Best lease car deals available?

[TheJelley]

Hilts said:

davamer23 said:

Anyone taken delivery of their 208gti prestige from the deals end of May, early June yet?

Yes, ordered 1st week in June and received first week in August.

Great car, it has the 30th model engine (205/300) so plenty of torque. It does tend to snake a little under heavy braking, is it just bedding in?

Also the reviews mostly complain about the steering wheel obscuring the instruments, unless you're really short this isn't the case, I'm only 5' 10" and it's fine.

Still waiting.

Also ordered 1st week of June, the car may be in the country now however... but I am not holding m breath as to the accuracy of the Peugeot logistics system.

Is there a smiley for a Gallic shrug?

[Hilts]

TheJelley said:

Still waiting.

Also ordered 1st week of June, the car may be in the country now however... but I am not holding m breath as to the accuracy of the Peugeot logistics system.

Is there a smiley for a Gallic shrug?

You'll be smiling when you get it which agency ?

[golfdsg]

zedstar said:

golfdsg said:

HELP!

Been trying all day to come up with a solution to this dilemma with my accountant:

A private individual has leased a VW but due to personal circumstances needs to get rid of the car, I am ready to have the lease transferred over to me however VWFS only transfer leases to Private Limited Companies.

This would trigger a benefit in kind tax, I already lease a Mercedes but through my sole trader business which avoids this kind of tax.

I have spoken to my accountant and he advised to get the car as a sole trader or personal individual to avoid the hassle.

So does anybody have any suggestions, whether or not there is a way around the BIK tax, or should I move on?

Thanks

I was considering the same, also on a Golf and was going to do it through my ltd company but showing all the payments as a directors loan. You could also set the DD payments to come out of your personal account and then the accounts would have no reflection of this situation. Then effectively you're using the LTD company to facilitate the lease.

Technically HMRC may take the view that it is a company car and should be taxed as such but as long as none of the payments were tax deductions you could argue your case. Plus it's only one car, not a fleet for the whole family or for staff.

The issue I had was insuring it. If the lease goes to a Ltd co. then does the ltd co. have to be the policyholder?

Thanks for your input.
Yes the Ltd company has to be the policyholder. But how would the above method avoid BIK tax? because the ltd company would still be providing a "benefit" to the employee, wouldnt it?

[danlindfield]

I'm after a fast, tasty "premium" estate for personal lease. Thinking
- Golf R estate
- Merc C class estate ( ?C450 AWD when prices out)
- Merc CLA45 shooting brake
- Audi S3 sportback

Any ideas where to start looking? I'm new to this leasing malarkey.........
Thanks

Lindo

[MTech535]

TonykartEVR said:

MTech535 said:

better be quick if you want a scirocco - I was told only 3 left this morning. All blue with DSG.

Please can you pass me the details of the supplier?

This was Beadles VW in Maidstone.
Better prices available from cvl or stable.

I think they all have access to the same vehicles. May have been BS to get me to sign.

[TheJelley]

Hilts said:

TheJelley said:

Still waiting.

Also ordered 1st week of June, the car may be in the country now however... but I am not holding m breath as to the accuracy of the Peugeot logistics system.

Is there a smiley for a Gallic shrug?

You'll be smiling when you get it which agency ?

CVL

[andrewparker]

beeej said:

Artie Fufkin said:

Any particularly good deals on either Touareg or Grand Cherokee? Best Touareg I can see is CVL £2400 deposit + [23x288/£6624] + £180 fees = 9204 over 2 years @ 8000 miles [vat incl]

http://www.centralukvehicleleasing.co.uk/vehicle/c...

Yes. That's the cheapest Touareg lease I've seen in months - with the caveat that it's just 8k pa and the prices rocket up if you change it to 10k.

The man maths seem to come out at £5,200 pa. Wow. That's about the same as a recent RR Evoque deal. Bit confused by what CVL say the RRP is. I have it down as £48k OTR.

