Transport
Company Car vs Private Car Tool
Compare the estimated annual cost of a company car with owning a private car.
Quick math
Use this for quick arithmetic, percentages, or to check figures while filling in the main tool, without leaving the page.
Estimate
Estimated annual company-car cost: 36,020 NOK
- Estimated extra tax
- 36,020 NOK
- Private car cost entered
- 90,000 NOK
- Lower estimated cost
- Company car
How this breaks down
- Taxable benefit
- 100,000 NOK
Company-car estimate is the extra tax from adding the taxable benefit to salary. Private-car figure is user-entered and may omit costs.
How to use this tool
- Use Company Car vs Private Car Tool for the question described above, and check that the inputs match your records and time period.
- Enter annual salary.
- Enter taxable company-car benefit.
- Enter private car annual cost.
- Change annual salary, taxable company-car benefit, private car annual cost to compare scenarios, then check the units in the result.
Worked example with the prefilled values
This example shows how Company Car vs Private Car Tool uses its starting values. Change the calculator inputs to estimate your own situation.
- Annual salary
- 650000 NOK
- Taxable company-car benefit
- 100000 NOK
- Private car annual cost
- 90000 NOK
Estimated annual company-car cost: 36,020 NOK
- Estimated extra tax36,020 NOK
- Private car cost entered90,000 NOK
- Lower estimated costCompany car
Company-car estimate is the extra tax from adding the taxable benefit to salary. Private-car figure is user-entered and may omit costs.
Formula and calculation logic
Extra tax = estimated tax(salary + entered taxable car benefit) − estimated tax(salary)
Compare extra tax with the private-car annual cost entered
Compare the estimated annual cost of a company car with owning a private car.
The estimate measures extra estimated income tax from the taxable benefit you enter and compares it with your entered private-car cost.
Assumptions
- The taxable car benefit must be supplied by the user. The tax difference is an estimate and does not calculate the car benefit from list price or include private-car depreciation, financing, insurance or energy unless entered.
Published sources
Further reading for checking current rules and information. These links are not live inputs to the tool.
Questions about this tool
How is the company-car benefit calculated?
Enter the taxable benefit amount from the applicable rules or employer; the tool does not derive it from the car price.
What does the company-car cost show?
It estimates the extra income tax from adding the benefit to salary.
What is included in private-car cost?
Only the annual cost you enter. Add any costs you want to compare.
Does it choose the cheapest option automatically?
It compares the estimated extra tax with your entered private-car cost, before considering other personal factors.