Salary sacrifice leasing

[Basil Brush]

z4RRSchris said:

Basil Brush said:

Not if you can use it to reclaim enough tax to pay for your car outright and keep the cash.

The "cash" however is locked into your pension till your old and wrinkley.

id rather money and toys now.

Next year for me!!

[KGoogle]

Anyone here have a byd seal ? How are they compared to a model 3 ?

[TheDrownedApe]

KGoogle said:

Anyone here have a byd seal ? How are they compared to a model 3 ?

bit SS specialised in here, try looking in the main EV forum.

[SWoll]

Downward said:

Prices on Tusker have gone up 10% this year I’ve noticed.

Although charging £500 a month for a Corsa E is a bit rich. Guess the insurance is the factor as you can use the scheme at any age.

Insurance costs them very little, it's the biblical initial depreciation on the vast majority of EV's that is driving up lease/SS costs.

Here's a 6 month old pre-registered, delivery mileage Corsa E for almost £20k off list price.



£500 a month would have that bought outright in 3 years..

[NomadicTurbo]

Had another call from Octopus today, pushing their 'Nearly New' range of cars.

Has anyone gone down this route?

[Sheepshanks]

SWoll said:

Downward said:

Prices on Tusker have gone up 10% this year I’ve noticed.

Although charging £500 a month for a Corsa E is a bit rich. Guess the insurance is the factor as you can use the scheme at any age.

Insurance costs them very little, it's the biblical initial depreciation on the vast majority of EV's that is driving up lease/SS costs.

Here's a 6 month old pre-registered, delivery mileage Corsa E for almost £20k off list price.



£500 a month would have that bought outright in 3 years..

That's exactly where I am with EVs. It's bad enough at low mileage, but the 15-20K/yr we need kills leasing costs generally and I'm not seeing anything that's making me think SS through Tusker will make sense.

So buy something for £15-20K and if it's worthless after 3 more years then we'll still have broken even - any value left will be a bonus. And I won;t have to worry about every little dink bringing return penalties etc.

[KGoogle]

NomadicTurbo said:

Had another call from Octopus today, pushing their 'Nearly New' range of cars.

Has anyone gone down this route?

Are they much cheaper

[the-norseman]

NomadicTurbo said:

Had another call from Octopus today, pushing their 'Nearly New' range of cars.

Has anyone gone down this route?

Is this just open to company employees that have signed up.

My rather large company doesn't offer SSL. They have even stopped the cycle2work scheme.

[Pistonheadsdicoverer]

This is how ridiculous Tusker has become

Vauxhall Corsa
Corsa-e Hatch 5Dr 0.0Elec 50kWh 136 Design A
£641*
Monthly net amount
P11d value:
£32390

24 months, 5000 miles.

[z4RRSchris]

say it’s worth 50%, and they are borrowing at 7.5% to fund

that’s 840pm before any profit or other costs.

the silly pricing is the result of residuals falling through the floor and base rate being 5.25

[nufcfan]

We are on Tusker, but I’m not seeing much value at the moment. Tempted by an ipace but have concerns about charging speed.

Would ideally like an ix1/iX (x drives) or q4/8 Quattro but nothing really jumping out + long lead times quoted.

Decisions!

[Wdk1866]

Hi, does the following make sense. I am in the 60% tax window (base pay 100k - 125k).

So if i look at the polestar 2 dual motor 421 long range (4 years 7.5k miles per year) the quote is

Gross 885
tax saving 354
NI saving 18
BIK +36
effective net pay -549

however because of the additional tax saving of reducing my taxable income my actual effective net pay would be -£372. Does that sound about right. Which is then ok value for me.

My other question for anyone who has ordered through Tusker. How accurate are their instock / coming soon timings. I am trying to plan for a car swap in June or July. I see some cars coming up as early May and they state 6-8 weeks lead time, which i could make work. unless the lead time only applies to instock only. thanks

[ChocolateFrog]

NomadicTurbo said:

Had another call from Octopus today, pushing their 'Nearly New' range of cars.

Has anyone gone down this route?

They lose so much almost immediately that if I'm not getting tbe brand new experience then I'm not paying several hundred per month.

The discount would have to represent reality and I'm sure it won't.

[ChocolateFrog]

nufcfan said:

We are on Tusker, but I’m not seeing much value at the moment. Tempted by an ipace but have concerns about charging speed.

Would ideally like an ix1/iX (x drives) or q4/8 Quattro but nothing really jumping out + long lead times quoted.

Decisions!

I wouldn't put too much weight on the quoted lead times.

[djc206]

Wdk1866 said:

Hi, does the following make sense. I am in the 60% tax window (base pay 100k - 125k).

So if i look at the polestar 2 dual motor 421 long range (4 years 7.5k miles per year) the quote is

Gross 885
tax saving 354
NI saving 18
BIK +36
effective net pay -549

however because of the additional tax saving of reducing my taxable income my actual effective net pay would be -£372. Does that sound about right. Which is then ok value for me.

My other question for anyone who has ordered through Tusker. How accurate are their instock / coming soon timings. I am trying to plan for a car swap in June or July. I see some cars coming up as early May and they state 6-8 weeks lead time, which i could make work. unless the lead time only applies to instock only. thanks

That’s correct if your pay after pension contributions is over £110.6k. If you’re already sacrificing elsewhere then you need to account for that.

[cj2013]

KGoogle said:

Are they much cheaper

No, about 10% less if that.

Cheaper to buy/PCP something nearly new than to use SS with octopus IMO

[MikePRT90]

ChocolateFrog said:

I wouldn't put too much weight on the quoted lead times.

My experience with Tusker was the opposite. Tesla model 3 highland RWD ordered 8th Feb, picked up 23rd Feb…was originally quoted 10-15 weeks! Guess I was just lucky they had one in stock and unallocated.

[Pistonheadsdicoverer]

MikePRT90 said:

My experience with Tusker was the opposite. Tesla model 3 highland RWD ordered 8th Feb, picked up 23rd Feb…was originally quoted 10-15 weeks! Guess I was just lucky they had one in stock and unallocated.

Out of curiosity, how much did they charge you?

On a 24/10K miles, I am seeing £852...

[Trikster]

nufcfan said:

We are on Tusker, but I’m not seeing much value at the moment. Tempted by an ipace but have concerns about charging speed.

Would ideally like an ix1/iX (x drives) or q4/8 Quattro but nothing really jumping out + long lead times quoted.

Decisions!

Just done exactly that - ordered one of the coming soon iPaces - whilst slower charging speeds we’d probably only be using a fast charger 4-5 times a year and after a little research it doesn’t look all doom and gloom as the IPace seems to hold its charging speeds where other cars drop off more quickly… so rate it might make a 15min real time difference at the pump (plug?) for us on any charges we need to do in the wild

Just heard the car is built so will let you know how I get on….

[MikePRT90]

Pistonheadsdicoverer said:

Out of curiosity, how much did they charge you?

On a 24/10K miles, I am seeing £852...

£875…42/7.5k.

Looking on Tusker now I can see prices have risen as they are charging £954 for 42/7.5k. 24/10k is showing at £1,296!!!

All figures above quoted gross