8k though, that wouldn't work for me

It's only the Escape model so list price of £45605, plus VW are always doing £5k deposit contribution on Touaregs, so realistically it's a £40k car tops, probably less. I've not driven the Escape model, but talk of it having "off-road suspension" etc put me off.

By the way, the excess mileage rate on VWs is typically 7.2ppm inc. VAT, so doing mileage above the agreed allowance doesn't occur significant fees at the end of the lease.

[zedstar]

golfdsg said:

Thanks for your input.
Yes the Ltd company has to be the policyholder. But how would the above method avoid BIK tax? because the ltd company would still be providing a "benefit" to the employee, wouldnt it?

People do the whole ltd company lease paid by themselves personally to avoid a BIK charge quite often. Because the payments therefore never feature in the accounts they therefore justify that as the ltd co. is not paying for anything there is no BIK charge.

Whether HMRC would agree is a different matter.

[beeej]

andrewparker said:

It's only the Escape model so list price of £45605, plus VW are always doing £5k deposit contribution on Touaregs, so realistically it's a £40k car tops, probably less.

I got some figures from carwow to back up the discounts going on touaregs. VW dealer offer:

List: 45,400k
Cash: 40,856 (10% discount)
Finance: £36,800 (19% discount)
or PCH with CVL: £4,900 pa

I stand corrected and am impressed with the VWFS mileage charge. On my QQ lease though [not VWFS] it is stipulated that I can only go 10% over the agreed mileage. Do VWFS not state something similar?

Edited by beeej on Wednesday 26th August 22:56

[Sheepshanks]

golfdsg said:

Yes the Ltd company has to be the policyholder.

Who is demanding that?

I've seen the arrangement re leasing discussed where the lease is in the name of the company but all costs are paid by the individual so the lease is 'hidden'- as the other poster mentioned, I imagine this is pretty dodgy.

You can also effectively lease the car off your own company but the calculations required are really complicated as you have to be paying market value and that might be different to amount the company is paying for the lease.

[golfdsg]

Sheepshanks said:

golfdsg said:

Yes the Ltd company has to be the policyholder.

Who is demanding that?

I've seen the arrangement re leasing discussed where the lease is in the name of the company but all costs are paid by the individual so the lease is 'hidden'- as the other poster mentioned, I imagine this is pretty dodgy.

You can also effectively lease the car off your own company but the calculations required are really complicated as you have to be paying market value and that might be different to amount the company is paying for the lease.

I am just confused regarding the BIK/HMRC aspect of this.
So lets say the lease is paid by the individual but through the ltd company (as you mentioned), it will still need to be declared for BIK right? Not paying tax would just mean HMRC will end up chasing me for a backlog BIK payment.

Or is this not the case?

[Sheepshanks]

golfdsg said:

I am just confused regarding the BIK/HMRC aspect of this.
So lets say the lease is paid by the individual but through the ltd company (as you mentioned), it will still need to be declared for BIK right? Not paying tax would just mean HMRC will end up chasing me for a backlog BIK payment.

Or is this not the case?

I find there's a lot of bullst from people about how they're being clever in this area but what's true and what's correct, I don't know.

The thing I've seen asserted is that the company name is used to lease the car, but all payments are made by the individual and the car is never shown on the company books. I imagine that's very dodgy as the company should be recording the lease's liability.

The other thing is that people say they fully refund the cost "so there's no benefit". I've seen a discussion from an accountant that says that's wrong and there is still a BIK liability and all you can do is deduct the payments you're making from the BIK liability.

I know someone who, with a mate of his, says they lease cars from each other's companies and that way there's no BIK liability. We suggested that to our accountant and he was horrified by the idea - but he is a very straight-down-the-line kind of guy.


Might be worth asking in the Business forum and see what answers you get.

[matt-ITR]

Any good deals on 4WD vehicles? (that can actually go off-road a bit)

Looking for a new vehicle and considering a LR Defender (purchase), but I saw a Amarok with Stable Vehicle Contacts which looks good and also their Toureg R-line interested me - although I am not sure if the Toureg is any good off-road.

