BMW 330e ordered...

[Happy_Harris1431]

chrisoldroyd said:

Yes, that's the difference though, I am given a petrol card and have all of my petrol paid at point of sale. I then tell the company what my monthly personal mileage has been and I pay that back.

So if I charge the car at home it's 100% out of my pocket unless there is a way to claim that back.

Edited by chrisoldroyd on Saturday 30th July 15:33

As you say HMRC don't recognise it as a fuel but it is classed as an expense and should be claimed back as you would any other expense, ie taxi or train fares etc. As long as you can substantiate how much you use then you can claim it back like any other expense

[Happy_Harris1431]

madalfa said:

Hi, Does anybody know if you can get a energy flow display on the screen i.e like in any other model of electric vehicle?

Yes it show's an image of the car on the screen and the live energy flow information from regen braking etc.

You also get a nice screen image in sport mode of 2 extra dials, one showing bhp being used and the other showing torque.

[madalfa]

Happy_Harris1431 said:

madalfa said:

Hi, Does anybody know if you can get a energy flow display on the screen i.e like in any other model of electric vehicle?

Yes it show's an image of the car on the screen and the live energy flow information from regen braking etc.

You also get a nice screen image in sport mode of 2 extra dials, one showing bhp being used and the other showing torque.

Thats what i'm after. I've read in the manual you go to car info/status or something like and it shows there but i can't get it to display....Just wondering if you have to have the upgraded screen (Larger)?

[Happy_Harris1431]

madalfa said:

Thats what i'm after. I've read in the manual you go to car info/status or something like and it shows there but i can't get it to display....Just wondering if you have to have the upgraded screen (Larger)?

No I have the standard screen, I'll check where it is and let you know.

Sure it's in car status , efficient dynamics from memory but I'll check

[Andydf]

Happy_Harris1431 said:

As you say HMRC don't recognise it as a fuel but it is classed as an expense and should be claimed back as you would any other expense, ie taxi or train fares etc. As long as you can substantiate how much you use then you can claim it back like any other expense

Do you have proof that they class it as an expense? I would be very surprised (and happy) if they did. My boss won't let me charge at work, so it would be great to walk in with a few months of charging expenses

I guess for those who can charge at work, it would be classed as a BiK and would be taxable?

[chrisoldroyd]

My boss has done some research and he believes charging at work is fine and doesn't even need to be declared. At home would be classed as BIK so more of a grey area. I'm going to claim it back each month via expenses with a power meter report and see what happens!

At the end of the day, I'll just have to give HMRC more money back after child benefit and everything else I seem to owe them after filing my self assessment each year!

5.4 As electricity is not a road fuel, the car fuel benefit charge does not apply to electric charging. If an employee uses a company car, no benefit in kind arises on charging their vehicle at the workplace.
((in other words, you can recharge at work and we dont need to report it))

Edited by chrisoldroyd on Sunday 31st July 20:35

Edited by chrisoldroyd on Sunday 31st July 20:47

Edited by chrisoldroyd on Sunday 31st July 20:52

[Happy_Harris1431]

madalfa said:

Thats what i'm after. I've read in the manual you go to car info/status or something like and it shows there but i can't get it to display....Just wondering if you have to have the upgraded screen (Larger)?

Found it, it's in vehicle information then eDrive is the top menu option, shows you the car image and some mpg info

[likhan_s]

Anybody having issues with eco pro analyser and android. I do get a few apps on the connected drive. But spotify and analyser seems to be missing. The spotify apparently only works with the latest gen 7 series. But, for some reason cannot seem to get eco pro analyser working at all. Tried with my old iphone it works right out of the bat.

[Happy_Harris1431]

Anyone having a problem with trim squeeking! It's doing my head in!!!

[chrisoldroyd]

Looking for some advice on snow driving. This is my first BMW and need some advice on how to approach snow driving. If I go for winter tyres, are they worth it, any particular type and what about socks?

Anyone with experience want to share any tips for the winter?

Thanks
Chris

[Prizam]

chrisoldroyd said:

Looking for some advice on snow driving.

Watermelon in the glove box, apparently.

[chrisoldroyd]

Prizam said:

Watermelon in the glove box, apparently.

Does it have to be a watermelon? They are quite hard to get a hold of up here in winter. I know honeydew are a different colour and indeed slightly smaller but would they do as an alternative?

[Soov535]

The Crack Fox said:

The 330e does look interesting. I'd be interested in some help on this, if possible.

