Company car – What’s The best structural option and why?

I start my new job with the offer of a fully maintained company vehicle that is yet to be procured.

I have several options to consider:

1. Negotiate a car allowance (\~$18k/year) and buy a car outright (which I can do easily around $60k).

2. Novated lease (but don’t like the idea of the break costs if I change jobs etc.)

3. Take the fully maintained company vehicle of their choice and nothing to worry about.

From previous experience, option 1 gave me super easy flexibility, the car and specification I wanted, write off the costs using a logbook method, and be left with a depreciating asset that still retains good value after 3-5 years to sell, while still under warranty.

In addition, I’m KPI’d and incentivised on profitability, so not tying up cash flow for the business in a vehicle lease or loan might also be a benefit to me as well.

Love to hear some other opinions or thoughts on this.