Another question, does anyone know if a commercial vehicle like an Amorak would be eligible for 100% VAT reclaim?
If it were purchased, then I would be able to reclaim 100%, but not sure if the same is true for leased commercials.

[TTOBES]

A friend of mine yesterday took delivery of his Peugeot 208 GTI on an 18 month lease that he ordered on the 28th June after reading about a zero deposit error on the Peugeot website. Peugeot honoured the deal for him and a few others, which was nice.

[350zStee]

RobbieM-Evo said:

Guys looking for some help/inspiration please.

Been going round in circles looking for a 2 year lease for the Mrs.

Tiguan: great deal been to look at one she feels car is too large!

Fiesta Red Edition: been to see one (only had the Black Edition) but doesn't like Red cars and the Black is too Halfords at the front.

Vauxhall Corsa VXR (I thought this would be the one) apparently these are old prices? Started to quote silly figures as new car comes with "On Star" which I'm not fussed about.

£179 then 24 monthlies £179 but this a Red car and prices are not current anymore - annoying to say the least!

http://www.pentagon-group.co.uk/offers/new-car/new...

Best they can do is a stock car White, 18's & Carbon Pack £239 x 24 + £239 deposit £5,975. Or less if you qually for the partners discount.

I'm looking for something for the Mrs that comes in around £4,500 - £5,000 over the 2 years that I don't mind driving from time to time.

As mentioned going round in flipping circles so if anyone has any thoughts I'd love to hear them.

Cheers

I managed to get a VXR in 'flash blue', 10k per annum for £199 down, £199 p.m.

[RobbieM-Evo]

350zStee said:

I managed to get a VXR in 'flash blue', 10k per annum for £199 down, £199 p.m.

Can you let me know the details please?

Did if have the 18's and was this on the partners program please?

Thanks

[a311]

danlindfield said:

I'm after a fast, tasty "premium" estate for personal lease. Thinking
- Golf R estate
- Merc C class estate ( ?C450 AWD when prices out)
- Merc CLA45 shooting brake
- Audi S3 sportback

Any ideas where to start looking? I'm new to this leasing malarkey.........
Thanks

Lindo

Start here:

http://www.contracthireandleasing.com/?gclid=CNrys...

IME when it comes to getting a good lease deal you need to not be picky over a particular make/model, if a deal comes up you need to move quickly.

Leasing is quite simple to me, if you want to drive a new car it’s trouble free motoring for 2 years or more and the lease payments (deposit plus monthly) are < the depreciation if you bought then it’s goer. Things to be wary of are excess mileage charges, damage (beyond fair ware and tare) and if it gets nicked or written off (GAP insurance).

[MattHall91]

matt-ITR said:

Any good deals on 4WD vehicles? (that can actually go off-road a bit)

Looking for a new vehicle and considering a LR Defender (purchase), but I saw a Amarok with Stable Vehicle Contacts which looks good and also their Toureg R-line interested me - although I am not sure if the Toureg is any good off-road.

Another question, does anyone know if a commercial vehicle like an Amorak would be eligible for 100% VAT reclaim?
If it were purchased, then I would be able to reclaim 100%, but not sure if the same is true for leased commercials.

The old version of the Touareg was very competent off road, so I'd imagine the latest one to be at least as good.

[Tuvra]

matt-ITR said:

Any good deals on 4WD vehicles? (that can actually go off-road a bit)

Looking for a new vehicle and considering a LR Defender (purchase), but I saw a Amarok with Stable Vehicle Contacts which looks good and also their Toureg R-line interested me - although I am not sure if the Toureg is any good off-road.

Another question, does anyone know if a commercial vehicle like an Amorak would be eligible for 100% VAT reclaim?
If it were purchased, then I would be able to reclaim 100%, but not sure if the same is true for leased commercials.

There were some excellent Lease deals to be had on the Defender a few weeks ago.

[TeslaUK]

Hi there,

Do you chaps tend to arrange GAP insurance through the supplying dealer or sort your own policy?
If the latter, any recommendations?

I've been informed GAP insurance could be a wise move since in the event of total loss I'd be liable for any difference between insurance company pay out and car's value.