I get paid £6k a year not to have a company car, then they pay me 11p a mile for using my fairly shagged out diesel Galaxy. I don't do many business miles, maybe 5000 a year. I'm a higher rate tax payer.

The Galaxy will need replacing soon. I wouldn't buy new, I'd probably buy a £4-£5k Volvo V70 D5, which I've had before and love.

Would it make financial sense for me to give up the £6k allowance and have a 330e (or even a 5 door Golf GTE) instead? Company would pay the fuel (but not the personal fuel). I have no desire to have a shiny new thing on the driveway, I just want cheap reliable transport with a tiddly tax bill that I can use as the family bus now and then. I've had a few BMWs over the years and always liked them, the 330e looks pretty appealing if I can make it work on paper.

Can anyone give me some pointers with the numbers, please? I am only equipped with MicroSoft Abacus 1989 in my head.

Hey Cracky.

Based on being a high rate tax payer and a £39k list price car

BIK PERCENTAGE BASED ON CO2 7
VEHICLE VALUE 39000
TAXABLE BIK PA 2730
TAX PAYABLE PA 1092
VEHICLE TAX PAYABLE PM 91

GROSS CAR ALLOWANCE PA 6000
NET CAR ALLOWANCE PA 3600
NET CAR ALLOWANCE PM 300


So total cost out of your net pay each month will be 391

So £100 a week basically. I assume this will include insurance, tyres, maintenance etc etc etc so cheap!!


In my case my car allowance is double yours (which I forfeit), and I get free fuel for private and business use, so mine will be costing £750 a month all in. It's a shade under £40k list price.

BIK PERCENTAGE BASED ON CO2 7
VEHICLE VALUE 39695
TAXABLE BIK 2779
TAX PAYABLE PA 1111
VEHICLE TAX PAYABLE PM 93

FUEL

GOVERNMENT FUEL FIGURE FOR TAX YEAR 22200
FUEL BIK 1554
FUEL TAX PAYABLE PA 622
FUEL TAX PAYBLE PM 52

CAR ALLOWANCE

CAR ALLOWANCE GROSS 12000
CAR ALLOWANCE NET PA 7200
CAR ALLOWANCE PAYABLE PM 600

Total monthly net cost 330e inc fuel 744


Bear in mind that's for a £40k car, all fuel, maintenance, tyres, brakes, insurance and a new one when the ashtray gets full.

Edited by Soov535 on Thursday 4th August 16:05

Edited by Soov535 on Thursday 4th August 16:07

Edited by Soov535 on Thursday 4th August 16:08

[Mcpaynter]

Not sure those calculations are right.. You don't pay BIK AND tax on the amount.. If you take the cash allowance you won't pay BIK as you don't have a company car.. If you go for the 330e you'll just pay the BIK whilst also getting the £6k allowance I assume as it will be deducted from your salary so no income tax

So you'll get £6k p.a towards the car and rather than paying income tax you just pay the £91 BIK.. So it's really a case of whether it makes sense financially. Compared to now for which I guess you get 3.6k p.a net car pay.. You'll basically be giving that up in return for a new car

[jason61c]

The Crack Fox said:

Thanks for the replies. Being fick I am not sure I follow. At present I get paid £6k pa gross NOT to have a car. They would take that from me and give me any car I want, but of course I have to pay the BIK on it, that's what I'm trying to work out.

Based on a £50k gross salary (actually, that's a wild guess as I'm on some complex project-orientated bonus scheme thing), ComCar.com says £79/month additional tax or £948 per year for having a base 330e. So, I lose £6k (which is £4k after tax anyway), then pay roughly £1k more in tax, so it's costing me about £5k a year out of my pocket to have a new car. Am I right? I then have to pay private mileage but as it's mostly leccy I think I can swizz the accountant into overlooking that bit.

Really not sure it stacks up.

you are right, however if you think an average car costs #1500 a year not including the unknown, you're at 3.5k which is still a lot.

[headjog]

likhan_s said:

Anybody having issues with eco pro analyser and android. I do get a few apps on the connected drive. But spotify and analyser seems to be missing. The spotify apparently only works with the latest gen 7 series. But, for some reason cannot seem to get eco pro analyser working at all. Tried with my old iphone it works right out of the bat.

yes Im struggling with spotify too - it sort of works but very glitchy - need to get an iphone I guess

[Mcpaynter]

The Crack Fox said:

Thanks for the replies. Being fick I am not sure I follow. At present I get paid £6k pa gross NOT to have a car. They would take that from me and give me any car I want, but of course I have to pay the BIK on it, that's what I'm trying to work out.

