed at 40% along with NI.. Although truth be told they've never even asked me if I have a car so I don't think they care and it's just one of those situations where if it isn't included in your total salary then when and if you get a pay rise it isn't included.

Sorry for going OT.. Glad you liuke the car OK.. I'm looking forward to a long test run on the Pug at the end of July.. What I won't be doing is driving it through a field which I did with the old one (volvo *cough scummy dealership cough*)

Is your saloon white? I've seen a few around and all the 508's saloons I've seen have been white!
 
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