Macan EV

[Muzzer79]

DMZ said:

Muzzer79 said:

I'd concur with those additions, save for number 8. The range isn't too bad, providing you get the bigger battery.

I had an e-tron GT (same car, different dress) and was getting 250 miles on a full charge regularly.

That's not brilliant, but it's not poor.

Speaking of the e-tron GT, it may be worth adding that as number 9. In my opinion it looks better, is cheaper, doesn't have an option list as long as your arm and the lead time was significantly shorter.

I know it's not a Porsche, but maybe Porsche are having their original-Jaguar X-Type/Ford Mondeo moment......

How’s the reliability on the e-tron GT? Does it have the same heater issues etc?

Yes, same issues on the heater. Seems to have been subsided now, although I'm now out of the Audi so don't follow the associated forums closely.

[Sidsw]

well the market seems to like the macan. shares up 12% since its launch

[DeejRC]

So a £70k Macan is cheaper for me than a Yaris as a biz car. Nuts.
Got to love the BIK bribes. Being a private punter sucks for you lot!

[Ed.Neumann]

DeejRC said:

So a £70k Macan is cheaper for me than a Yaris as a biz car. Nuts.
Got to love the BIK bribes. Being a private punter sucks for you lot!

I think the subsidies are ironically killing off the EV market.


The issue is it is mainly businesses who are buying them, they can write it down, reclaim the vat (50% if used for personal), save a huge amount on fuel which means the residuals won't be as high. When getting a new car you are obviously going to go new and get all the benefits again.

But this makes owning one as a private buyer so much more expensive, the private buyer who gets none of these perks, apart from saving on fuel mostly, is taking the same depreciation hit as the business seller but without the kick backs.

The crappy residuals mean the losses over the term are far more than any savings on fuel and ultimately stopping people from jumping in. I have a few mates that like the idea of an EV, but they work out so much more over 3-4 years they make no sense.


I don't know what the answer is?

If they stopped the business benefits I think the EV market would die.

I guess if they really believe it is green, really believe the infrastructure is there, and really want everyone to buy them they could just not charge any VAT on all EVs.

A £36k car for £30k or a £60k car for £50k would suddenly make them look far more appealing.

My £78k specced Macan for £65k would have me in one, if I had somewhere to charge it of course.

[Greenmantle]

Ed.Neumann said:

DeejRC said:

My £78k specced Macan for £65k would have me in one, if I had somewhere to charge it of course.

I've got the Macan 4 specced at £91k
I can buy it through the business and save probably £19k to make it £72k
so the $64k question is will high specced Macan 4 EVs on the OPC pre owned approved list in 2 years time be under £72k?
Maybe!

[Augustash]

Thats why I have no interest in EV as they are expensive for what they are and I gave up work a few years ago so unable to make savings on BIK. My high spec Macan GTS was £87k when I put down the deposit in January last year and still the prices look strong. I will definitely try and get another new GTS before they stop production.

[Ed.Neumann]

Greenmantle said:

so the $64k question is will high specced Macan 4 EVs on the OPC pre owned approved list in 2 years time be under £72k?
Maybe!

£72k?

Yeah, they will be around £60k.

If buying that car through the business you can claim back the whole value of it in year one.

So in two years, it might have cost you nothing, if you make enough profit of course.

Edited by Ed.Neumann on Saturday 3rd February 19:28

[DeejRC]

Ed.Neumann said:

Greenmantle said:

so the $64k question is will high specced Macan 4 EVs on the OPC pre owned approved list in 2 years time be under £72k?
Maybe!

£72k?

Yeah, they will be around £60k.

If buying that car through the business you can claim back the whole value of it in year one.

So in two years, it might have cost you nothing, if you make enough profit of course.

Edited by Ed.Neumann on Saturday 3rd February 19:28

Why on earth would you buy it? You just lease the thing, who gives a fk about the residuals?!

[Ed.Neumann]

DeejRC said:

Why on earth would you buy it? You just lease the thing, who gives a fk about the residuals?!

Haha, nicely put, and yeah, very true, but lease prices are calculated on predicted residual values.

The thing with EVs, many who are buying them can claim the VAT back straight away, and then claim back 19-25% of the cars list price in the first year as well.
This is a huge discount that only some can claim but is impacting residual values for everyone.

[DeuceDeuce]

Ed.Neumann said:

Haha, nicely put, and yeah, very true, but lease prices are calculated on predicted residual values.

The thing with EVs, many who are buying them can claim the VAT back straight away, and then claim back 19-25% of the cars list price in the first year as well.
This is a huge discount that only some can claim but is impacting residual values for everyone.

I’m looking at buying one of these via Ltd company and my understanding is that you can only claim the VAT back if the car is 100% business use and I can’t see that being likely in many circumstances. If leased then same applies but can only claim half of the VAT.

Don’t forget that when you (the company) sells the car then the proceeds go back into the accounts and are liable to tax.