Based on a £50k gross salary (actually, that's a wild guess as I'm on some complex project-orientated bonus scheme thing), ComCar.com says £79/month additional tax or £948 per year for having a base 330e. So, I lose £6k (which is £4k after tax anyway), then pay roughly £1k more in tax, so it's costing me about £5k a year out of my pocket to have a new car. Am I right? I then have to pay private mileage but as it's mostly leccy I think I can swizz the accountant into overlooking that bit.

Really not sure it stacks up.

Easiest will be to get a quote to confirm figures

If you get £6k atm (£3.6k after tax if it's 40%) then youre taking home £300pm.

If you take the car Scheme what would happen is you lose the £6k cash and it becomes an amount set aside for company car use. So bad point is you lose it, good point is you don't pay income tax on that £6k anymore.

If you went for a 330e then let's say the lease comes in at £400pm. That's 4.8k of your £6k allowance used, but rather than paying income tax you pay tax on the car as its a benefit. 330e is 7% so you'd pay approx £80pm BIK.. If your car scheme gives you back the residual allowance after the car cost (£1200 in the example) then it would pretty much pay for the BIK.. So you would lose your £6k p.a but it's likely the £6k would cover the cost of your car including tax.

Other option is just keep taking the cash and private lease a new car, plenty of good deals around with a 3 month deposit.. Can even get a Audi A6 S-line diesel for about £250pm atm.. Obviously need to add Insurance and servicing..

[likhan_s]

headjog said:

yes Im struggling with spotify too - it sort of works but very glitchy - need to get an iphone I guess

Why do you say glitchy? Mine just does not work. It works perfectly with bluetooth a2dp profile. Where i am allowed to play next or previous song, but cannot use the spotify integration where i can browse and navigate.

[Simon-4zea9]

Hey all,

I have finally got some news on my car..... I ordered in Feb and a guy at work ordered two months after me and guess what...... he has his car already!! They are an identical spec too just mine is blue and his was black! It makes no sense at all! I am now due to get mine on the 1st so it will be the new reg.

I am looking at getting a cable to use out and about at public stations, what are people using and where did you get them from?

Cheers,
Si

[snorkel sucker]

Mcpaynter said:

The Crack Fox said:

Thanks for the replies. Being fick I am not sure I follow. At present I get paid £6k pa gross NOT to have a car. They would take that from me and give me any car I want, but of course I have to pay the BIK on it, that's what I'm trying to work out.

Based on a £50k gross salary (actually, that's a wild guess as I'm on some complex project-orientated bonus scheme thing), ComCar.com says £79/month additional tax or £948 per year for having a base 330e. So, I lose £6k (which is £4k after tax anyway), then pay roughly £1k more in tax, so it's costing me about £5k a year out of my pocket to have a new car. Am I right? I then have to pay private mileage but as it's mostly leccy I think I can swizz the accountant into overlooking that bit.

Really not sure it stacks up.

Easiest will be to get a quote to confirm figures

If you get £6k atm (£3.6k after tax if it's 40%) then youre taking home £300pm.

If you take the car Scheme what would happen is you lose the £6k cash and it becomes an amount set aside for company car use. So bad point is you lose it, good point is you don't pay income tax on that £6k anymore.

If you went for a 330e then let's say the lease comes in at £400pm. That's 4.8k of your £6k allowance used, but rather than paying income tax you pay tax on the car as its a benefit. 330e is 7% so you'd pay approx £80pm BIK.. If your car scheme gives you back the residual allowance after the car cost (£1200 in the example) then it would pretty much pay for the BIK.. So you would lose your £6k p.a but it's likely the £6k would cover the cost of your car including tax.

Other option is just keep taking the cash and private lease a new car, plenty of good deals around with a 3 month deposit.. Can even get a Audi A6 S-line diesel for about £250pm atm.. Obviously need to add Insurance and servicing..

If you stuck with the allowance, you'd also (I think) be able to get the 11p/mile from your employer and also claim back from HMRC the additional relief of (I think) 45ppm upto 10k and 25ppm thereafter. So, given that a 330e would use very little fuel, is there not also additional money to be gained by sticking with the £6k allowance and claiming business miles rather than foregoing the allowance and having to pay BIK on a company car? I also think you forego the business mile allowance on electric vehicles when they are a company car.