FBT is not being charged in my case. I was told that the organisation would levy it if required. It's been a year and has not been charged yet.
However, per my calculations when I bought the car, even with FBT factored in, one wins overall.
Colleagues that did not take company lease cars gave the following reasons
- Car would be second hand
- Not ready to give 3/4 year commitment to the organisation
- Planning to take partial loan only, say 50-50 of the price of the car
- Not all models are offered under the scheme
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