Company or personal car?

Company or personal car?

Author
Discussion

JapanRed

Original Poster:

1,559 posts

110 months

Friday 5th February 2016
quotequote all
Issi said:
So, you value the opinion of strangers on an internet site over your qualified accountant?
No I don't.

DonkeyApple

54,923 posts

168 months

Friday 5th February 2016
quotequote all
CaptainSlow said:
DonkeyApple said:
Out of interest, I have no idea how the BIK stuff works etc, but I've recently been toying with the idea of buying a Twizzy to use instead of an Oyster card. I just don't seem able to find a time of day when the tune isn't riddled with people sniffing, snorting, eating bogies, dandruff, burgers, crisps or farting, pissing, shorting themselves etc.

I was just thinking I'd buy a used one if I did go this route but would it make more sense for the company to buy it?
Buy a scooter, better for commuting and no BIK if 100% work use.
I'd have to buy two, bolt them together, fit a roof, seat and steering wheel though. Besides, I'm English, an adult and prefer women. biggrin

CaptainSlow

13,179 posts

211 months

Friday 5th February 2016
quotequote all
Do your bike test then.

eta
Don't get a Twizy

JapanRed

Original Poster:

1,559 posts

110 months

Friday 5th February 2016
quotequote all
CaptainSlow said:
Buy a scooter, better for commuting and no BIK if 100% work use.
I'm not driving from Leeds to Birmingham on a scooter (or any type of 2 wheeled death trap). But thanks for the suggestion

RicksAlfas

13,355 posts

243 months

Friday 5th February 2016
quotequote all
JapanRed said:
So the consensus was that a typical diesel or petrol car is cheapest if bought personally, rather than through the company.

Are you last few posters suggesting that if emissions below 50g it could work out cheaper to buy through company than personally?

Does it make a difference if I bought a used car? Or does it need to be new?
Have a play on here:
http://comcar.co.uk/

Run a few examples through and see what's what.

If you want to run a company car you are looking for low CO2 values - BMW ED models, Audi Ultras, or hybrids like Merc 350E or BMW 330E. I still think it's a cheap way of running a car, but you have to work to the system, rather than buying a V8 and then complaining about the tax.


DonkeyApple

54,923 posts

168 months

Friday 5th February 2016
quotequote all
CaptainSlow said:
Do your bike test then.

eta
Don't get a Twizy
But I don't like getting dressed up in tight leather, drinking cups of tea from a thermos in a dogging layby or have a wife shaped like a wheelie bin. biggrin

The key here is I'm interested in using a small car. wink

But now we are over that hurdle, do you know the merits of buying something like a Twizzy direct versus through the company? I've never had or used any kind of company car product and never paid any attention to how the tax side works etc. Thanks.

CaptainSlow

13,179 posts

211 months

Friday 5th February 2016
quotequote all
Well, see above then. 5% BIK now going up in the next couple of years...and it'll also depend on your tax rate, cost of battery hire and expected rv.

theboss

6,878 posts

218 months

Friday 5th February 2016
quotequote all
CaptainSlow said:
Well, see above then. 5% BIK now going up in the next couple of years...and it'll also depend on your tax rate, cost of battery hire and expected rv.
As I mentioned above the increase is rapid because the current starting point is so low.

Anything on the 5% rate now will become 7% in the next tax year, so that's a 40% increase in BIK tax in two months time!