[Ed.Neumann]

DeuceDeuce said:

I’m looking at buying one of these via Ltd company and my understanding is that you can only claim the VAT back if the car is 100% business use and I can’t see that being likely in many circumstances. If leased then same applies but can only claim half of the VAT.

Don’t forget that when you (the company) sells the car then the proceeds go back into the accounts and are liable to tax.

That's right.

Ed.Neumann said:

I think the subsidies are ironically killing off the EV market.

The issue is it is mainly businesses who are buying them, they can write it down, reclaim the vat (50% if used for personal).......

But a business can also claim back huge chunk in year one as you can write it off saving the corp tax on that £80k too. So, somewhere between 19-25% now.

It is not perfect, but it does make it a slightly uneven playing field between business buyers and personal buyers when it comes to what the car costs you over the first 2-3 years.

[Greenmantle]

Ed.Neumann said:

DeuceDeuce said:

I’m looking at buying one of these via Ltd company and my understanding is that you can only claim the VAT back if the car is 100% business use and I can’t see that being likely in many circumstances. If leased then same applies but can only claim half of the VAT.

Don’t forget that when you (the company) sells the car then the proceeds go back into the accounts and are liable to tax.

That's right.

Ed.Neumann said:

I think the subsidies are ironically killing off the EV market.

The issue is it is mainly businesses who are buying them, they can write it down, reclaim the vat (50% if used for personal).......

But a business can also claim back huge chunk in year one as you can write it off saving the corp tax on that £80k too. So, somewhere between 19-25% now.

It is not perfect, but it does make it a slightly uneven playing field between business buyers and personal buyers when it comes to what the car costs you over the first 2-3 years.

yep if you play your cards right you can play the ltd co system and purchase a car and offload, plough the money back in and repeat purchase with very little loss over the time period. Unfortunately the anxiety would be akin to range anxiety. Get this wrong and I have only one word. Taycan!

[fridaypassion]

DeuceDeuce said:

I’m looking at buying one of these via Ltd company and my understanding is that you can only claim the VAT back if the car is 100% business use and I can’t see that being likely in many circumstances. If leased then same applies but can only claim half of the VAT.

Don’t forget that when you (the company) sells the car then the proceeds go back into the accounts and are liable to tax.

More tax efficient to buy outright not lease. Also you can depreciate it down in your books then buy it back privately to sell or keep.

[garystoybox]

fridaypassion said:

More tax efficient to buy outright not lease. Also you can depreciate it down in your books then buy it back privately to sell or keep.

You can’t buy it back for yourself if you’re a controlling director unfortunately. Against the rules and a big no no with HMRC.
If your wife is employed by the company then you could class it as her company car and then she can buy it from the firm as long as not a director?

[DeuceDeuce]

garystoybox said:

You can’t buy it back for yourself if you’re a controlling director unfortunately. Against the rules and a big no no with HMRC.
If your wife is employed by the company then you could class it as her company car and then she can buy it from the firm as long as not a director?

Hi Gary - Can you expand on this? Or link to relevant rules?

Thanks

[finmac]

Tumbleweed blowing around this thread! Especially on a recently released/long awaited new model. Interested if many are actually ordering one and whether anyone is buying one who doesn’t get the company/self employed tax breaks?

[Augustash]

finmac said:

Tumbleweed blowing around this thread! Especially on a recently released/long awaited new model. Interested if many are actually ordering one and whether anyone is buying one who doesn’t get the company/self employed tax breaks?

I have no intention of buying a Macan EV. I have a 9 month old MY23 Macsn GTS for a daily drive if I need it with 3000 miles on it and retired early so have no tax breaks. Will be trying to get another build slot for a Macan GTS before it’s discontinued.

[xxxx5]

Augustash said:

I have no intention of buying a Macan EV. I have a 9 month old MY23 Macsn GTS for a daily drive if I need it with 3000 miles on it and retired early so have no tax breaks. Will be trying to get another build slot for a Macan GTS before it’s discontinued.

So if you have no intention of buying a Macan EV, why bother commenting on a thread about them???

[fridaypassion]

garystoybox said:

You can’t buy it back for yourself if you’re a controlling director unfortunately. Against the rules and a big no no with HMRC.
If your wife is employed by the company then you could class it as her company car and then she can buy it from the firm as long as not a director?

You absolutely can buy the car back yourself its very common practise. What you want to avoid is buying it back from the business at a low rate and then selling it for a profit. That is called tax evasion.

Anyway Macan EV I think it will be an interesting year to sit back and see what residuals do on these. There will be many an estate agent or sales rep/director wives running up and down in these and I have no doubt that Porsche will be busy with them. Will it replace the old Macan sales? Highly doubtful. Will that boost residuals? Possibly!

[Augustash]

xxxx5 said:

So if you have no intention of buying a Macan EV, why bother commenting on a thread about them???

Because in my opinion they are expensive, need to see what residuals will be like vs Tacans for example and be interested to see how long the technology remains relevant.
As a Macan owner I’m interested to see what peoples views are and have given mine.
Speaking to a opc dealer he didn’t think they would start landing until sept so they are a while off yet