Lease guesstimate?

[twoblacklines]

See? So is M (I cant spell it therefore it is now referred to as "M") really worth that much extra per month?

[Zyp]

No, it's not worth it at that price.

[Wills2]

In a word, no.

You want to do 30k over three years and they want to charge you £9000 to maintain the car.

Get a service inclusive pack from BMW costs about a £1000 for 50,000 miles worth of servicing then pay for consumables as you go. (tyres and brake pads/disks should you need the latter)

I did 38k in my old M3 it cost about 2k in tyres and the service pack which I got thrown in on the deal.

Edited by Wills2 on Saturday 1st November 22:23

[Zyp]

I'm sure those prices can't be correct - have you phoned any companies to find out?

[Wills2]

The figure quoted is a nonsense.

[Jim909]

twoblacklines said:

around 6k. 2 year lease ie I pick up the car, do upto 10k miles per year then after 24 months I give it back and get a new contract.

Another question, as I own a company can I lease it through that before paying income tax, and how does it affect using it for personal mileage? I do about 80/20 personal/business mileage.

The BIK for the car will be insane i would imagine, it will cost you almost as much in tax each month as it would to pay for the car, i looked at this recently as i have a limited company, even my 330d isnt worth having as a company car.
you are better off paying for the car yourself and claiming business mileage from your company at 45p per mile for first 10k miles and 25p per mile after 10k miles per year.

[oop north]

Jim909 said:

twoblacklines said:

around 6k. 2 year lease ie I pick up the car, do upto 10k miles per year then after 24 months I give it back and get a new contract.

Another question, as I own a company can I lease it through that before paying income tax, and how does it affect using it for personal mileage? I do about 80/20 personal/business mileage.

The BIK for the car will be insane i would imagine, it will cost you almost as much in tax each month as it would to pay for the car, i looked at this recently as i have a limited company, even my 330d isnt worth having as a company car.
you are better off paying for the car yourself and claiming business mileage from your company at 45p per mile for first 10k miles and 25p per mile after 10k miles per year.

+1 whatever you do don't get it through the company - if you do so even if you reimburse everything so it cost the company nothing HMRC can still do you for the whole BIK (even though in truth you aren't getting any benefit)